DACFP's Ric
Edelman: "Bitcoin and Ethereum are
the Coke and Pepsi of crypto. These ETFs are a
Landmark Moment for Investors."
GREAT
FALLS, Va., May 24, 2024
/PRNewswire/ -- The Digital Assets Council of Financial
Professionals, the leading provider of crypto
education, applauds the approval of spot Ethereum ETFs
by the U.S. Securities and Exchange Commission. The agency's action
marks a significant milestone in the growing acceptance of digital
assets into mainstream investment management.
"The SEC's approval of spot Ethereum ETFs is proof
that digital assets are a legitimate asset class worthy of
consideration by all investors," said Ric
Edelman, CBDA, DACFP Founder and the nation's most acclaimed
financial advisor. "Just as we have seen massive asset flows into
spot bitcoin ETFs, which debuted only a few months
ago, we will likewise see substantial flows into these new
products."
"Bitcoin and Ethereum are the Coke and
Pepsi of crypto," Edelman added, "and now that there
are spot ETFs for both of them, you can expect an array of
additional ETFs to enter the market, featuring combinations of the
two, leverage, and active management. The investment opportunities
are going to grow exponentially, as will the prices of both of
these assets."
The approval of spot Ethereum ETFs represents a
landmark moment for the cryptocurrency market,
providing financial advisors, institutional investors and retail
investors with inexpensive, easy access to Ethereum in
a highly liquid, transparent and familiar package.
"We expect the availability of these ETFs to drive significant
inflows into Ethereum, mirroring the enthusiastic
reception of spot bitcoin ETFs, which launched in
January and have seen tens of billions of dollars in asset
flows."
Known as "programmable money" or a "smart contract" platform,
Ethereum allows for more flexible and complex
financial transactions than bitcoin. This fundamental
feature explains why Ethereum is the second-largest
digital asset by market cap, serving as a commercial application
useful in virtually every industry in the world. Financial advisors
can leverage these new ETFs to diversify and rebalance their
clients' portfolios, taking advantage of the unique attributes of
both bitcoin and Ethereum.
DACFP is providing education about the new spot
Ethereum ETFs at its upcoming VISION conference,
June 2-4 in Austin, featuring keynotes from
MicroStrategy's Michael Saylor,
former CFTC Chair Chris Giancarlo
and many others. Register at dacfpvision.com.
DACFP also offers the Certificate in Blockchain and Digital
Assets online program (CBDA – a FINRA-listed designation), which
gives financial professionals, investors, consumers and students
the knowledge they need about blockchain technology, digital
assets, NFTs, tokenization, and the metaverse – as well as
crypto regulation, compliance and taxation.
About DACFP
Founded by Ric
Edelman, the Digital Assets Council of Financial
Professionals is the leading provider of crypto
education. DACFP connects the financial services industry and
digital assets communities with leading experts via live and online
events, webinars, blogs, and other educational content. Its
flagship program, the Certified in Blockchain and Digital
AssetsSM, is the first and largest certification program
of its kind—an online self-study program featuring a world-class
faculty and 18 Continuing Education credits. Thousands of financial
professionals from 37 countries have enrolled.
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SOURCE Digital Assets Council of Financial Professionals