On November 9th, 2023, the crypto markets witnessed a notable upswing with Ethereum (ETH) breaking through the $2,000 barrier once again!
The market is currently hyped about the talks of a potential Spot Ethereum ETF announced by Blackrock, the world’s largest asset manager. This announcement, coming after their application for a Spot Bitcoin ETF, signals a clear step towards integrating more crypto assets into traditional finance.
In addition, this potential development is a significant stride not just for Ethereum, but also for the broader crypto landscape.
What is a Spot Ethereum ETF?
A Spot Ethereum ETF is an investment instrument designed to reflect the current value of Ethereum. It offers a significant pathway for traditional investors and institutions to gain exposure to crypto without direct ownership.
How does this impact the crypto markets?
The rumors around a Spot Ethereum ETF mark a significant milestone for the crypto integration into mainstream finance. It signals a maturing market ready to welcome a wider range of investors and institutions in the crypto space.
In the wake of recent positive events, companies such as iTrustCapital are drawing increased attention. More people are discovering and appreciating the benefits of buying and selling crypto like Ether (ETH), within a tax-advantaged crypto IRA.
Want to learn more about tax-advantaged IRAs at iTrustCapital? Read the article below.
Top 5 reasons to open a Crypto IRA at iTrustCapital
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DISCLAIMER
This article is for information purposes only. It does not constitute investment advice in any way. It does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy.
iTrustCapital is a cryptocurrency IRA software platform. It is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrustCapital is not associated with and has no direct relationship with Ethereum. iTrustCapital is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy.
Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Clients do not receive a choice of custody partner. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.
Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrustCapital makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrustCapital does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.
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