Blast Struggles After its Highly Anticipated Airdrop

Some spot Ethereum exchange-traded funds have received the go-ahead and can begin trading on Tuesday, following weeks of back-and-forth on edits to registration statements. The U.S. Securities and Exchange Commission allowed registration forms from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy to go effective as of Monday afternoon. Registration forms for the Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust also went effective on Monday. “The launch of the 21Shares Core Ethereum ETF (CETH) marks a significant milestone for 21Shares and for U.S. investors. Today’s approval represents further proof that crypto as an asset class is here to stay,” said Ophelia Snyder, co-founder and president of 21Shares, in an emailed statement. Firms looking to launch their spot Ethereum ETFs received the U.S. Securities and Exchange Commission’s…