the big players like fidelity, blackrock? fidelity, blackrock, those would be the two big ones. grayscale is in this race. arce, invesco, vanek. it is a carbon copy of the other ones. called the first one the cointucky derby. we are calling this one the ethness stakes. they lined everybody up at once. it was interest in have all these issuers launching on the same day. we think we will see the same thing. there's is a chance it is not the same way. you have to give blackrock, fidelity the favorite because they are so big. you favor the big guys. everyone ate in the bitcoin race. that is why everyone is so excited should there a lot of assets -- is so excited/. . . scarlet: let's bring in cff benchmarks ceo whose firm is a subsidiary of cragin; it is good -- subsidiary of cracking. it is good to speak with you. i would if you agree with eric in terms of the odds of approval at 75% and all these issuers getting approval at the same time. >> a pleasure to be here. thank you for having me. we are an index provider. we are involved

it was a few days ago that companies like blackrock fidelity and grayscale were able to create their own etf funds. ethereum is the second largest cryptocurrency in the world and has more than 20% of the cryptocurrency market. however , investment companies in launching funds know the final number of bitcoins and it will never exceed 21 million. but the final number of ethereums is not known, which has caused doubts. on the other hand, the ethereum network, in addition to its native token, hosts 53.7 tenths percent. comment now the us securities and exchange commission has postponed the decision on ethereum funds until july 5th, 15th of july. experts say approval or rejection of this fund will have a great impact on the cryptocurrency market. saeed, the head of the sed and sima news agency. thank you for your companion, god bless you. hello and greetings to you, dear viewers, welcome to khabar network, especially the book spring program , as you are currently doing, the 35th international exhibition. the book started this morning in imam khomeini mosque in tehran. in this period of t

there is a first mover advantage for the issuers of these products, >> blackrock, fidelity . let's not forget spot bitcoin etf's amassed $50 billion in assets since january and that coincided with the bitcoin rally that's all record highs in march. there is potential policy implications here, so in the debate around whether or not ether is considered a security. the sec has been ambiguous on whether he considers ether to be considered a security. some experts believe an approval for spot ether has would mean the sct -- sec cited -- a lot of cost of noncompliance. tom: that security versus commodity debate or decision will be consequential. talk to us about the differences regionally between spot ether etf's in a jurisdiction like hong kong and those being proposed in the u.s. >> a lot of the optimism around the approval of ether uts begin on monday this week when some of the big issuers of these products remove plans to include staking in their proposed product plans, and that was seemingly to appease u.s. regulators. what is happening in on-call where etf's are already live

directly in ethereum with trading set to begin later this year through products offered by blackrock and fidelitynd ark invest and more. the decision comes less than six months after a similar approval for spot bitcoin etf with the inflow surpassing $12 million. it is on pace for the best week in more than a year. frank, if you had told me some ten years ago we would see etfs for cryptocurrency, i would have said really? it is incredible how much this has grown. >> bertha, if you said cryptocurrency would still be around, i would have bought a lot of it. i did a story on local news a couple years ago when bitcoin was 1/20th what it is now. if i had only known. thank you. >>> turning attention to the transports they were lower yesterday adding to the 5% decline with the soft demand in trucking with walmart and amazon de-stock inventory. there are signs the market could be bottoming containers are 40% higher than last month which frayeder says it due to unseasonable demand and rerouted cargo in the red sea. we have craig fuller here in studio to discuss. >> good morning. >> let's talk about contain

etf applications, and it has gone ahead and green lit all eight, that includes proposals from blackrock, fidelitys is just a first step. these applications that were approved the 19 before allow exchanges to list different etfs, but the funds themselves aren't guaranteed to begin trading until their s-1 registration filings are declared effective you may see a bit of a delay or a scramble between now and when they start trading now the price action in these a little bit tepid down 1.5 to 2%. it ripped this week, 20% in two days as expectations for this approval flipped positive which stunned everyone watching this market it's only been a couple days but it does seem like it was very priced in then and then, of course, coinbase and robinhood getting a little lift. you won't be able to trade the etf on coinbase but the company has other businesses like custody that could benefit in a long-term flow into the broader industry back to you guys. >> thanks so much. >>> all right. we are going to go to julia boorstin now it is not just traditional sectors new ai tools also helping major league sports tac

blackrock, fidelity, others non-bitcoin funds into ap etf. >> calpers?re doing it yet. sovereign wealth funds definitely. go around the world trying to get into mining, exposure to this asset. >> play us out, but quick, ethereum, this lawsuit effectively accuses fcc considering security and then sort of, bait and switching everybody. what do you think of that? and what do you think long term means? >> united states of america has an amazing court system and we've seen over and over again. s.e.c. and maultiple players go to court. simes s.e.c. wins, sometimes don't. i think jumps withink judges wi out. >> no answer. >> i don't think anybody knows. >>> when we come back, talking about the on-campus protests here in the united states. you're watching "squawk box" and this is cnbc. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen

>> i would be boaring and own bitcoin or fidelity or blackrock crypto and don't have to think. express ratios are low. be boaring and be safe. lauren: you told me you're old and boaring and you know what, i love you, sir. let's also talk about another one of your picks: quantas services. a power company. >> a wise investor and marty said the way to make money is to invest in the stocks of companies that are suppliers and adding more electricity to fuel a and i recollects don't build plans to put their capacity themselves and contract it out. the quanta services is the prototype of the company that builds capacity for electric utilities and i live in texas. the texas power grid is stretched thin no matter what to provide the extra power for the utilities and supply it to the ai companies. means quant a and other companies that build it are not as expensive as ai itself or on a relative basis many of the underlying utilities. suppliers to utilities. lauren: what about park hotels? >> the rates are too high and room rates being charged, especially the luxury ones and park hotels o

. ♪ annabelle: fidelity international and blackrock are looking toward emerging markets including indiagin to play a bigger role in it investment decisions. our strategist joins us. it is clear you have got challenges for the likes of china, korea, japan versus what you see in india and indonesia. it is a key question for investors. >> definitely, i think this will become more real. india's population surpassed china's the first time. you are getting projections. the opportunity is expected to grow run 50%. in china, growth is expected to contract by close to 10%, so it is clear at the demographic dividend overtime will play. also the working age population, fit and healthy to work essentially. in that respect, it is expected to remain relatively younger compared to china over the coming decades or so. they did a study which showed the average price on the stock market quite closely correlate with the working age population. this should be positive for stock valuations. fidelity was saying they are rather bullish on banking stocks , because they in general correlate quite well with gdp