Welcome to Seeking Alpha's Wall Street Lunch. Our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Tuesday, July 23rd I'm your host Kim Khan. Our top story so far.

On their debut, the first ever US listed spot ether exchange-traded funds, changed hands in territory, even as the price of ether eked out a small intraday

gain.

The gray scale Ethereum mini-trust, Franklin Ethereum Etheorem Etheorem Etheorem Ethelf, Vanak

Etheorem Etheoremef, bitwise Etheorem Etef, 21 shares core Etherium Etheorem

Fidelity Etheorem Fund, I shares Etheorem Trust, and Invesco Galaxy Etheorem E.F were slightly lower.

Most of the Etho tracking funds are offering fee waivers initially, often extending up to a year.

Ether is the native cryptocurrency of the Ethereum blockchain which touts benefits such as smart contracts and

customizable applications for Defi.

Spot Ether ETS will track the performance of the crypto as an underlying asset, making buying and reporting

easier due to liquidity and transparency.

The simple to understand product will also bring things more mainstream and give institutional

and retail investors another opportunity for crypto diversification.

Blackrock CEO Larry Fink calls Bitcoin digital gold and says he's no longer skeptic.

The thing that people should keep in mind is that more money into

crypto and blockchain is not a rising tide that lifts all boats, said Paul Bertie, global blockchain leader at

EY, citing similarities to the precious metals industry.

Gold is 14 to 15 trillion in market cap.

That is more than 10 times larger than the next largest precious metals.

I think we will see the same kind of behavior in cryptocurrency.

In today's trading, stocks are slightly higher with

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