Tag: ETF

Ether Little Changed After Spot ETF Approval

Ether was little changed after the SEC’s approval for ETH ETFs in the U.S. on Monday. The second-largest cryptocurrency traded around $3,500, just 0.2% higher than 24 hours ago. Still, it outperformed the wider digital asset market, which is 1.3% lower as measured by the CoinDesk 20 Index (CD20). Some analysts predict that the ETFs’ listings could drive the ether price up to $6,500, though inflows are not expected to be nearly as high as for their bitcoin counterparts. Steno Research predicts that the ETFs could see $15 billion-$20 billion…

Bitwise pledges to donate 10% of Ethereum ETF

Bitwise Asset Management said it will allocate 10% of profits from its spot Ethereum ETF toward supporting Ethereum open-source development. Bitwise, a crypto index fund manager, said in a press release on Monday it would donate some of the profits from its spot Ethereum exchange-traded fund (ETF) to Ethereum developers in a bid to support open-source development. In the announcement, the Chicago-headquartered firm said it will send 10% of profits of the Bitwise Ethereum ETF to two organizations: Protocol Guild, a funding organization, and PBS Foundation, a non-profit research entity.…

Ethereum Eclipses Solana In 2024 Inflows Amid Hype For Upcoming ETF Launch

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According to a recent report from CoinShares, Ethereum (ETH) saw an uptick in inflows last week, surpassing Solana’s (SOL) inflows for 2024, coinciding with the impending launch of exchange-traded funds (ETFs) that will allow regulated investment in the US for the second-largest cryptocurrency by market capitalization.  ETH Dominates Inflows The report highlights Ethereum’s strong momentum recorded over the past month, with inflows reaching $45 million last week, amounting to the year for over $103 million, outpacing Solana’s inflows year-to-date (YTD).  Solana, however, also witnessed inflows of $9.6 million during the…

Is the Eth ETF launch a “sell the news” scenario?

Spot Ethereum Exchange-Traded Funds are set to debut on July 23, following the SEC’s rule change over two months ago. According to a report by Kaiko, the initial inflows to these Exchange-Traded Funds (ETFs) will most likely affect Ethereum’s (ETH) price. However, whether the effect will be positive or negative is still up for grabs. “The launch of the futures based ETH ETFs in the US late last year was met with underwhelming demand, said Will Cai, head of indices at Kaiko. “All eyes are on the spot ETFs’ launch…

Ethereum Whale Watch: Will $120M+ ETH Pending Dump Affect ETH ETF Hype?

CoinspeakerEthereum Whale Watch: Will $120M+ ETH Pending Dump Affect ETH ETF Hype? Some Ethereum (ETH) whales have positioned themselves to benefit from US spot ETH ETF speculation, which is set to launch on July 23. About $122 million worth of ETH has been moved to centralized exchanges (CEXes) for sell-offs from three whales. According to the on-chain analysis platform Spot On Chain, $89 million ETH has been moved to Binance and OKX exchanges in the past 9 days. During the early London trading session on 22nd July, another whale transferred…

Here’s What To Know On Grayscale Bitcoin & Ethereum ETF Spinoffs – Details

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Prominent asset manager Grayscale Investments is set to launch spinoffs of their Grayscale Ethereum Trust’s (ETHE) and Grayscale Bitcoin Trust (GBTC) exchange-traded funds (ETF). Following inquiries by market spectators and potential investors, Bloomberg analyst James Seyffart has provided much insight into the nature and operation of these spinoffs. Grayscale ETF Spinoff Based On 90-10% Sharing Format, Seyffart Says On Friday, James Seyffart published a thread on social media platform X, discussing vital information about Grayscale’s ETF spin-offs Grayscale Ethereum Mini Trust (ETH) and Grayscale Bitcoin Mini Trust (BTC), which are…

Ethereum enjoys price increase, ETF anticipation intensifies

Ethereum (ETH) has experienced an over 15% price increase in the past two weeks. This surge has captured the attention of investors and analysts alike, highlighting the cryptocurrency’s resilience and potential amidst a turbulent crypto market environment. Ethereum began an upward trajectory on July 10 as regulators seemed ready to approve spot Ether ETF applications. On July 10, Ethereum led the charge with a 9% increase, reaching $3,680.98 and peaking at $3,835.43 earlier that day. Bitcoin also followed with a 2% rise, trading around $71,350. Issuers and exchanges have reportedly…