Tag: ETF

Ethereum Price Stays Flat Despite Today’s ETF Debut: Here’s Why

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In a day marked by the launch of the long-anticipated spot Ethereum (ETH) Exchange-Traded Fund (ETF) in the United States, the market’s response has been unexpectedly subdued. Analysts from Singapore-based crypto asset trading firm QCP Capital have shed light on the reasons behind this muted reaction, blaming the situation on previous market behaviors and other news from the broader market. Why The Ethereum Price Is Not Skyrocketing In their investor note, QCP Capital points out that the market may be adhering to a “buy the hype, sell the news” pattern,…

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…