Tag: ETF

Ether Volatility Expected as Traders Flood Exchanges With $231M of ETH Amid ETF Hopes

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Bitcoin (BTC) Hovers Around $70K After ETF Records Month-High Inflows

Bitcoin hovered around the $70,000 mark during the European morning, a slight drop following Tuesday’s rally to as high as $71,400. BTC is currently priced at $70,069, around 1.6% lower over 24 hours. The CoinDesk 20 Index (CD20), offering a measurement of the broader digital asset market, fell about 0.5%. BlackRock’s spot bitcoin ETF (IBIT) recorded over $290 million in inflows on Tuesday, its highest one-day figure since April 5 and nearly three times the previous high this month: $93 million on May 16. As a whole, ETFs took on…

Bitcoin ETF IBIT Records Biggest Inflows Since April as BTC Hovers at $70K

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

PEPE soars amid Ethereum ETF optimism as new memecoins prepare to rise

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe price surges on positive Ethereum ETF news, while Galaxy Fox (GFOX) gains traction as a low-cap memecoin on Ethereum. The crypto market experienced a boom at the start of this week, fueled by positive Ethereum ETF news. According to Bloomberg ETF analysts, the odds of a spot Ethereum ETF approval have increased from 25% to 75%.  This news sparked a frenzy in the altcoin market, particularly for those…

Ether ETF Approval Imminent? SEC Asks 3 Exchanges to Amend Filings: Report

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The expectation for the approval of an Ether exchange-traded fund (ETF) is heightened as the Securities and Exchange Commission (SEC) asked Nasdaq, CBOE, and NYSE to amend their applications for the crypto instrument by the end of Tuesday, Reuters reported. Bringing Enthusiasm among Crypto Investors Although there is no official confirmation, the regulator’s reported approach to the exchange has sparked enthusiasm in the crypto markets, as the dollar value of Ether has jumped significantly in the past couple of days. Ether ETF hopes are revived on flurry of application updates…

Tether mints $1 billion USDT on Ethereum, forecasting an ETF approval

Tether minted on Tuesday $1 billion USDT tokens on the Ethereum blockchain, capitalizing on growing hype around a potential spot Ethereum ETF approval. The market upswing was driven by hopes that the U.S. Securities and Exchange Commission (SEC) will approve a spot Ethereum (ETH) ETF for trading this Thursday.  Whale Alert first reported the minting on Tuesday, which was replied to and confirmed by Tether CEO Paolo Ardoino, who wrote, “PSA: 1B USDt inventory replenish on Ethereum Network. Note this is an authorized but not issued transaction, meaning that this…

Cboe Publishes Amended Spot Ether ETF Filings as Industry Renews Approval Hopes

While the 19b-4 forms might be approved as soon as this Thursday – when the first one, an application by VanEck and Cboe, faces a final deadline – the spot ether ETFs can’t launch until the SEC also approves the S-1 forms filed by the issuers themselves. There appears to be less movement on this front than with the 19b-4 filings. A few applicants have already begun revising their S-1 forms, however. Source

Ethereum Longs See Biggest Candle Ever After ETF News

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Data suggests users on Binance responded to the Ethereum exchange-traded fund (ETF) news by aggressively longing the cryptocurrency. Ethereum Net Taker Volume On Binance Has Just Seen Its Biggest Candle Ever As explained by CryptoQuant community manager Maartunn in a post on X, the Ethereum Net Taker Volume has observed a sharp increase after rumors have surfaced that the ETH spot ETFs have a renewed chance of gaining approval. The “Net Taker Volume” here refers to an indicator that keeps track of the difference between the ETH taker buy and…

Bitcoin Hits $71K as Ether ETF Hopes Build

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ETH has been buoyed by favorable regulatory developments that seem to indicate increasing chances of spot ether ETFs being approved by the SEC after the regulator asked exchanges to update 19b-4 filings, which propose rule changes. As a result, the ether implied volatility curve, which shows market expectations of future volatility across different strike prices and expirations, flattened as 25-delta risk reversals hit year-to-date highs above 18%, and traders heavily bought $4,000 calls for 24 May and 31 May, Presto Research analysts wrote. A Polymarket contract asking if an ether…