Wintermute, a major market maker, sees ether ETFs collecting $4 billion, at most, of inflows from investors over the next year. That’s below the $4.5 billion to $6.5 billion expected by most analysts – and that latter number is already roughly 62% less than the $17 billion that bitcoin ETFs have so far collected since they began trading in the U.S. six months ago. Source
Ethereum is firm when writing, rapidly rising after slipping to around $2,800 earlier this month. As of writing, the second most valuable coin is up by over $24% and remains in an uptrend despite the scare of July 4 and 5. Ethereum Finds Strong Resistance At $3,500 Even as buyers expect ETH bulls to press on and push the coin above $3,700, a key resistance line, on-chain data shows that there is resistance. According to IntoTheBlock data on July 22, ETH has strong resistance at $3,500, which has been the…
Following the Chicago Board Options Exchange’s (Cboe) preparation for five new spot ethereum exchange-traded funds (ETFs) last week, the New York Stock Exchange (NYSE) has confirmed its approval to list the Bitwise and Grayscale ETH ETF. Bloomberg ETF analyst James Seyffart mentioned that he and his colleague Eric Balchunas anticipate the spot ether funds will […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Ethena’s token generates yield from perpetual futures’ funding rates and passes on the income to those who lock-up or stake, the token. Meanwhile, Superstate sells futures with certain maturity dates providing a more predictable return, and distributes the yield to all token holders, Leshner said. USCC also targets qualified, whitelisted investors to comply with U.S. securities laws and operates as a series of a Delaware Trust, a bankruptcy-remote entity from Superstate, he added. Source
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…
ETH derivatives volume suggests that Ethereum investors have little confidence in the Spot Ethereum ETFs, sparking a massive rally for the second-largest crypto token by market cap. This development comes amid the imminent launch of these funds, which are expected to begin trading next week. Ethereum Futures Premium Highlights Little Confidence In ETH’s Price According to data from Laevitas, Ethereum’s fixed-month contracts annualized premium currently stands at 11%, suggesting that crypto traders aren’t bullish enough on ETH’s price. Further data from Laevitas shows that this indicator has yet to sustain…
Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is correcting gains from the $3,500 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline further if there is a close below the $3,350 support. Ethereum Price Retreats From $3,500 Ethereum price started…
Leading overnight gains are SOL with a 2.5% increase and ETH up by 1.3%. Source
Bitcoin and Ethereum have seen more than $50 million in short liquidations in the past 24 hours, with these coming as prices surged to multi-week highs. Despite most of the liquidation volume coming from shorts, bullish bets also suffered, with over $58 million in long positions liquidated across the market. Early trading hours on Wednesday though saw the market rip higher, with Bitcoin (BTC) jumping from lows of $64k to above $66k on major exchanges. Ethereum (ETH) rose above $3,500. This price spike led to widespread liquidations, as data from…
Ethereum price failed to clear the $3,500 resistance zone. ETH is consolidating above the $3,380 support and might attempt another increase. Ethereum is correcting gains and struggling near the $3,500 zone. The price is trading above $3,380 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,375 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise unless there is a close below the $3,350 support. Ethereum Price Fails To Surpass $3,500 Ethereum price made another…