Tag: ETH

In Likely Precursor to Ethereum (ETH) ETF Approval, Most Applicants Have Submitted Their Final Forms

In the filings, the prospective issuers revealed the final details of the fund structures, including management fees, which turned out to be relevant for investors when choosing which spot bitcoin ETF they would invest in when they debuted early this year. Experts have said that the fee war in this round of launches would be similar to the competitive landscape then, when issuers kept lowering their fees to compete with other funds. Source

‘Interest in ETH to grow over time’

Trading is set to begin on July 23 for the newly SEC-approved spot Ethereum (ETH) ETFs The approval process required issuers to finalize their S-1 documents by Wednesday, July 17, allowing the ETFs to debut on July 23. These new financial products are anticipated to attract substantial investment, with projections estimating inflows of up to $5 billion within the first six months and potentially up to $20 billion within the first year. According to a recent report by Bybit, market trends and trading signals across spot trading volume, futures, options,…

6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod

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As more and more investors choose to keep their Ethereum assets frozen rather than actively selling them, the Ethereum ecosystem suddenly finds itself severely short of supplies. The second-largest cryptocurrency in the world could face serious challenges going forward depending on the planned behavior of market players. Related Reading Ethereum Supply Tightens Up The first sign of this supply gap came earlier this month when an unknown market player moved a staggering 6,400 Ethereum to the Beacon Chain depositor wallet. The Beacon Chain, which checks recently added blocks to the…

Tron Founder Justin Sun Drops $5 Million On ETH

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Justin Sun, the founder of Tron, a decentralized blockchain-based operating system, has found himself joining the Spot Ethereum ETFs FOMO with a new $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency.  Tron Founder Buys $5 Million Worth Of ETH In an X (formerly Twitter) post on July 11, Spot On Chain, an AI-driven on-chain analytics platform, uncovered a new Ethereum transaction allegedly executed by Sun. According to the analytics platform, the Tron founder had supposedly spent $5 million to buy 1,614 ETH tokens at an approximate price of…

Will ETH Break Above $3,200?

Ethereum price extended its increase above the $3,120 resistance zone. ETH could soon aim for a move above the $3,200 resistance. Ethereum is slowly moving higher above the $3,080 level. The price is trading above $3,080 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if there is a close above the $3,200 resistance zone. Ethereum Price Outperforms Bitcoin Ethereum price extended its recovery wave above…

Ethereum Whale Sparks Sell-Off Rumors With 11,215 ETH Coinbase Deposit

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An Ethereum whale has caused panic among community members following a recent transaction suggesting they might be looking to offload their holdings. This comes amid a recent prediction by research firm Matrixport that Ethereum’s price could significantly rebound from its current price level.  Ethereum Whales Transfers 11,215 ETH Onchain data shows that the Ethereum whale transferred 11,215 ETH ($34.3 million) to the crypto exchange Coinbase. A trader usually makes such a move when selling these tokens, and considering the amount of tokens involved, such a sale could significantly impact ETH’s…