Tag: ETH

Valkyrie Receives Permission to Start Buying ETH Futures for Its Bitcoin ETF

The news of the new Valkyrie ETF caused a spike in Ether price.  Asset manager Valkyrie has received approval to convert its Bitcoin futures exchange-traded fund (ETF) to a two two-for-one investment vehicle by combining Bitcoin and Ether futures contracts into one contract. The firm has already started buying Ether futures contracts. In a statement to CoinDesk, a company spokesperson wrote: “Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures contracts, making it the first US ETF to provide exposure to Ether and Bitcoin futures…

Is The Ethereum Winter Over? L2 Exploding, ETH Futures ETF Launches

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After sinking roughly 30% from 2023 highs, Ethereum appears to be bouncing off from the pits of the crypto winter. Looking at candlestick arrangements in the daily and weekly charts, the coin has primary support at around $1,500 and is firm, bouncing off with decent trading volume.  At spot rates, ETH is up approximately 3% following positive developments sparked by the increasing adoption of its layer-2 scaling solution and the recent news that VanEck, a player managing billions of assets, is preparing to launch an Ethereum derivatives product. ETH price…

Ethereum Staking Surges to 7.4M ETH and Counting

One challenge that Ethereum is contending with in the wake of the Merge is that with growing interest in the network and growing desire to participate in it, there are now 840,000 validators. While this is beneficial to the core principle of decentralization, the sheer number of machines and their wide-ranging geographic dispersion inevitably leads to strain on the network, resulting in increased latency and longer waits to reach consensus. Source

Bitcoin lender Ledn to roll out ETH, USDT interest accounts

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Despite its roots embedded in Bitcoin (BTC) lending, lending platform Ledn has announced the launch of an Ether (ETH) yield offering following user requests for a shielded alternative to manually staking Ether. The Cayman Islands firm has added an ETH offering to its Growth Accounts products, which currently offers users ring-fenced facilities to earn interest on Bitcoin and USD Coin (USDC) deposits. An announcement shared with Cointelegraph highlighted user calls for a means to earn interest from ETH holdings without having to manually stake and manage Ether through liquid staking…

Can Upcoming ETH Futures-Based ETFs Turn The Tables?

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The Ethereum price is hovering around yearly lows compared to the dominant cryptocurrency, Bitcoin. This decline, notable since September 2022, has brought ETH to trade as low as $1,594 at the time of writing. However, amid the concerns about Ethereum’s notable plunge, there are hints of a potential trend reversal, according to the latest report from crypto research firm K33 Research. Ethereum Price Declines, Underlying Reasons K33 Research, a renowned figure in the crypto analytical space, has been closely monitoring the relationship between Ethereum and Bitcoin. Their recent findings highlight a…

ETH Staking Has a Bright Future, Despite Regulatory Uncertainty

CoinDesk Indices in partnership with Coin Fund has created the Composite ETH Staking Rate (CESR), a benchmark for investors to hold managers, exchanges, and service providers accountable for their returns. Indices are the cornerstone of a robust derivatives market and institutional participation. There has been a dearth of professional index products for institutional investors. DeFi has mature indices, through products like staked ETH, but TradFi investors that want private fund exposure have to contend with deviations from NAV, high fees, no staking and sloppy compliance. Source

SEC Chair Gary Gensler Is Wrong About Proof-of-Stake Tokens Like ETH

“The investing public is investing anticipating a return, anticipating something on these tokens, whether they’re proof-of-stake (PoS) tokens, where they’re also looking to get returns on those proof-of-stake tokens and getting 2%, 4%, 18% returns. Whatever they’re promoting and putting into a protocol, and locking up their tokens in a protocol, a protocol that’s often a small group of entrepreneurs and developers are developing, I would just suggest that each of these token operators … seek to come into compliance, and the same with the intermediaries.” Source