Tag: Ether

Robinhood (HOOD) Wells Notice Shouldn’t Deter Eventual SEC Approval of an Ether (ETH) Spot ETF: JPMorgan

The popular trading platform received the notice – a preliminary warning from the regulator about potential enforcement action – on May 4, the company said in a filing on Monday. The notice should be viewed as a “continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities,” analysts led by Nikolaos Panigirtzoglou wrote. Source

Ether Reverts to Inflationary Asset Following Fee-Reducing Dencun Upgrade

Ether was a deflationary asset following the Merge, with the total supply of the token dropping from 120.491 million to 120.097 million since September 2022. However, the total amount of fees burned decoupled from network activity following Dencun, meaning that the natural increase in supply is outpacing the amount burned in fees. Ether’s supply has thus increased by 400,000 tokens since April. Source

Wintermute to Provide Liquidity Hong Kong Bitcoin (BTC) and Ether (ETH) ETFs

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“Crypto ETFs provide a means for investors at all levels to enter into the world of digital assets through a regulated and government-endorsed investment vehicle,” said Wintermute CEO Evgeny Gaevoy. “[They] play a key role in bringing the next wave of investors into the crypto space, both institutional and retail … Increasing access to digital assets will play a critical function in further accelerating growth, and Wintermute is excited to play a key role in that process.” Original

Bitcoin (BTC) and Ether (ETH) ETFs Have a Soft Debut in Hong Kong

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Bitcoin (BTC) and Ether (ETH) ETFs Launch in Hong Kong Tuesday: Interview With Key Executives

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Zhu Haokang : Based on the analysis of various factors, we believe that cryptocurrency ETFs will be beneficial to cryptocurrency prices. First, Hong Kong’s crypto spot ETF market injects more liquidity into the crypto market. Second, accelerate the compliance of the industry. Third, funding channels have been expanded. Fourth, investors may obtain arbitrage opportunities between ETF prices and spot prices, allowing more market makers and arbitrage investors to actively participate. Fifth, with the passage of our crypto spot ETF, trading factors in traditional markets will also directly affect the cryptocurrency…