Tag: Ether

Ether Flirts With $3K

Ether, the second-largest cryptocurrency by market value, reached levels not seen for almost two years on Monday as investors anticipated approval of spot ether exchange-traded-funds (ETFs) in the U.S. Ether (ETH) climbed to $2,984 yesterday, the highest level since April 26, 2022, according to data from TradingView. Ether is now hovering around $2,933. In the short term, analysts expect ETH to move higher, possibly reaching $3,600. “We are very close in this move to levels around $3,150-$3,300,” said Kenny Hearn, SwissOne Capital’s chief investment officer. “The next level after that…

Ether Traders Target $3.5K as ETH Jumps on ETF Expectations

As of Thursday, Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, had all submitted applications for an ether ETF. They already offer spot bitcoin (BTC) ETFs, which were introduced mid-January. Since then, the funds have accumulated $11 billion worth of BTC and helped propel the price of the largest cryptocurrency through $52,000. Source

Franklin Templeton enters competition to introduce spot Ether ETF

Franklin Templeton has recently filed for a spot ether ETF, joining the competitive landscape of companies aiming to bridge traditional finance with digital assets. According to their filing, the proposed ETF aims to provide investors with a convenient alternative to directly acquiring, holding, and trading Ethereum. This move comes after the Securities and Exchange Commission (SEC) approved issuers for Bitcoin ETFs earlier in January, with Franklin being among the nearly a dozen firms to launch such a product. The firm expressed interest in staking the ether held by the fund,…