The U.S. Securities and Exchange Commission delayed an application by Grayscale Investments to convert its Ethereum trust product into an exchange-traded fund (ETF), a day after pushing back a decision on an application from BlackRock to launch an ether ETF. Source
Ether’s one-week call-put skew, a gauge of demand for calls relative to puts expiring in seven days, fell to nearly -8 on Wednesday, the lowest in over three months, indicating a preference for bets that ether’s price will decline. The gauge stayed negative at press time, with one-, two- and three-month skews exhibiting a negative outlook. Source
Since the BTC ETF narrative gripped the market last year, traders have been looking at ether as the next likely candidate to get a spot ETF approval in the U.S. Reflecting this sentiment is the discount to net asset value (NAV) for the Grayscale Ethereum Trust (ETHE), which has been contracting since the summer, and has lingered around 12% over the last two months, according to JPMorgan. Source
Institutional crypto firm ETC Group, in its annual report, discussed a bullish outlook for the ether-bitcoin ratio and explained that despite 2023’s inscriptions-led boom in Bitcoin’s network activity, Ethereum remains the dominant chain for building decentralized applications, NFTs, and tokenized assets. Source
BlackRock’s iShares Bitcoin Trust (IBIT) was one of the several such products to make its trading debut in the U.S. on Thursday after the Securities and Exchange Commission’s (SEC) approved the funds on Wednesday. IBIT accounted for roughly $1 billion of the total $4.6 billion of trading volume that the ETFs collectively saw. Original
Several firms have filed applications for spot ether ETFs, including BlackRock. Original
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…
Bitcoin recently traded around $47,500, up from just below $46,000 before the news broke Wednesday afternoon. Ethereum’s ether (ETH), the second-largest crypto by market capitalization, jumped 11% and exceeded $2,500 for the first time in 20 months as attention turns to U.S. applications for ether ETFs. Original
Ether (ETH) and native tokens of applications built on Ethereum surged in the past 24 hours as traders bet on the possibility of an ether exchange-traded fund (ETF) following the expected approval of a bitcoin ETF in the U.S. Ether exchanged hands over $2,400 in early European hours Wednesday, up 5% in 24 hours. LDO, the governance token of the decentralized autonomous organization (DAO) behind liquid-staking system Lido, gained over 20% while the ARB token of Ethereum scaling solution Arbitrum rose almost 17%. Bitcoin fell 2.2%. BlackRock has filed an…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…