Tag: Ether

Valkyrie files for Ether futures ETF with the SEC

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Asset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to Aug. 16 documents, the application is an addition to the company’s previous move to change its investment strategy for a Bitcoin (BTC) futures ETF in line with the regulator.  As per the application, the fund will not directly invest in Ether but will seek to purchase a number of ETH futures contracts. Ether is the native coin of the Ethereum blockchain, used for peer-to-peer transactions within…

3 reasons why Ether price is still pinned below $1,900

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Ether’s price has been locked within a tight trading range spanning from $1,800 to $1,900 since July 21. This remarkable lack of volatility has instilled a sense of uncertainty and skepticism among investors, despite recent positive developments, which include the launch of PayPal’s Ethereum-based stablecoin and a surge in requests for Ether-based exchange-traded funds (ETFs). PayPal’s entrance into the world of cryptocurrencies could signify a major step toward mainstream adoption for Ethereum. However, this move also raises concerns about centralization and the potential loss of control over personal assets. At…

Bitcoin, Ether Flat as PayPal USD Report Fails to Ignite Market; SHIB Finds Support

“PayPal USD (PYUSD), a U.S. dollar stablecoin issued in collaboration with Paxos Trust Co., is a significant development in the digital finance landscape,” said Jeff Mei, COO of crypto exchange BTSE, in a Telegram message. “Signifying the growing convergence between traditional financial systems and the world of crypto, this news is definitely bullish for the crypto market.” Source BitcoincryptoexchangeEtherExchangesFailsFindsFlatIgniteMarketPayPalReportSHIBSupportUSD CryptoX Portal

Whale Deposits Nearly $210M Worth of USDT and Ether (ETH) to Huobi

CryptoX – Cryptocurrency Analysis and News Portal These transactions come as outflow from Huobi continues. Data from Nansen.ai shows that in the last week, $92.2 million in Ethereum-based tokens have flowed off the exchange, while $101 million in total across all blockchains has moved during the same time period. Source The post Whale Deposits Nearly $210M Worth of USDT and Ether (ETH) to Huobi appeared first on CryptoX. CryptoX Portal

Ether ETF applications flood the SEC as ProShares files the 11th

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The United States Securities and Exchange Commission (SEC) has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week.  The latest ProShares ETF application was filed on Aug. 3 and proposes an equal weight Bitcoin (BTC) and Ether ETF. According to the filing, the fund will track “the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.” UPDATE: Another one…. 11 ETFs Filed… Proshares filed for a…

Direxion files for Bitcoin and Ether ETFs

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The daily leveraged and inverse exchange-traded fund (ETF) issuer, Direxion, has filed for Bitcoin (BTC) and Ether (ETH) futures products with the US SEC. The company follows some other prominent industry players that have filed to launch futures ETFs in recent months, including BlackRock and Valkyrie. Citing its search for capital appreciation, the filing reveals Direxion wants to achieve its investment goal through crypto futures contracts traded on the Chicago Mercantile Exchange (CME). As stated earlier,…