Tag: Ether

Friend.tech SIM-swap scourge continues as scammer nets $385K in Ether

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A single scammer has reportedly managed to steal around $385,000 worth of Ether (ETH) in less than 24 hours, amid a scourge of SIM-swap hacks seemingly targeting friend.tech users.  On Oct. 5, blockchain sleuth ZachXBT reported the same scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping four different friend.tech users. The on-chain movement of crypto assets all traced back to the same hacker who drained the accounts of the four victims. The same scammer profited $385K (234 ETH) in the past 24 hours off SIM swapping four…

Slow Start for Ether (ETH) Futures ETFs

It was a slow start for futures-based ether exchange-traded funds (ETFs) on their first day of trading. A total of nine of the ETFs offering exposure to ether futures came to market on Monday. Five will hold only ether futures, while four will hold a mix of bitcoin and ether futures. One of those funds, Valkyrie’s Bitcoin Strategy ETF (BTF) – soon to be renamed – has been in existence for about two years as a bitcoin-only fund, but is changing its strategy to include ether. The rest of the…

BTC Gives up Gains as 10-Year Yield Spikes; Ether Futures ETFs Fizzle on Lukewarm Investor Interest

The crypto market, especially bitcoin, has seen a sizable rally recently, influenced by factors like the SEC’s ether futures ETFs approvals and other government decisions, QCP Capital wrote in a recent note, highlighting that bitcoin has gained 15% in the last two weeks. However, QCP has concerns regarding the rally’s sustainability, with shifts in demand and historical data suggesting potential market downturns. Source

Ether (ETH) Futures ETFs from VanEck, ProShares and Valkyrie See Low Volume

A total of nine of the ETFs offering exposure to ether futures came to market on Monday. Five will hold only ether futures, while four will hold a mix of bitcoin and ether futures. One of those funds, Valkyrie’s Bitcoin Strategy ETF (BTF) – soon to be renamed – has been in existence for about two years as a bitcoin-only fund, but is changing its strategy to include ether. The rest of the vehicles are new to market. Source

Grayscale files to convert $5b Ethereum fund into spot Ether ETF

Grayscale Investment submitted an application with the SEC seeking to reshape its current Ethereum-based trust into an exchange-traded fund tied to Ether’s spot price. The conversion move was disclosed in a Form 19b-4 SEC filing made by the New York Stock Exchange (NYSE) Arca, Grayscale’s chief legal officer Craig Salm confirmed via a post on X (formerly Twitter). If successful, the bid would convert the largest Ethereum-focused investment fund from a publicly traded private trust to a spot Ether ETF.  Grayscale Ethereum Trust, which trades under the ticker ETHE, commands…

Grayscale/NYSE File With SEC to Convert ETHE to a Spot Ether ETF

“At Grayscale, our unwavering commitment is to offer investors transparent and regulated access to crypto through product structures that are familiar,” said Grayscale CEO Michael Sonnenshein in a statement. “As we file to convert ETHE to an ETF, the natural next step in the product’s evolution, we recognize this as an important moment to bring Ethereum even further into the U.S. regulatory perimeter.” Source

Bitcoin Price Above 28,000 and Ether Above $1700 Wiping $70M in Shorts

While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate. On October 1, the crypto market witnessed spectacular price increases, with Bitcoin (BTC) exceeding $28,000 and Ethereum (ETH) surging past $1,700, prompting more than $70 million in short positions to be liquidated in a matter of minutes. The Surprising Bitcoin Price Pump According to data from TradingView, the crypto market’s upheaval began when Bitcoin surged by a significant 3% in a mere 15-minute window. This sudden price hike propelled Bitcoin…