Tag: Ether

Ether Surges on BlackRock’s ETF Plans

Ether’s (ETH) BlackRock (BLK)-prompted surge past $2,000 on Thursday stole the spotlight from bitcoin (BTC), which is down slightly on the day, at around $36,500, while ether is now around $2,100. According to David Lo, head of financial products at Bybit, ether could push further. “Historically, ETH often makes significant gains following a peak in Bitcoin’s value, a pattern that may repeat here giving us a price target of around $2500,” said Lo. “After that, there may be a final rotation of profits into lower-cap coins before a cooling-off period,…

BlackRock’s (BLK) Ether (ETH) ETF Plan Is Confirmed in Nasdaq Filing

“Either CME surveillance can detect spot-market fraud that affects both futures ETFs and spot exchange-traded products, or that surveillance cannot do so for either type of product,” the filing said. “Having approved ETH futures ETFs in part on the basis of such surveillance, the Commission has clearly determined that CME surveillance can detect spot-market fraud that would affect spot ETPs, and the Sponsor thus believes that it must also approve spot ETH ETPs on that basis.” Source

Wild Bitcoin (BTC), Ether (ETH) Price Swings Spur $400M of Crypto Liquidations

The wild session comes at a time when BTC and ETH prices have been surging amid Wall Street’s burgeoning interest in crypto. Both cryptos surpassed round-number milestones they haven’t seen recently. BTC topped $36,000 and then $37,000 for the first time since May 2022 – and almost reached $38,000 – before retracing much of the rally. ETH got above $2,000 and hit the highest level since the April Ethereum upgrade known as Shanghai. Source

BlackRock prepares to file spot Ether ETF

Global asset management behemoth BlackRock has signaled interest in expanding its cryptocurrency fund offerings with a recent filing that indicates a possible proposal for an Ethereum-based ETF. BlackRock, the world’s largest asset manager, is laying the groundwork for a potential spot Ethereum exchange-traded fund (ETF). The evidence pointing to this development is a filing for an iShares Ethereum (ETH) Trust that was recently posted on the Delaware Department of State’s website. This action suggests that BlackRock, which oversees approximately $9 trillion in assets, is considering proposing an Ethereum ETF to…

Analyst Sets Bullish Ether (ETH) Price Target as Ethereum Blockchain Settlements Soar to 7-Month High

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Bitcoin and Ether record low trading volumes on South Korea’s biggest crypto exchange

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A recent report revealed that altcoin trading in the South Korean cryptocurrency market was high, in contrast to majors like Bitcoin (BTC) and Ether (ETH) where trading activity has declined in comparison.  The number of South Korean investors was estimated to reach about six million in the first six months of 2023, a figure accounting for 10 percent of the South Korean population, according to a survey carried out by the Korea Financial Intelligence Unit, as reported by DeSpread Research. Meanwhile, most of these investors use centralized exchanges (CEXes) for…

Bitcoin and Ether Options Activity Hits $20B

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The crypto options market is booming. The notional open interest, or the dollar value locked in active bitcoin and ether options contracts on leading exchange Deribit has risen to $20.64 billion, according to data tracked by Switzerland-based Laevitas. The tally nearly parallels the peak registered on Nov. 9, 2021, when bitcoin traded above $66,000, 90% higher than the going market rate of $34,170. In other words, the current open interest in contract terms is significantly higher than in November 2021. “The milestone has been achieved with nearly double the number…