Lido is the leading provider of liquid-staking solutions and its staking token, stETH, has a $13.8 billion market capitalization. Source
Lido’s Staked Ether Tokens Can Soon Be Used on Cosmos, IBC Blockchains
Tag: Ether
Nasdaq’s Hashdex mixed Ether ETF filing joins crypto ETF race
The Nasdaq stock exchange has submitted an application to the Securities and Exchange Commission (SEC) seeking approval to list an Ethereum Exchange-Traded Fund (ETF) offered by Hashdex, an asset management company. This ETF is designed to include a combination of spot ether holdings and futures contracts in its portfolio and pioneering a new approach to cryptocurrency investment within the regulatory framework. Known as the Hashdex Nasdaq Ethereum ETF, this investment fund is the first ’33 Act Ethereum futures filing of futures Ethereum under the ‘33 Act and is overseen and…
Millions in Bitcoin, Ether and Arbitrum Deposited to Exchanges By Jump Trading, Wintermute, Abraxas
CryptoX – Cryptocurrency Analysis and News Portal Asset manager Abraxas Capital transferred 14,130 ETH – worth roughly $22.5 million – to Bitfinex in two transactions, blockchain analytics firm Arkham Intelligence noted in an X post. Major market maker Jump Trading sent nearly 236 BTC – worth $5.9 million – to Binance in one installment, Arkham added. Source The post Millions in Bitcoin, Ether and Arbitrum Deposited to Exchanges By Jump Trading, Wintermute, Abraxas appeared first on CryptoX. CryptoX Portal
Ether (ETH) ETF Push Narrows Discount on Grayscale’s ETHE to Slimmest in a Year
“The market is weighing higher odds that Grayscale will be able to convert its ETHE product into an ETF following the push from traditional finance giants into the space,” Lucas Outumuro, head of research at crypto analytics firm IntoTheBlock, noted in a report. Source
Cathie Wood’s Ark Invest and 21Shares File for Spot Ether ETF
The Delaware Trust Company will act as the trustee of the spot Ether ETF from Ark Invest and 21Shares, while Coinbase will act as the crypto custodian. While the broader crypto market awaits the launch of the Ethereum futures ETF, financial players are gunning for a spot Ether ETF. On Wednesday, September 6, asset managers ARK Invest and 21Shares filed with the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would directly hold Ether (ETH). Spot Ether ETF This is the first-ever attempt to list the…
Ark 21Shares, VanEck Start Bids for First Ether ETF in the U.S.
The exchange filed 19b-4 documents on Wednesday, formally kicking off a review process. Once the U.S. Securities and Exchange Commission (SEC) acknowledges the filings, it will start a 240-day clock for a final decision. The SEC will have a number of intermediary deadlines to make a decision, but has traditionally taken the maximum number of days possible to review applications. Source
Following SEC delays, Ark Invest and 21Shares file for spot Ether ETF
Amid the United States Securities and Exchange Commission (SEC) delaying a decision on Ark Investment Management’s spot Bitcoin (BTC) exchange-traded fund, the firm has proposed an investment vehicle with exposure to Ether (ETH). In a Sept. 6 filing, Ark Invest and 21Shares requested the SEC approve the listing of shares of a spot ETH ETF on the Cboe BZX Exchange. The investment vehicle, called the ARK 21Shares Ethereum ETF, will have crypto exchange Coinbase act as a custodian and measure the performance of Ether based on the Chicago Mercantile Exchange…
Bitcoin Price (BTC) Little-Changed at $25.7K After FASB and Ether ETF News
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Cathy Wood's ARK Invest Files for First Spot Ether ETF
The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization. Source
Ether price risks losing the $1.6K support as multiple ETH price metrics decline
Ether’s price surged by 31.3% from March 10 to March 18, coinciding with the Federal Reserve’s injection of $300 billion to address the insolvency of Silicon Valley Bank. Since then, Ether’s (ETH) price has consistently maintained a daily closing price above $1,600. However, investors are now casting doubt on Ether’s ability to sustain this support level, given the prevailing bearish sentiment in the cryptocurrency space and declining metrics on the Ethereum network. Over the past six months, the cryptocurrency sector has been plagued by negative developments. Notably, the Digital Currency Group (DCG), the…