Tag: Ether

Ether shorter gains $68M on 50x leverage as ETH drops 11%

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An anonymous cryptocurrency trader has accumulated almost $68 million in unrealized profit by shorting Ether amid its recent price decline. According to blockchain data from Hypurrscan, the trader opened a 50x leveraged short position when Ether (ETH) was trading at $3,176, on Feb. 1. As of 9:06 am UTC on March 5, the position had almost $68 million in unrealized profit. Shorting involves “borrowing” the underlying cryptocurrency from a broker, selling it at the current price, and then repurchasing it once the price falls — a strategy used by traders…

Bitcoin ETFs Face $74 Million Outflow as Ether Funds Mark Eighth Consecutive Day of Withdrawals

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The week began with bitcoin ETFs experiencing a net outflow of $74 million, while ether ETFs marked their eighth consecutive day of withdrawals, totaling $12 million. Bitcoin and Ether ETFs Continue to See Capital Outflows The crypto exchange-traded funds (ETFs) market commenced the week with continued outflows, as bitcoin ETFs experienced net outflows totaling $74.19 […] Original

SEC again delays Ether ETF options on Cboe

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The US Securities and Exchange Commission has once again extended its deadline for deciding whether or not to permit Cboe Exchange to list options tied to Ether exchange-traded funds (ETFs).  The agency has given itself until May to make a final decision to approve or disapprove of Ether (ETH) ETF options trading on the US exchange, according to a Feb. 28 regulatory filing.  Cboe initially requested to list Ether ETF options in August 2024, but the SEC sought extra time to reach a decision in October.  The exchange is seeking…

ETF Weekly Recap: Bitcoin ETFs See Consecutive Week of Outflows With $559 Million Exit, While Ether ETFs Gain Modest $1.6 Million

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During the week of Feb. 17 to 21, bitcoin ETFs experienced a net outflow of $559 million, marking the second consecutive week of declines. In contrast, ether ETFs saw a modest net inflow of $1.6 million during the same period. Another Week of Significant Outflows for Bitcoin ETFs U.S. spot bitcoin exchange-traded funds (ETFs) continued […] Original

Bitcoin and Ether ETFs Debut on ASX as Betashares Partners With Bitwise

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The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets. Betashares Expands Crypto Offerings With Bitcoin and Ethereum ETFs in Australia Betashares has officially launched its bitcoin and ether ETFs on the Australian Securities Exchange […] Original

Major Outflows Hit Bitcoin Exchange-Traded Funds With $365 Million Exit; Ether ETFs End Four-Day Inflow Streak

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Bitcoin ETFs experienced a substantial net outflow of $365 million, while ether ETFs saw a $13 million withdrawal, ending a four-day streak of inflows. Crypto ETFs Face Setbacks With $365 Million and $13 Million Outflows The notable capital movements on Thursday, Feb. 20 saw bitcoin exchange-traded funds (ETFs) face a significant net outflow of $364.93 […] Original

Franklin Templeton launches its Bitcoin and Ether ETF “EZPZ”

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Franklin Templeton has launched its latest crypto exchange-traded product, the Franklin Crypto Index ETF. This marks the asset manager’s third major crypto exchange-traded fund. The other two digital asset funds include the Franklin Bitcoin ETF (ticker: EZBC) and Franklin Ethereum ETF (ticker: EZET), approved in January and June, respectively. Franklin Templeton announced the launch of the Franklin Crypto Index ETF on Feb. 20. The fund, which Franklin Templeton filed for approval with the U.S. Securities and Exchange Commission in August 2024, will trade under the ticker EZPZ. The new exchange-traded…

Ether ETFs Lead With $19.02 Million Inflow as Bitcoin ETFs Outflows Continue

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On Wednesday, Feb. 18, ether ETFs experienced a net inflow of $19.02 million, primarily driven by Fidelity’s FETH, while bitcoin ETFs faced a net outflow of $71.07 million with significant withdrawals from Fidelity’s FBTC and Valkyrie’s BRRR. Ether ETFs Secured $19.02 Million Inflows While Bitcoin ETFs Saw $71.07 Million Exit The contrasting fortunes for crypto […] Original

Best ERC-20 Altcoins to Buy as Ether Reserves Record Historical All-Time Lows

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Ether supply on exchanges is now at a 9-year low: specifically 18.95 million ETH as of February 18, at the time of writing. This suggests investors are now moving $ETH into cold storage, presumably for long-term HODLing purposes. If the ecosystem is overall looking to hold, rather than trade Ether, the historic all-time lows supply significantly increases the odds of ‘supply shock’ occurring, which would inevitably power an $ETH bull run and skyrocket the price. Basic economics dictate that a supply shock happens when the demand of an asset exceeds…

Bitcoin ETFs Rebound With $66.19 Million Inflow, Ether ETFs Attract $11.65 Million

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Both bitcoin and ether ETFs started the week positively, with net inflows of $66.19 million and $11.65 million, respectively. Fidelity’s FBTC led bitcoin ETF inflows, while Fidelity’s FETH was the primary contributor to ether ETF inflows. Bitcoin and Ether ETFs Kick Off Week With Positive Inflows After a challenging period of outflows, crypto exchange-traded funds […] Original