Ethena offers a 27% annualized reward to holders of its USDe stablecoins, a yield mostly generated by shorting ether futures. Source
DeFi Platform Earning Yield by Shorting Ether Attracts $300M
Tag: Ether
First Mover Americas: All Eyes on Ether
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Ether Could Be the Next 'Institutional Darling,' Bernstein Says
Ether is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said. Source
Ether Traders Target $3.5K as ETH Jumps on ETF Expectations
As of Thursday, Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, had all submitted applications for an ether ETF. They already offer spot bitcoin (BTC) ETFs, which were introduced mid-January. Since then, the funds have accumulated $11 billion worth of BTC and helped propel the price of the largest cryptocurrency through $52,000. Source
Franklin Templeton enters competition to introduce spot Ether ETF
Franklin Templeton has recently filed for a spot ether ETF, joining the competitive landscape of companies aiming to bridge traditional finance with digital assets. According to their filing, the proposed ETF aims to provide investors with a convenient alternative to directly acquiring, holding, and trading Ethereum. This move comes after the Securities and Exchange Commission (SEC) approved issuers for Bitcoin ETFs earlier in January, with Franklin being among the nearly a dozen firms to launch such a product. The firm expressed interest in staking the ether held by the fund,…
Ether Tops $2.4K as Cathie Wood's Ark, 21Shares Amend Spot ETH ETF Filing
CryptoX – Cryptocurrency Analysis and News Portal The updated S-1 document brings the spot Ethereum ETF application more “in line” with the recently approved spot BTC ETF prospectus, one analyst noted. Source The post Ether Tops $2.4K as Cathie Wood's Ark, 21Shares Amend Spot ETH ETF Filing appeared first on CryptoX. CryptoX Portal
Prometheum, the Only U.S.-Registered Crypto Platform, Picks Ether as Its First Product
Prometheum Inc. – still standing alone as the only U.S.-registered crypto securities platform – has disclosed that the first digital asset it’ll handle for clients will be ether {{ETH}}. Source
SEC Delays Another Ether ETF Application
A decision for approving or denying a joint Ether ETF product has been pushed back, in line with analyst expectations. Source
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to become a spot exchange-traded fund (ETF). It also holds $165 million in Grayscale Ethereum Trust and $38 million in Grayscale Ethereum Classic Trust, the filing shows. Source
Crypto Traders Prefer Bitcoin (BTC) Over Ether (ETH) Despite Spot ETH ETF Narrative
“The downward sloping structure is backward, which means that traders expect ETH to perform weaker than BTC as time goes by,” Griffin Ardern, volatility trader from crypto asset management firm Blofin, said. “This shows investors are relatively more bullish on BTC’s performance.” Original