Grayscale Ethereum ETF decision gets postponed again by SEC

The U.S. Securities and Exchange Commission (SEC) has once again delayed approving the Grayscale Ethereum (ETH) Futures Trust exchange-traded fund (ETF).  The postponement, disclosed in an SEC filing on March 22, extends the deadline from March 31 to May 30. The decision has sparked significant interest and speculation within the cryptocurrency community, since it directly affects the status of Grayscale’s Ethereum Futures Trust ETF. This delay comes against the backdrop of a broader regulatory landscape that is increasingly scrutinizing crypto-based financial products, following the recent approval of Bitcoin ETFs earlier…

Ethereum Sees Rise In Daily Activity, But Why Is Price Down?

Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500. While this decline can be felt through the majority of large cryptocurrencies in the industry, the number of daily active Ethereum addresses has been steadily rising over the past month.  Ethereum’s Network Activity Surges But Price Remains Stagnant An increase…

March Sees Nearly $1 Billion In Ethereum Netflow To Centralized Exchanges

The price of Ethereum has not exactly lived up to its promise as the month has gone on, despite a stellar start to the month. While this bearish pressure has been widespread in the general cryptocurrency market, regulation uncertainty has been an additional concern for ETH, igniting a negative sentiment around the “king of altcoins.” Interestingly, the latest on-chain revelation shows a substantial amount of Ethereum has made its way to exchanges so far in March, suggesting that investors might be losing confidence in the long-term promise of the cryptocurrency.…

Ethereum Drops Below The 100-Day Moving Average

The crypto market is experiencing a pullback after Bitcoin, the leading cryptocurrency, reached a new all-time high. However, Ethereum (ETH) is not left out in this downward move. After setting a new yearly high of $4,094, the price of Ethereum has been moving downward and this has led to the price trading below the 100-day Moving Average (MA) both in the 1-hour and 4-hour timeframes, but this is not so in the daily timeframe.  Will the price continue downward or will it change direction and start moving upward? At the…

BlackRock Seeing Only ‘A Little Bit’ Demand for Ethereum (ETH) from Clients, Says Head of Digital Assets

BlackRock ushered in a bullish optimism within the digital assets market in January when it got approval to offer the Bitcoin Bitcoin Fund (IBIT) to investors, which in less than two months of trading, became one of the top five ETFs overall in the market. The fund has attracted $15 billion in assets, significantly more than any of the other nine funds. Source CryptoX Portal

Bitcoin, Ethereum options worth $2.6b expire; investors show caution

Bitcoin and Ethereum options worth early $2.6 billion in notional value expired today amid a broader market pullback.  According to Greeks.live, 25,000 BTC options expired, showcasing a Put Call Ratio of 0.56. The ratio indicates a higher interest in call options than puts, suggesting optimism among a segment of investors.  The Max Pain point stood at $67,000 with a notional value of $1.7 billion. Similarly, 250,000 ETH options expired, with a Put Call Ratio of 0.51 and a Maxpain point of $3,500, amounting to a notional value of $890 million.…

Ethereum Price Signals Uptrend Continuation But Can Bulls Clear This?

Ethereum price is attempting a recovery wave above the $3,500 zone. ETH must clear the $3,580 resistance to continue higher in the near term. Ethereum started a decent recovery wave above the $3,350 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a short-term bullish flag pattern with resistance at $3,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,580 resistance zone. Ethereum Price Holds Support Ethereum price…

Ethereum Price Rallies 10%, Why Close Above $3,550 Is The Key

Ethereum price started a recovery wave from the $3,050 zone. ETH is up over 10% and is now struggling to clear the $3,550 resistance zone. Ethereum started a decent recovery wave from the $3,050 zone. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,550 resistance zone. Ethereum Price Starts Recovery Ethereum…

BlackRock starts digital asset fund supported by $100m on Ethereum

BlackRock has announced the creation of the BlackRock USD Institutional Digital Liquidity Fund in partnership with Securitize, a leading asset tokenization firm from the British Virgin Islands. While the specific assets the fund will hold remain undisclosed, Securitize’s involvement hints at a focus on tokenizing real-world assets (RWA). The process involves representing ownership of a broad array of assets through a blockchain token, a practice gaining traction for its potential to enhance asset liquidity and efficiency. Tokenization continues to expand, with predictions that “tokenized assets will grow by a factor…