Tag: Ethereum

Buying ‘Ethereum Beta’ Altcoins Is A Recipe For Disaster: Research

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In a research report released on July 18, 2024, Thor Hartvigsen, a crypto researcher, strongly cautioned against the investment strategy of purchasing high-beta altcoins within the Ethereum ecosystem as a leveraged tactic, particularly with the forthcoming launch of the spot Ethereum ETFs in the United States. Hartvigsen’s analysis titled “ETH Beta – a Recipe for Disaster?” provides an analysis of whether buying ETH-correlated altcoins, commonly referred to as ‘ETH betas,’ constitutes a good investment strategy. These assets, including tokens like OP, ARB, MANTA, MNT, METIS, GNO, CANTO, IMX, STRK (all…

Ethereum Price Pulls Back: ETH Gains Under Pressure

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Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is correcting gains from the $3,500 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline further if there is a close below the $3,350 support. Ethereum Price Retreats From $3,500 Ethereum price started…

Europe’s Top Derivatives Exchange Targets $400B Ethereum Market with New Instruments

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Deutsche Boerse-backed Eurex adds support for Ethereum to crypto derivatives list

German derivatives exchange Eurex has announced the expansion of its portfolio, listing Ethereum-based futures and options index. Eurex Exchange, a German derivatives exchange known for trading European-based derivatives, has announced the listing of Ethereum-based index products, citing a “significant trading and hedging demand from institutional and professional customers.” In a Thursday announcement, the Deutsche Börse-backed derivatives exchange unveiled that its new product, FTSE Ethereum Index Futures and Options, is set to launch on Aug. 12, following the 2023 introduction of FTSE Bitcoin Index Futures and Options. “There is significant trading…

Bitwise CIO Bullish On Ethereum ETFs Fueling Surge To Record Highs Above $5,000

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As the highly anticipated launch date of spot Ethereum ETFs approaches, Matt Hougan, Chief Investment Officer of crypto asset manager Bitwise, has stressed the potential for these ETF inflows to drive the Ethereum price to record highs.  In a recent client note, Hougan highlighted the significant impact that ETF flows could have on the Ethereum price, surpassing even the effects witnessed in the spot Bitcoin ETF market in the US.  Ethereum ETFs Poised To Surpass Bitcoin’s Impact?  Hougan confidently predicts that introducing spot Ethereum ETFs will lead to a surge…

In Likely Precursor to Ethereum (ETH) ETF Approval, Most Applicants Have Submitted Their Final Forms

In the filings, the prospective issuers revealed the final details of the fund structures, including management fees, which turned out to be relevant for investors when choosing which spot bitcoin ETF they would invest in when they debuted early this year. Experts have said that the fee war in this round of launches would be similar to the competitive landscape then, when issuers kept lowering their fees to compete with other funds. Source

Trading Guru Sees Bullish Future for Ethereum, Targets $5,600 in Latest Analysis

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin ETF inflows hit $16 billion: will Ethereum follow?

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Spot Bitcoin (BTC) ETFs are doing well as their inflows accelerate, helped by institutional and retail investors. Data shows that ETFs, which were launched earlier this year, have added over $16.16 billion in inflows this year. This trend has beaten Bloomberg’s 12-month estimate of between $12 billion and $15 billion. Blackrock’s iShares Bitcoin Trust (IBIT) leads the market, having accumulated over 316k coins valued at over $18 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows with over 176k coins. Other notable Bitcoin ETFs include Cathie Wood’s ARKB, Bitwise’s BITB, and…

Why Is The Ethereum Price Up Today?

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Ethereum (ETH) is up in the last 24 hours. This is thanks to a recent development suggesting that the Spot Ethereum ETFs are set to launch anytime soon. These funds are expected to positively impact ETH’s price, with the second-largest crypto token poised to reach new highs.  Why ETH Is Up Today Ethereum experienced a price surge following Bloomberg analyst Eric Balchunas’ revelation that the Spot Ethereum ETFs could begin trading by July 23. Balchunas mentioned in an X (formerly Twitter) post that the US Securities and Exchange Commission (SEC)…