The long-anticipated launch of spot Ethereum ETFs in the United States became a reality today as nine such financial vehicles went live for trading. The first 90 minutes were quite impactful, as the total volumes exceeded $360 million, according to data from Bloomberg’s ETF specialist – Eric Balchunas. Here’s where we at after 90 minutes. $361m total. As a group that number would rank them about 15th overall in ETF volume (about what $TLT and $EEM trade), which is Top 1%....
Read More »Statement von Eric Demuth, CEO Bitpanda, zur Genehmigung der SEC des Börsenhandels von Ethereum Fonds
Statement von Eric Demuth, CEO Bitpanda, zur Genehmigung der SEC des Börsenhandels von Ethereum Fonds. Wie Sie sicherlich bereits gehört haben, genehmigte die SEC nun endgültig einen börsengehandelten Ethereum-Fond. Nach der Genehmigung von Bitcoin-ETFs Anfang des Jahres und aufgrund des politischen Drucks auf die SEC war diese Entscheidung unvermeidlich. Anbei übersenden wir Ihnen das Statement dazu von Eric Demuth, CEO von Bitpanda, Europas führendem Krypto-Broker. Was...
Read More »Ethereum Whale Watch: Will $120M+ ETH Pending Dump Affect ETH ETF Hype?
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Read More »Bitcoin ETFs See $1.2B Inflow as CBOE Sets Ethereum ETF Launch Date
Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day...
Read More »Binance CEO Forecasts Spot Ethereum ETFs Bringing Steady Capital Inflow, Downplays Dramatic Impact
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Read More »Spot Ethereum ETF Race Intensifies as Issuers Prepare for Imminent Launch
ETF issuers are making their final preparations to launch spot Ethereum-based products in the United States next week. On July 18, ETF Store president Nate Geraci noted that the final S-1s were in from prospective spot ETH ETF issuers. The Form S-1 is the initial registration form for new securities required by the SEC for public companies. Two months ago, “just about everyone thought these had no chance of approval,” he added before predicting that the launch date could be...
Read More »Here’s How ETH Could Surge Above $5,000 in 2024 After Ethereum ETP Approvals: Bitwise CIO
Bitwise Asset Management’s Chief Investment Officer has predicted that the introduction of Ethereum Exchange-Traded Products (ETPs) will drive ether (ETH) prices to new all-time highs above $5,000 by the end of the year. The CIO suggests that ETP flows could have a bigger impact on Ethereum than they did on Bitcoin. The Road to Ethereum’s New All-Time-High According to Matt Hougan, with ETPs projected to attract $15 billion in new assets over the next 18 months and ETH...
Read More »Spot Ethereum (ETH) ETFs Set to Launch Within a Week, According to Industry Sources
According to a Reuters report, three industry sources indicate that spot Ether exchange-traded funds (ETFs) are expected to begin trading on July 23. The sources also mention that the U.S. Securities and Exchange Commission (SEC) has granted preliminary approval for at least three of eight asset managers to release the spot Ether ETFs. Will Spot Ether ETFs Begin Trading Next Week? Nate Geraci, President of the ETF Store, highlighted this development in a post on X. He noted...
Read More »Top Bitcoin (BTC) Price Predictions as of Late
TL;DR Bitcoin’s price fluctuated between $54,000 and $60,000 in the last seven days, with predictions of a surge to $90,000-$100,000 based on factors like Ethereum ETFs launch and Germany’s BTC sales. However, some analysts warn of potential price drops due to various factors. What’s Next for BTC? The primary cryptocurrency experienced enhanced volatility in the past week, with its price ranging from $54,000 to almost $60,000. Currently, it trades at around $58,000 (per...
Read More »Shiba Inu (SHIB) ETF: The Pros and Cons According to Team Member
TL;DR The SEC approved spot Bitcoin and Ethereum ETFs in 2024, generating excitement for future crypto ETFs, including Shiba Inu (SHIB). A SHIB ETF could make investing easier and increase demand, but it is also focused on centralized control and additional fees. The Pluses 2024 has been quite fruitful in terms of groundbreaking events surrounding the cryptocurrency industry. For instance, the US Securities and Exchange Commission (SEC) finally greenlighted spot Bitcoin...
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