Tag Archives: Ethereum ETF

Ethereum has continued to face challenges staying above the $4,000 mark, mirroring the lack of momentum in the broader market. While the investors await for a rally, data suggest a surge in demand for the world’s largest altcoin. Permanent Ethereum Holders Bought Big According to CryptoQuant head of research Julio Moreno’s recent findings, Ethereum’s demand has spiked owing to a significant buying spree by “permanent holders” of the cryptocurrency. In fact, this cohort of...

[unable to retrieve full-text content]CoinspeakerEthereum Price Correction Is Almost Over, Analyst Gives Bullish Call to $10K CrediBULL Crypto says that if Bitcoin price were to reach $100,000 in the near time, than Ethereum too would catch up rallying at least a 3x from the current levels. Ethereum Price Correction Is Almost Over, Analyst Gives Bullish Call to $10K

[unable to retrieve full-text content]CoinspeakerCryptocurrency Adoption Surges in Hong Kong as Brokerages Integrate Virtual Asset Trading To attract more participants, brokerage firms have set a low entry fee of as little as $100. Cryptocurrency Adoption Surges in Hong Kong as Brokerages Integrate Virtual Asset Trading

Bitcoin’s price surged to $70,000 briefly this week but faltered soon after failing to sustain the momentum and took a sharp turn. At the time of writing, the world’s largest cryptocurrency is trading at just over $67,000. Still, with exchange supply dropping to December 2021 lows, data suggest that a bullish reversal could be in the offing. Bitcoin Scarcity on Exchanges According to Santiment’s tweet, bitcoin’s supply on exchanges has reached its lowest since December 2021....

Ethereum witnessed its strongest week in terms of capital inflow since March, with total inflows amounting to $69 million over the past week, as per the latest stats by CoinShares. The latest influx can be attributed to the surprise decision by the US Securities and Exchange (SEC) to allow spot Ether ETFs. As a result, Ethereum’s YTD inflows surged to almost $81 million. The improvement in investment products based on Ethereum had a significant impact on other digital asset...

SEC Chair Gensler has voiced concern over unethical conduct within crypto exchanges, noting that the introduction of spot Ethereum ETFs will require additional time. Gensler’s comments were made during a June 5 interview on CNBC, where he also responded to Jim Cramer’s inquiries about potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum. Gensler Criticizes Crypto Exchanges Gensler stated that while the SEC had approved the associated 19-4b...

Ethereum is seeing a turnaround in sentiment owing to the SEC approval of a spot Ether ETF that is set to go live sometime next month. According to CoinShares’ latest report, Ethereum-based investment products experienced a second consecutive week of inflows marking a reversal from a 10-week outflow streak amounting to $200 million. Over the past week, Ethereum saw $33.5 million in inflows which pushed its monthly inflows upwards of $21 million. Altcoins Follow Ethereum’s...

[unable to retrieve full-text content]CoinspeakerAustralia to Debut First Spot Bitcoin ETF on June 4 Monochrome emphasized that IBTC will be the first and only ETF in Australia to hold Bitcoin (BTC) directly.  Australia to Debut First Spot Bitcoin ETF on June 4

Ethereum’s recent momentum appeared to have slowed down, largely due to the pause in ETF-related excitement. Despite this, there is a significant accumulation trend among large holders a.k.a whales, even as ETH’s price remains below $4,000. Massive Increase in Ethereum Whales According to the latest Glassnode data, shared by popular crypto analyst Ali Martinez, there has been a notable rise in Ethereum addresses holding 10,000 or more ETH. This shift from distribution or...

Last week was memorable for the crypto community. Over four months after it approved similar products for Bitcoin, the United States Securities and Exchange Commission (SEC) gave a green signal to the first wave of spot Ethereum exchange-traded funds (ETFs). According to the latest Bitfinex Alpha report, the crypto market’s reaction to the event was akin to a rollercoaster due to the incidents surrounding the approval. Both bitcoin (BTC) and ether (ETH) experienced...