Bitwise CIO Matt Hougan lauds the launch of Spot Ethereum ETFs, with over $200M inflows on day one. These ETFs traded $1.1B, making them the second most successful ETF launches ever. Analysts predict potential ETFs for Solana and XRP by 2025. #CryptoNews #Update
Peter Schiff warns of a new threat to $BTC as Spot $ETH ETFs begin trading in the U.S., potentially shifting market dynamics. Rapid uptake noted with $461M trading volume in the first 90 minutes. BTC at $66K (down 2%), ETH at $3,412 (down 1.4%). #crypto
The crypto market’s reaction to the launch of spot Ethereum ETFs was muted, reflecting cautious sentiment. Analysts from @QCPCapital link this response to the “buy the rumor, sell the news” trend seen with Bitcoin ETFs. Market momentum may shift closer to US elections. #Update #Ethereum $ETH
Spot Ethereum ETFs debut with a $361M trading volume in 90 minutes, ranking in the top 1% of all ETFs. Leading funds: $ETHE $147.8M, $ETHA $71.4M. #CryptoNews
Bitwise (@BitwiseInvest) launched the first U.S. spot $ETH ETF, revealing Ethereum addresses and ENS names for transparency. Trading volume hit $361M within 90 minutes. This sets a new standard for ETF transparency. #CryptoNews
Large Ethereum holders cashed out $747M ahead of spot $ETH ETFs launch in the US, marking the highest profits in 40 days. Long-term holders saw gains soar to $666M. #CryptoNews
? The U.S. launched spot Ethereum ETFs on July 23, 2024, with $112M in trading volume in just 15 minutes. Grayscale Ethereum Trust (ETHE) led with $39.7M. Experts predict $5-6B inflow in a year. Ethereum (ETH) showed resilience. #CryptoNews #Update
First nine U.S. spot Ethereum ETFs launched with SEC approval, debuting with nearly $10.3B AUM. Analysts predict inflows exceeding $20B, potentially boosting $ETH price above $4,878. ETH staking offers 3.3% return. #CryptoNews #Update
VanEck’s Gabor Gurbacs warns about fund concentration risks as 8 of 9 U.S. spot Ethereum ETFs choose Coinbase as custodian. VanEck opts for Gemini, while Fidelity uses self-custody. Experts call for multi-custodian setups to enhance investor safety. #Crypto @Coinbase @Fidelity #Update
Grayscale Investments moved 292,263 ETH ($1.01B) to Coinbase Prime ahead of the Ethereum-ETF launch on July 23, 2024. The ETF is expected to draw $1B monthly. Grayscale also introduced the Ethereum Mini Trust with 0% management fees for 6 months. #CryptoNews
BlackRock’s Ethereum ETF, $ETHA, is now live for trading with a 0.25% sponsor fee and a one-year waiver. Approved by the SEC on July 12, it competes with Grayscale. Investor excitement is high as Ethereum surpasses $3,500. #CryptoNews
Ethereum ETFs launched today on major exchanges, with expected inflows between $1.67B and $2.50B. Analyst Eric Balchunas suggests ETH price could hit $3,740-$4,675 by end of 2024. #EthereumETFs #Update
The @SECGov has approved eight new spot Ethereum ETFs from firms like @Grayscale and @BlackRock. Grayscale’s $ETHE will convert to a spot ETF. Grayscale’s ETH Mini Trust offers lower fees over 10 years compared to BlackRock’s ETHA. #Update
Ethereum ($ETH) remains stable at $3,500 as the SEC approves ETFs from @BlackRock and @InvescoUS. This milestone may influence market dynamics, with potential price dips expected due to ‘buy the rumor, sell the news.’ #Update
