Ethereum’s first week of spot ETFs in the U.S. saw $341M net outflows. Lack of staking feature and Bitcoin’s broader adoption cited. Grayscale’s ETHE lost $1.51B, while BlackRock’s ETHA gained $442M. Analysts predict U.S. elections and interest rate cuts could drive future trends. #Update
ArbitrumDAO considers expanding Orbit Chain beyond Ethereum to Bitcoin, Binance Smart Chain & Cosmos. 99.8% of ARB token votes support the proposal. Voting ends July 31. #Crypto #Blockchain
Ethereum ETFs have launched on major stock exchanges. Notably, Grayscale’s $ETHE saw outflows of $1.5B, while BlackRock’s $ETHA and Fidelity’s $FETH gained $72.9M and $34.3M respectively. Bitwise’s $ETHW debuted with $17M. Ethereum’s price rose 3.07% to $3,265.99. #Update
Bitwise launched a banner for its spot $ETH ETF on the NYSE facade. Debuted on July 23, 2024, the ETF hit $229.04M in AUM in 3 days. Notable market shifts include funds moving from Grayscale’s ETF to Bitwise. #CryptoNews
? Ethereum ETFs debuted in the U.S. on July 23, 2024, with over $1.1B in first-day trading volume. Following Bitcoin ETF success, Ethereum ETFs could capture 30% of the asset split. Wealth managers predict enhanced risk-adjusted returns. #CryptoNews #Update
Ethereum ETFs launched in the U.S. on July 23, 2024, generating over $1.1 billion in trading volume on their first day. This significant milestone follows the success of Bitcoin ETFs, which have seen $17 billion in net inflows since January. Ethereum is viewed as a technology investment, potentially influencing future adoption. The strong demand for Ethereum ETFs suggests growth potential, similar to Bitcoin. This launch enhances the crypto landscape and signifies growing institutional interest in digital assets. Source
The Ethereum Foundation moved 92,500 ETH ($294.9M) to a new wallet for the first time in 6.6 years, drawing attention from the crypto community. Grayscale’s Ether ETF lost $346M, while Black’s and Fidelity’s ETFs saw inflows. Bitwise’s ETF banner went up at the NYSE. #Ethereum #Update
Traders see Ethereum as undervalued post the launch of the first spot ETH ETF, anticipating increased liquidity and potential price surges, reshaping the crypto market landscape.
Franklin Templeton is exploring a spot cryptocurrency ETF based on Solana, following its Ethereum success. This highlights its commitment to innovative investment solutions in the fast-growing digital asset space.
$ETH ETFs may soon get approval from the SEC, making Ethereum investments easier for traditional investors. These ETFs promise market stability but come with risks like volatility and regulatory uncertainties. #Ethereum #Update
Hashdex has applied to the SEC for a spot crypto ETF focused on Bitcoin and Ethereum. If approved by March 2025, it will be the first of its kind in the U.S., offering low fees and diversification. #CryptoNews #ETF @Hashdex
Ethereum spot ETFs launched in the US on July 24, with BlackRock leading a $1.11B first-day trading volume. Ethereum options open interest hit $7.39B. #Crypto #ETH
Bitstamp begins distributing $BTC, $BCH, and $ETH to Mt. Gox creditors, ending a decade-long wait for 20,000 investors. This follows Bitcoin’s rise from $600 in 2014 to about $51,000 today. Over $9 billion in cryptocurrencies are being returned. #CryptoNews
Newly launched Ether ETFs surpassed $1B in trading volume on the first day. Fidelity’s Ethereum Fund ($FETH) led with $71.3M inflows, while Grayscale’s Ethereum Trust ($ETHE) saw $484.9M outflows. Ether closed at $3,486.75. #Update
