Ethereum’s supply grew by 112,000 ETH since April 14, 2024, post-Dencun update. This reverses the deflationary trend from The Merge. Currently trading at $3,370, ETH saw a 0.82% dip in 24 hours with a $4.4B volume. #CryptoUpdate #Ethereum $ETH
The imminent approval of the U.S. Spot Ethereum ETF could see trading start by July 2. Experts forecast a $2.8 billion investment, about 15-20% of Bitcoin ETFs. $ETH is up 1%, now at $3,387.68. #Update #EthereumETF
VanEck has updated its SEC application for a spot Ethereum ETF, aiming to launch next week with no management fees until 2025 or $1.5B in assets. Analysts see a 76% approval chance by July 4. This move could influence $ETH network activity. #Update #CryptoETF
VanEck launches zero-fee spot Ethereum ETF on July 2 until AUM hits $1.5B or late 2025. This bold move positions them as a leader in crypto ETFs, aiming to boost interest in Ethereum and DeFi projects like Aave and Curve. #Ethereum #Update
VanEck files Form 8-A for a spot Ethereum ETF, potentially trading by July 2. This signals growing institutional interest in $ETH and could stabilize the crypto market. Over 80% of initial spot ETF investments were from retail. #Update
Bernstein analysts predict lower demand for Ethereum-ETFs compared to Bitcoin-ETFs due to the lack of staking features. Regulatory improvements post-2024 U.S. elections and increased institutional adoption could drive the cryptocurrency ETF market to $450B. #Update #Crypto $ETH $BTC
The Ethereum Foundation’s mailing list was compromised on June 23, 2024, leading to phishing attacks. Tim Beiko reported the breach. A vulnerability in SendPulse is suspected. The Foundation regained control quickly. This highlights ongoing security threats in crypto. #CryptoSecurity
Bitcoin faces heavy selling pressure, dropping over 15% since peaking at $72,000. Analysts like @rektfencer predict a rebound, citing post-halving consolidation and potential catalysts like the US election. Altcoins $ETH and $SOL could also gain. #Update
Institutional investors sold $BTC and $ETH worth $690M amid a market crash, with increased interest in $XRP and $SOL. The move signifies a shift towards altcoins as Bitcoin fell below $61K and Ethereum under $3.3K. #Update
Ethereum ($ETH) sees major whale activity as 9,000 ETH ($33.4M) moved to Coinbase amidst price dip. Active addresses hit 3-month high, indicating potential price recovery. Spot Ethereum ETF filings by @BlackRock and Fidelity could attract institutional investment. #Update
Ethereum shows resilience above $3,400 amid market downturn. Active addresses hit 3-month high at 617,170. ETH/BTC ratio strong above 0.05 BTC. Major firms file for Ethereum ETFs, and @StanChart opens crypto trading desk. #Update $ETH
YieldMax files with the SEC to launch an Ether Option Income Strategy ETF on NYSE Arca, using a synthetic covered call strategy. Managed by Tidal Investments and sub-advised by ZEGA Financial. Awaiting SEC’s decision on Spot Ethereum ETFs. #CryptoNews
Six firms, including @FTI_US and @VanEck_US, submitted amended applications to the SEC for spot Ethereum ETFs. Franklin Templeton and VanEck disclosed management fees of 0.19% and 0.2%. BlackRock leads with a $10M initial investment. #Ethereum #Update
Eight firms, including @BlackRock, have submitted S-1 amendments for Spot Ethereum ETFs, awaiting SEC approval. Franklin Templeton and VanEck set fees at 0.19% and 0.20%. Launch anticipated on July 2. #Crypto #Update
