Hedge funds are gearing up for SEC approval of spot $ETH ETFs, says @Matthew_Sigel of VanEck. Major investors are accumulating ETH, anticipating it could surpass Bitcoin in ETF market size. #Ethereum #CryptoNews
Bitwise updates its S-1 for an Ethereum ETF after SEC feedback. With a $2.5M seed investment and Pantera Capital’s interest in $100M shares, the SEC’s recent approvals mark significant progress. Market sentiment remains mixed. #CryptoETF $ETH
Hashdex and Nasdaq have filed for the first dual #Bitcoin and #Ethereum spot ETF, aiming to directly hold both assets. SEC approval deadline is March 2025. #Updates
Cryptology experts forecast $BTC stabilizing by summer 2024 and $ETH showing a strong trend. Bitcoin trades over $65K and Ethereum above $3.5K, indicating resilience. Key charts hint at potential upward moves. Monitor closely for market shifts. #Update
Ethereum co-founder @VitalikButerin backs TiTok AI’s new image compression, shrinking 256×256-pixel images to 320 bits for efficient onchain storage. This tech, from ByteDance and the University of Munich, speeds up processing by 410 times. #Blockchain #Update
Spot Ethereum ETFs could start trading in the U.S. by July 2, says Bloomberg analyst @EricBalchunas. The SEC has sent minor comments on the filings, suggesting a swift approval process. $ETH price is up 2.5%, now around $3,562.97. #Ethereum #Update
Ethereum and Uniswap prices surged as a wallet linked to Amber Group accumulated $20M in assets, withdrawing 987,053 $UNI and 2,638 $ETH from Binance. This fueled optimism about sustained price movements and strong future prospects. #Update
The launch of spot Ethereum-ETFs is delayed to July 2, 2024, following issuer comments. SEC Chair Gary Gensler expects approval by September 2024. Investor sentiment is strong, showing a 76% chance of approval by July 4. #Ethereum #Update
Since May 27, exchange wallets for $SHIB, $LINK, and $ETH saw holdings drop by 2.4%, 2.9%, and 8.6% respectively. Traders view these reductions as bullish, signaling potential price recoveries. #Update #Cryptocurrency
Permanent ETH holders bought 298,000 $ETH in a single day, the second-largest purchase ever. Despite a 9% correction, on-chain metrics are strong. #Ethereum #CryptoNews
SEC Chair Gary Gensler hints spot $ETH ETFs may get approval by end of September. Applications are under review; scrutiny on Ethereum’s proof-of-stake. #CryptoNews #Ethereum
SEC Chair @GaryGensler hints at possible approval of Ethereum ($ETH) Spot ETFs by end of summer. Potential surge in price seen with past spot filings. #CryptoNews #Ethereum
Ethereum co-founder @VitalikButerin highlights the role of zero-knowledge systems in privacy, identity, and cross-border payments. He contrasts meme coins with core crypto principles driving tech progress. #Crypto #Blockchain
MetaMask, developed by @ConsenSys, launches a new pooled staking service for Ethereum, enabling users to stake any amount of $ETH. Available globally except U.S. and U.K. due to regulations. #Crypto #Updates
