Ether ETFs will only be a ‘sidekick’ to Bitcoin ETFs: Bloomberg analyst
Inflows from the Ether ETF launch may disappoint compared to the record-breaking inflows generated by the launch of the U.S. spot Bitcoin ETFs Go to Source
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Whale 0x4a2 Makes A Comeback, Swaps 10B PEPE For 32.73 ETH After 10-Month Hiatus
After a 10-month period of inactivity, the cryptocurrency whale known as 0x4a2 (“dimethyltryptamine.eth”) has returned to the market. The whale recently swapped 10 billion PEPE tokens, valued at $112,000, for 32.73 ETH at a price of $0.0000112118 per token. This move is notable as 0x4a2 was among the earliest adopters of PEPE, having begun trading … Read more
Bitcoin Surges Above Key Support Level Amid Rising Demand
Bitcoin has reclaimed a crucial support level, indicating strong demand in the current price range. Of the addresses active in the past 24 hours, 237,000 have acquired Bitcoin between $61,000 and $62,600, highlighting the significant buying interest at these levels. Bitcoin is back above a crucial support level👇 Of the addresses active in the past … Read more
Ethereum Technical Analysis: ETH Surges Northbound Ahead of Anticipated ETF Listings
On July 1, 2024, at 8 a.m. EDT, ethereum is trading for $3,457, with an intraday price range between $3,374 and $3,514. The 24-hour trading volume reached $10.35 billion, contributing to a market capitalization of $415 billion on Monday morning. Ethereum The ETH/USD 1-hour chart highlights a strong uptrend originating around $3,348. The sharp rise … Read more
Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review
Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary … Read more
Whale Converts $PEPE To $ETH Amid Positive SEC Developments For Ethereum Spot ETF
In recent activity, the whale identified as 0x837 has made significant moves in the cryptocurrency market. Two days ago, he deposited his last 300 billion $PEPE tokens, valued at approximately $3.85 million, into Binance. This whale has since converted all his $PEPE holdings into $ETH. Just three hours ago, he withdrew 1,728 $ETH, worth about … Read more
Ethereum spot ETFs could attract $15B by end of 2025 — Bitwise CIO
The launch of spot Ethereum ETFs could trigger massive capital inflows into the market, according to Bitwise CIO Matt Hougan. Go to Source
SEC Chair Gensler: Spot Ethereum ETF Approval Process ‘Going Smoothly’
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the spot ethereum exchange-traded fund (ETF) approval process is “going smoothly.” He stressed that “it’s really about the asset managers making the full disclosure so that those registration statements can go effective.” SEC Chair Gensler on Spot Ethereum ETF Approval U.S. Securities and Exchange … Read more
Ethereum ETF process is ‘going smoothly,’ says SEC’s Gensler
SEC Chair Gary Gensler didn’t comment on when his agency would approve Ether ETFs for trading, but analysts predict it could be as soon as next week. Go to Source
Bernstein Predicts Lukewarm Demand for US Spot Ethereum ETFs
Market strategists from the brokerage firm Bernstein stated on Monday that U.S. spot ethereum exchange-traded funds (ETFs) might not attract the same demand as their bitcoin counterparts did this year. Analysts from the financial firm pointed out that the absence of staking could be a drawback, resulting in less spot conversion. Bernstein Analysts Highlight Tokenization … Read more