Steno predicts Bitcoin at $150,000 and Ether at $8,000, setting the stage for an altcoin season in 2025.
They still lag BTC ETFs, which closed out 2024 with upwards of $35 billion in net inflows.
The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.
The monthly record in ETF inflows was insufficient to lift Ether's price past the $3,500 resistance, which would trigger over $1 billion worth of leveraged short liquidations.
US spot Bitcoin ETFs have notched a positive net inflow nearing half a billion after four trading days which bled over $1.5 billion.
On December 23, US spot Bitcoin (BTC) exchange-traded funds (ETFs) experienced significant outflows totalling $226 million, while Ethereum ETFs saw inflows of $130 million. The stark contrast in net flows between these two ETFs has sparked discussions among crypto analysts about whether an altcoin season might be on the horizon. Capital Flow Pivots From Bitcoin […]
The ETF, which Grayscale spun off from its older Grayscale Bitcoin Trust, now holds around $4 billion in assets.
The research firm considers ETH an attractive investment opportunity, citing rising investor interest relative to Bitcoin.
Bitcoin remaining range-bound below $100,000 may be a net positive for Ether’s price and invite more investment in the world’s second-largest cryptocurrency.
Investor interest in the spot Ethereum ETFs (exchange-traded funds) appeared to have waned after failing to register a net inflow day for six consecutive days. However, the cryptocurrency products ended the week on a high with a substantial capital influx on Friday, November 22. This capital inflow represents a shift in investor sentiment, which has not particularly been positive over the past few days. Nonetheless, the market would be hoping that this newly found momentum would persist and perhaps also trigger some bullish action for the ETH price. Can Ethereum ETFs Ensure ETH’s Price Recovery? According to the latest data from SoSoValue, the United States-based spot Ethereum ETFs witnessed a net inflow of $91.21 million on Friday. This positive single-day performance represents the first net inflow for the exchange-traded funds since November 13. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Jump To $99,000, But His Prediction Is Not Done Market data shows that a significant portion of the inflows came from BlackRock’s iShares Ethereum Trust (with the ticker ETHA). The crypto product registered around $99.7 million in total daily inflows to close the previous week. Fidelity’s Ethereum Fund (with the ticker FETH) and Bitwise’s Ether ETF (ETHW) were the only other products to post capital inflows on Friday, recording $5.76 million and $4.96 million, respectively. Grayscale’s ETHE and ETH registered outflows of over $18.5 million and $621,000, respectively. As earlier mentioned, Friday’s performance represents a return to positive inflows for the Ethereum ETFs. Prior to this showing, the crypto products posted six consecutive outflow days, draining a cumulative total of $225.6 million within this period. The price of ETH, which initially seemed to have found its footing, also slowed down during this period of the Ethereum ETFs outflow. This trend highlights the significant influence of the exchange-traded funds on price action — both for the world’s largest cryptocurrency Bitcoin and Ethereum. With the fortunes of the US-based Ethereum ETFs seemingly turning around, the price of ETH has also taken an upward swing in the last couple of days. Investors will be hoping that the positive momentum for the Ethereum ETFs continues and translates into the altcoin’s price. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $3,423, reflecting a 2.1% increase in the past day. The altcoin is up by more than 9% on the weekly timeframe, according to data from CoinGecko. Related Reading: Bitcoin Price Mirrors 2017 Pattern, Is The Top Only 2 Weeks Away After Hitting $100,000? Featured image created by Dall-E, chart from TradingView
The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times.
It adds to Bitwise's roster of European staking ETPs. Staking is still prohibited in ETPs listed in the United States.
Ethereum’s market cap tops Bank of America, while the SEC weighs spot ETH ETF options and DeFi gains traction.
They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.
Trump’s presidential victory inspired a new wave of optimism, including predictions for an imminent Ether rally to $3,200 and hopes for a reform of the US SEC.
Trump’s election victory has inspired more optimism among crypto analysts, with some expecting Bitcoin to breach $100,000 before the end of 2024, boosting Ether’s price along the way.
More Ether-related ETFs could help ETH prices rise above the old all-time high of $4,800, recorded nearly three years ago.
The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.
On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Related Reading: Neiro Breaks Above Key Level Following 10% Weekly Drop, Is $0.0020 Next? Ethereum Retests $2,700 Ethereum surged above a key resistance level on Wednesday morning as most of the crypto market soared. The cryptocurrency rallied 3.1% toward the $2,700 horizontal level, hitting the $2,722 mark before retracing to $2,710. Over the past week, ETH hovered between the $2,430-$2,650 range after failing to hold its support. This performance worried many investors and market watchers, who have heavily criticized the crypto’s price action throughout the year. However, today’s jump represents a 5.6% increase in the weekly timeframe, which sparked a bullish sentiment among the community. Crypto trader CRG noted that Ethereum is testing a support level in its trading pair against Bitcoin (BTC) in a higher timeframe (HTF). Per the chart, ETH/BTC is retesting an HTF support at the 0.0377 level. The 0.023-0.040 zone was a crucial area between 2020 and 2021, with ETH’s all-time high rally starting after breaking above the upper line of this range. The trader suggested that Ethereum’s surge would be short-lived as the “King of Altcoins” has had a “disappointing” performance despite the spot ETH exchange-traded funds (ETF) approval. “ETH is like the toxic ex-gf that keeps you going back,” he jokingly stated. Similarly, crypto analyst Michaël van de Poppe remarked that it’s time to be bullish on ETH, suggesting that there’s a “massive bullish divergence” in the one-day timeframe of the ETH/BTC chart, while it was “popping up” in the three-day timeframe. Van de Poppe pointed out that the 0.051 area is the crucial zone for a trend reversal. ETH To Hit $3,000 In Two Weeks? Various crypto analysts have set the $2,800 resistance level as the next crucial zone if Ethereum successfully reclaims the $2,700 mark. Analyst Crypto Yapper pointed out that ETH has registered five consecutive green daily candles since bouncing from last week’s lows. To the analyst, if ETH breaks above the $2,800 horizontal level, the cryptocurrency will rally toward the $3,000 resistance level and potentially kickstart the altcoin season. Similarly, van de Poppe suggested that Ethereum will break above the crucial horizontal level in the next two weeks, as it took the liquidity at the $2,450 level and “ran back up to resistance.” According to the analyst, this could propel ETH’s price to $3,000 in November. Related Reading: Bitcoin Volatility To Peak By November 8 As ‘Trump Trade’ Intensifies – Report ETH has been rejected from the $2,700 resistance level, hovering between the $2,680-$2,690 price range for the past hour. As of this writing, the cryptocurrency trades at $2,693, a 1.4% and 3.3% increase in the daily and monthly timeframes. Nonetheless, it’s worth noting that the crypto market might continue facing high volatility over the next few days as speculation increases ahead of the US presidential elections. Featured Image from Unsplash.com, Chart from TradingView.com
The "mini" trusts spun off from Grayscale's legacy Bitcoin and Ether funds in July.
Ethereum (ETH) continues to perform poorly against Bitcoin (BTC) as the second-largest digital asset by reported market cap hit new multi-year lows against the top cryptocurrency. Ethereum Continues To Underperform Against Bitcoin Today, Ethereum’s native ETH token slid further against BTC, recording a low of 0.0365 and erasing all its gains against Bitcoin since April […]
In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
The US Ether ETFs generated over $420 million worth of selling pressure for the world's second-largest cryptocurrency.
The US Ether ETFs generated over $420 million worth of selling pressure for the world's second-largest cryptocurrency.
The NYSE American has asked the SEC for approval for it to list and trade options for three Ether ETFs from Bitwise and Grayscale.
Ethereum spot exchange-traded funds (ETFs) that debuted in the US last week have taken the cryptocurrency market at large by storm with considerable inflows into these products. According to a recent report by CoinShares, the advent of these spot ETFs has attracted $2.2 billion, marking a pivotal moment for Ethereum and its investors. Related Reading: […]
The crypto industry seems excited and expectant following the US Securities and Exchange Commission (SEC)’s final approval of spot Ethereum Exchange-Traded Funds (ETFs). As investors await the official launch of the investment product, many have discussed the implications of today’s debut. Related Reading: Profit from the Dip: Hong Kong To Debut Asia’s First Inverse Bitcoin […]
Ether price could double during the 2025 bull cycle, thanks to increased institutional interest introduced by ETH ETFs, according to Bybit’s head of institutions.
While the crypto investment sector has experienced significant outflows in recent weeks, the reverse has now been the case, with combined inflows reaching $441 million in the past week alone. This follows three consecutive weeks of net outflows ramping up concerns over investor confidence. As reported by CoinShares head of research James Butterfill, the inflow […]
The price of Ethereum could be bolstered by inflows into upcoming U.S. spot ETFs, while Bitcoin faces headwinds from Mt. Gox creditor repayments.