Vanguard keeps investments like Bitcoin and Ethereum ETFs out of its offerings. Its decision is debatable but not new.
The post Bitcoin and Ethereum ETFs still off the table for Vanguard – it’s not surprising appeared first on Crypto Briefing.
Nasdaq has withdrawn the Hashdex Ethereum ETF proposal, a move following the SEC's exclusion of the fund from recent approval.
The post Nasdaq withdraws Hashdex’s proposed Ethereum ETF appeared first on Crypto Briefing.
The post Spot Ethereum ETFs to Boost Long-Term Growth, Says Kaiko appeared first on Coinpedia Fintech News
Kaiko Research reported on May 27 that spot Ethereum ETF approvals will improve the long-term growth of Ethereum despite its short-term headwinds. Additionally, the approval will reduce regulatory uncertainty and treat ETH more as a commodity than a security. Kaiko’s Will Kai highlighted the positive regulatory implications for similar tokens. However, there may be significant …
As the US Securities and Exchange Commission (SEC) approved all the spot Ethereum ETF applications, despite increased regulatory uncertainty surrounding the cryptocurrency, investors are becoming more optimistic about the potential for ETH’s price to reach new heights. Bullish Sentiment Surrounds Ethereum ETF Approval DeFiance Capital Founder and CIO Arthur Cheong predicts that ETH could reach an annual high of $4,500 before the newly approved index funds begin trading, surpassing its mid-March high of $4,096. This projection falls just short of ETH’s all-time high of $4,878 during the 2021 bull run. In addition, a survey conducted by WuBlockchain in the Chinese community revealed that 58% of respondents believe that ETH has the potential to rise to $10,000 or even higher in this market cycle. Related Reading: Kickstarting The Bitcoin Bull Run: Expert Says $70,000 Is The Level To Beat The recent regulatory pivot by the SEC towards approving Ether ETFs has intensified bets on further price gains. In the seven days following the announcement, ETH experienced a 26% surge, marking the largest weekly advance since the 2021 crypto bull market. This development brings hope to speculators, considering the success of US spot Bitcoin ETFs, which have amassed $59 billion in assets since their record-breaking debut in January. However, spot Ethereum ETFs will not participate in staking, earning rewards by pledging tokens to maintain the Ethereum blockchain. This omission could potentially dampen interest in these funds in comparison to holding the tokens directly. Although additional SEC approvals are required before issuers such as BlackRock and Fidelity Investments can launch their products, the timeline for these releases remains uncertain. As of now, ETH is trading around $3,900, with expectations of further upside potential. Options Bets Signal Potential Climb To $5,000 According to a Bloomberg report, analysts such as Pepperstone Group Head of Research Chris Weston believe that pullbacks in ETH are buying opportunities as the risk remains skewed to the upside. Interestingly, as seen in the chart below, some traders are placing bullish options bets, with concentrations signaling a potential climb to $5,000 or more. Furthermore, ETH’s volatility, as indicated by the T3 Ether Volatility Index, is expected to be greater than that of Bitcoin, highlighting the potential for larger price swings in the second-largest digital asset. Related Reading: Ripple CTO Addresses Curious Price Link Between XRP And XLM Insights from the futures market, particularly the level of open interest in Chicago Mercantile Exchange (CME) Ethereum futures, provide evidence of institutional demand for regulated exposure to cryptocurrencies. While open interest in CME Ether futures is growing, it remains significantly lower than that of CME Bitcoin futures. This suggests relatively less institutional exposure to Ether and could potentially impact initial inflows into Ether ETFs. Nevertheless, as the approval of Ethereum ETFs opens up new avenues for investment and speculation, the market is closely watching ETH’s price performance, with bullish sentiment and optimistic predictions prevailing among investors. Featured image from Shutterstock, chart from TradingView.com
Ether price could be on track to new all-time highs, provided it can close the week above the $4,000 mark.
Ethereum exchange-traded funds (ETF) have been the talk of the town – and rightly so – after the United States Securities and Exchange Commission (SEC) approved the listing of the investment products during the week. Meanwhile, the Bitcoin spot ETF market continued its resurgence on one side, marked by a second consecutive week of positive inflows. This streak of positive inflows represents a complete shift from previous weeks when investment activity was dangerously low. However, this recent turnaround reflects a rise in investor confidence over the past two weeks. Bitcoin Spot ETF: $252 Million In Net Inflows In One Day On Friday, May 24, the US Bitcoin spot ETF market saw another day of positive inflows, marking the 10th consecutive day of significant investment into these funds. According to data from SoSoValue, the market recorded a total net inflow of approximately $252 million to close the week. Related Reading: Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval – Key Levels To Watch Breaking this down, BlackRock amassed a substantial percentage of the total daily investment, with the IBIT ETF posting an inflow of $182 million. Grayscale Bitcoin Trust (GBTC), on the other hand, did not attract any capital on Friday, ending the week with zero daily outflows and inflow. Other ETF issuers, such as Fidelity, Bitwise, and ARK Investment, also witnessed impressive inflows on Friday. Most notably, Fidelity’s FBTC came second to BlackRock’s fund after attracting about $43.7 million on the last day of the week. More importantly, this positive inflow day means that the Bitcoin spot ETF market has amassed significant investment every day for the second week in a row. And after the close of Friday’s trading session, the net inflow in the past week stood at an impressive $1.06 billion. This sustained positive trend in terms of capital inflow suggests that investor confidence in Bitcoin ETFs might be back at an all-time high. The last time there was a consistent positive capital inflow into these products, the Bitcoin price rose to a new all-time high. With Ethereum spot ETFs on the brink of trading in the US, crypto exchange-trade products seem to be in fashion at the moment. And they might just be the catalyst that the crypto market – particularly Bitcoin – needs to resume what is left of the bull cycle. Bitcoin Price At A Glance As of this writing, Bitcoin is valued at $68,868, reflecting a 2.5% price increase in the last 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by 3% on the weekly timeframe. Related Reading: Bitcoin Bulls Gain Breathing Room As Long-Term Holder Activity Eases – Glassnode Featured image from iStock, chart from TradingView
The post Why Ethereum ETFs Could Spark the Next Major Altcoin Season? appeared first on Coinpedia Fintech News
News of the U.S. SEC’s approval of Ethereum ETFs set off ripples in the crypto community. At the same time, some famous crypto traders and analysts, including Ash Crypto, Sajad, and Virtual Bacon, shared their opinions regarding the implications of such a move for the wider altcoin market. Why ETH Spot ETF Approval Is Bigger …
The post Spot ETFs and Beyond: Why Ethereum is the Next Big Thing for Institutions appeared first on Coinpedia Fintech News
The recent approval of spot ETFs for Ethereum by the U.S. SEC has catalyzed a change in sentiment, setting up ETH as a potential candidate for institutional adoption. What will follow will be the doors opening to significant institutional investment in cryptocurrency, marking a vital milestone. Lindy Effect and Network Effects Ethereum is an almost …
JPMorgan predicts that the newly approved spot Ethereum exchange-traded funds (ETFs) will likely begin trading before the November US presidential elections, citing crypto’s increasing political significance. This outlook follows the US Securities and Exchange Commission’s (SEC) unexpected approval of eight spot Ethereum ETFs on May 23, marking a notable shift from the previous skepticism surrounding […]
The post JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains appeared first on CryptoSlate.
Ethereum’s (ETH) price has failed to make any significant rally following the Securities and Exchange Commission’s (SEC) approval of the Spot Ethereum ETFs. This is undoubtedly surprising, given that the approval was expected to spark a massive price surge for the second-largest crypto token. Why ETH’s Price Has Failed To Rally Ethereum’s price may have […]
The post Why Ethereum ETFs May Not See the Same Success as Bitcoin ETFs appeared first on Coinpedia Fintech News
Following the news of the approval of Ethereum spot ETFs, Bloomberg Intelligence ETF analyst Eric Balchunas has dampened expectations. Balchunas said he expects Ethereum ETFs to gather just 10-15% of the assets Bitcoin ETFs have accumulated. Institutional Interest Remains Low for Ethereum A string of signs suggests Ethereum’s institutional interest is much weaker than Bitcoin’s. …
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Crypto prices experienced wild swings on Thursday as traders awaited the U.S. regulatory decision to list spot-based Ether ETFs. Ethereum (ETH) declined to $3,500 before surging to around $3,900, and finally stabilizing above $3,800 following the confirmation of the approval. Similarly, Bitcoin (BTC) dropped to the low $66,000s before peaking at $68,300, later stabilizing below …
BlackRock's spot Ethereum ETF, $ETHA, is now listed on DTCC following SEC's approval of multiple Ethereum ETFs.
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A bipartisan group of US lawmakers advised the Securities and Exchange Commission (SEC) in a May 22 letter to approve spot Ethereum exchange-traded funds (ETFs). The letter signatories included Financial Committee Vice Chairman Rep. French Hill, House Majority Whip Tom Emmer, and Representatives Josh Gottheimer, Mike Flood, and Wiley Nickel. Ethereum ETF In the letter […]
The post Bipartisan push for Ethereum ETF gains momentum in Congress appeared first on CryptoSlate.
Regulatory concerns force Ether ETF issuers to abandon staking plans, sparking conflicting community views and discussions on investor appeal.
The post Ethereum ETF S-1 Registration Discussions Begin: SEC Sparks Market Optimism appeared first on Coinpedia Fintech News
The SEC’s upcoming decision on the Ethereum ETF is significant. If approved, it would mean easier access, greater legitimacy, increased liquidity from institutional funds, and clearer regulations. Even if rejected, the consideration itself is positive, suggesting acceptance is on the horizon. So, it’s not a matter of ‘if’ but ‘when’. Let’s hope that ‘when’ is …
Eleanor Terrett revealed that the SEC had started discussions with Ethereum ETF issuers regarding S-1 forms on May 22.
With the SEC expected to decide by May 23 whether to approve or disapprove a spot Ether exchange-traded fund, three asset managers amended their 19b-4 filings.
The SEC’s decision on VanEck’s spot Ether ETF application is due by May 23, and experts believe the recent debate over Ether’s status as a security could hamper its chances.
The post Ethereum ETF Hopes Boost Ether Call Options appeared first on Coinpedia Fintech News
Amid renewed hope in the market over the potential Ethereum ETF approval, ether call options are now more expensive than put options for all expiries, signifying a bullish outlook. Traders are willing to pay more for calls than puts, particularly for options expiring at the end of June and beyond. This indicates a bullish market …
VanEck’s ETF is currently designated inactive on the DTCC website, meaning it cannot be processed until it receives the necessary regulatory approvals
In a significant departure from their previous skeptical stance, US regulators are reportedly leaning toward approving the long-awaited spot Ethereum ETFs for the second-largest cryptocurrency by market capitalization. SEC Staff Signals Spot Ethereum ETFs Approval According to a report by Barron’s, the US Securities and Exchange Commission (SEC) staff communicated to exchanges on Monday that […]
Officials reportedly contacted the Nasdaq, the Chicago Board Options Exchange and the New York Stock Exchange to make updates and changes to existing spot Ether ETF applications.
The post SEC’s Unexpected Move Sparks Ethereum ETF Approval Speculation appeared first on Coinpedia Fintech News
The cryptocurrency space is abuzz with speculation, as the United States Securities and Exchange Commission has asked Nasdaq and CBOE to update their applications for listing spot Ethereum ETFs. This unexpected move might hint that the SEC is on the verge of approving these filings. SEC Calls for Accelerated Updates On Monday, the SEC asked …
The post Grayscale’s Ethereum ETF Approval Looms with Mini Trust Launch appeared first on Coinpedia Fintech News
Grayscale’s Bitcoin Trust witnessed immense outflows over the spot BTC ETF approval, however, a potential Ethereum ETF approval might not turn out to be similar. The chances of a likely approval of Ethereum ETF approval on May 23 is placed at 75% as per Bloomberg analysts. However, Grayscale has announced details about the Grayscale Ethereum …
The post Ethereum ETF Verdict on Horizon: Will Security Concerns Be Looked at? What to Expect from SEC’s Upcoming Decision appeared first on Coinpedia Fintech News
The U.S. SEC is nearing crucial deadlines for decisions on VanEck and ARK’s spot Ethereum exchange-traded fund (ETF) applications, set for May 23 and May 24, respectively. With the SEC approving several spot Bitcoin ETFs in January, speculation is rife that Ethereum ETFs could receive similar treatment. A denial of VanEck’s application may set a …
The post Ethereum Open Interest Reaches $14B High appeared first on Coinpedia Fintech News
Ether futures open interest has hit a record high of $14 billion, signifying increased market activity. Interestingly, this rise in Ether open interest coincides with Ethereum’s price surge to $3,650, an increase of 18% in the last 24 hours. The increased chances of a possible Ethereum ETF approval have fueled this bullish outlook on Ethereum. …
The post Why Could Ethereum ETF Trigger a Larger Crypto Bull Run Than Bitcoin ETF? appeared first on Coinpedia Fintech News
The crypto community is filled with speculation and expectancies as the SEC speeds up the review of Spot Ethereum ETFs. We explained how the approval of Ethereum ETFs would greatly impact Ethereum and the wider crypto market. In May, the crypto market priced in denial and even the possibility of Ethereum being labeled a security. …
The SEC is set to decide on Van Eck's Ethereum ETF by May 23, with market expectations leaning towards rejection amid regulatory uncertainty.
The post Fund managers predict SEC rejection of Ethereum ETFs next week appeared first on Crypto Briefing.
A prominent figure in the crypto space revealed he has sold all his Bitcoin (BTC) holdings in favor of Altcoins. In an X post, the market expert claimed to still have faith in the flagship cryptocurrency and explained what he did and the reasons why. Related Reading: Spot Bitcoin ETFs Record Third Day Of Massive […]