The SEC has approved spot-based Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. The approved products include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF, which feature an 80/20 average weighting of Bitcoin and Ethereum but may include other assets in the future. Nasdaq and Cboe BZX filed …
The SEC just made history in the crypto world by approving two first-of-their-kind ETFs: the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These aren’t your typical crypto investments. They combine spot Bitcoin and Ethereum into one package, making it easier—and maybe even safer—for people to invest in the two biggest …
Ethereum spot exchange-traded funds (ETFs) have logged 16 consecutive days of positive daily inflows, renewing optimism for ETH’s potential new all-time high (ATH) in the coming weeks. However, for ETH to reach this milestone, it must surpass the critical resistance level of $4,000. Ethereum Spot ETFs Attracting Consistent Inflows According to data from SoSoValue, Ethereum spot ETF inflows have remained consistently positive since November 22. The cumulative net inflows total $2.32 billion, with a significant $1.5 billion added between November 22 and December 16 alone. Related Reading: Ethereum Finally Set For A New All-Time High? Here’s What Analysts Say Breaking it down by weekly inflows, the week ending December 13 saw net inflows of $854.85 million, closely followed by $836.69 million during the week ending December 6. Moreover, the total net assets held by Ethereum ETFs have climbed to $14.28 billion, which represents approximately 2.93% of ETH’s total circulating supply. Grayscale’s Ethereum Trust (ETHE) ranks as the largest holder with $5.87 billion in net assets, followed by Blackrock’s iShares Ethereum Trust (ETHA) with $4.02 billion. These strong inflows into Ethereum ETFs have bolstered bullish sentiment, with Ethereum bulls anticipating a possible rally to a new ATH for the second-largest cryptocurrency by market cap. Crypto analyst Momin Saqib took X to share his thoughts on ETH price action. The analyst noted that ETH looks poised to break through the local highs of the $4,000 range and is eyeing the $4,500 price level. He added: Ethereum inflows have been coming in non-stop for the last few weeks! After seeing $BTC at $107K…. I think institutions don’t have much options left to bet on higher upside of crypto industry! Higher! Looking at Ethereum’s weekly chart, the digital asset has made four significant attempts to break through the $4,000 resistance level. While it briefly surpassed this level during its second attempt, creating its current ATH of $4,878, it ultimately proved to be a false breakout, followed by a prolonged bear market over the next two years. Analyst Rekt Capital noted that ETH’s post-breakout retest of the $3,100 price level was successful, propelling the cryptocurrency back into the $4,000 zone. They highlighted that ETH has held above the $4,000 zone as support for the second consecutive week, a key development that could pave the way for further upward momentum. Despite The Potential Upside, ETH Traders Remain Cautious While strengthening fundamentals, bullish technical indicators, and persistent ETF inflows paint a positive picture for Ethereum, some analysts remain cautiously optimistic about ETH’s short-term price action. Related Reading: Ethereum Crosses $3,800: Is The ‘God Candle’ Nearing? Analysts Weigh In For instance, analyst CryptoBullet emphasized that ETH may see a quick wick to $3,700 before rebounding. The analyst added that ETH’s ability to hold above key resistance levels indicates its strong bullish momentum. Another factor potentially dampening short-term optimism is Justin Sun, founder of Tron (TRX), who recently unstaked $208 million worth of ETH from Lido Finance. This move has raised concerns about potential selling pressure. ETH trades at $3,947 at press time, down 0.2% in the past 24 hours. Featured image from Unsplash, Charts from SoSoValue, X and TradingView.com
Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.
An official in the US state of Alabama produced a litany of benefits a state Bitcoin reserve could bring.
The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF.
Ethereum (ETH) now offers an attractive risk-reward ratio, according to analysts at research and brokerage firm Bernstein. Despite underperforming compared to other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP for most of 2024, Ethereum’s strong fundamentals may set the stage for a potential rally. Why Is Ethereum Struggling? Bernstein Analysts Explain Ethereum, the second-largest cryptocurrency with a market cap exceeding $430 billion, may be on the verge of significant positive price action. Bernstein analysts suggest that ETH’s fundamentals remain strong despite its underperformance, making it an appealing investment opportunity. To put Ethereum’s performance into perspective, on a year-to-date (YTD) basis, Bitcoin and Solana have surged 125% and 122%, respectively, while ETH has only managed a 57% increase. In a client note shared today, analysts led by Gautam Chhugani highlighted several factors contributing to Ethereum’s struggles. One issue is that ETH has not established itself as a store of value to the same extent as BTC. Additionally, the leading smart contract platform faces increasing competition from low-latency Layer 1 blockchains such as Solana, Sui, and Aptos. Related Reading: Ethereum Accumulation Rises As 70% Holders Are In Profit: What It Means For ETH Price? The note also pointed out that Ethereum’s reliance on Layer 2 blockchains, including Optimism, Arbitrum, and Base, often redirects users away from Ethereum’s main chain. This hampers user retention and limits transaction fee growth, creating a headwind for ETH’s price momentum. Is Now The Right Time To Buy ETH? Bernstein analysts argue that Ethereum’s outlook could improve substantially, particularly in light of Republican presidential candidate Donald Trump’s recent election victory. Following Trump’s win, the total cryptocurrency market cap has surged over 45%, surpassing $3.5 trillion. Ethereum has been one of the biggest beneficiaries of this rally, gaining 46% since the election compared to Bitcoin’s 41% and Solana’s 36%. The analysts also noted key developments that could support Ethereum’s growth moving forward. They highlighted the increasing likelihood of staking yield approval in Ethereum exchange-traded funds (ETFs) under a Trump-led, crypto-friendly Securities and Exchange Commission (SEC). The analysts explained: We believe, under a new Trump 2.0 crypto-friendly SEC, ETH staking yield will likely be approved. The analysts added that Ethereum’s current yield rate of 3% could increase to as high as 4% to 5%, which could be an attractive yield rate for investors in a declining interest rate environment. Further, the recently observed growth in Ethereum ETFs in the form of higher inflows could benefit ETH. Although ETH ETFs had a lukewarm launch, they have recently outperformed Bitcoin ETFs in daily inflows. For instance, on November 29, spot ETH ETFs in the US attracted $332.9 million in inflows, compared to $320 million for Bitcoin ETFs. Related Reading: Ethereum Spot ETFs Attract Record $295 Million Daily Inflows – Is ETH Set For New Highs? In addition, Ethereum’s transition to a proof-of-stake (PoS) consensus algorithm in September 2023 and the protocol’s burn mechanism have stabilized ETH’s total supply around 120 million. Of these, about 28% is tied in staking contracts while roughly 10% is in lending protocols or Layer 2 bridges. With a high proportion – close to 60% – of total ETH supply unmoved in the past year, the analysts at Bernstein believe the digital asset might benefit from favourable demand-supply dynamics. At press time, ETH trades at $3,644, down 1.8% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
Investors are shifting gears, pouring record funds into spot Ether ETFs and showing increased confidence in Ethereum’s potential. On November 29, spot Ether ETFs brought in a jaw-dropping $332.92 million in daily inflows, blowing past Bitcoin ETFs for the first time. It wasn’t even close. This milestone shows how Ether is not just a “second-best” …
The crypto markets are about to enter the final phase of the year, where the volatility is expected to spike heavily. As a result, the majority of the cryptos, specifically altcoins, are trying to rise above their pivotal resistance, which may further assist them in marking new highs during the upcoming bull run. Moreover, the …
The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times.
With Donald Trump’s election, a crypto-friendly regulator may replace SEC Chair Gensler, opening the door for staking rewards on spot ETH ETFs.
It adds to Bitwise's roster of European staking ETPs. Staking is still prohibited in ETPs listed in the United States.
Spot Ethereum ETFs in the U.S. just recorded their largest inflows in six weeks fueled by Donald Trump’s election win and a recent Fed rate cut. On November 8, these nine spot ETFs received a net inflow of $85.9 million. This marks a renewed interest in Ether ETFs, reversing weeks of outflows. Market experts now …
Navigating the ever-changing crypto market can be challenging for investors, who often descend into the depths of the industry without any guidance. Some have taken on the task of developing tools to help traders steer their strategies and try to maximize their portfolio’s performance. 3Commas, a crypto trading bot automated platform, is one of those […]
Staking could significantly boost the flow of investments into US-traded Ethereum exchange-traded funds (ETFs), according to Tom Wan, a former crypto analyst with 21.co. On Nov. 7, Wan pointed out that staking could help the funds reduce management fees, increase the overall amount of Ethereum staked, and provide more substantial incentives for investors. Wan noted […]
The post Staking could lower fees and boost interest in Ethereum ETFs, analyst claims appeared first on CryptoSlate.
More Ether-related ETFs could help ETH prices rise above the old all-time high of $4,800, recorded nearly three years ago.
On Monday, the State of Michigan revealed substantial investments in cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the US Securities and Exchange Commission (SEC). This strategic move marks a significant step for institutional investment in digital assets, as the Michigan Retirement System manages approximately $144 million in pension fund […]
The "mini" trusts spun off from Grayscale's legacy Bitcoin and Ether funds in July.
In a recent move to boost the growth of crypto investment products in Japan, a coalition of Japanese companies has recommended that any upcoming exchange-traded funds (ETFs) in the region should focus on Bitcoin (BTC) and Ethereum (ETH). This recommendation comes as Japan debates whether to follow the US and other nations that have already […]
In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
Significant outflows from US Ethereum ETFs highlight investor uncertainty and may impact the broader cryptocurrency market's stability.
The post US Ethereum ETFs see largest single-day loss since late July as Grayscale Trust sheds $80 million appeared first on Crypto Briefing.
Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.
It would be the first time crypto ETF shares that could be traded after-hours in the US.
The asset manager has expanded its portfolio of crypto-based products in Brazil with the debut of the recently launched iShares Ethereum Trust through a depositary receipt.
VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel.
The acquisition adds nine European-listed crypto ETPs to Bitwise’s portfolio and raises its assets under management to over $4.5 billion.
The last time this whale address bought the dip, was just before Ether rose from $2,100 to $3,100.
The US Securities and Exchange Commission (SEC) has announced the postponement of the approval decision on a dual crypto spot ETF by Brazilian asset manager Hashdex. This development comes in view of a critical deadline in the approval process of the proposed investment fund. Related Reading: BREAKING: Spot Ethereum ETFs Get SEC Nod, Debut Set […]
If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.
The NYSE American has asked the SEC for approval for it to list and trade options for three Ether ETFs from Bitwise and Grayscale.