In a notable development, BlackRock, one of the world’s largest asset managers and ETF issuers, has collaborated with the Nasdaq Stock Market in a move to introduce options for its Ethereum ETF recently approved by US regulators. 2025 Decision On Ethereum ETF Options Proposal The filing with the US Securities and Exchange Commission (SEC) outlines BlackRock’s proposal to amend Options 4, Section 3 to allow for options trading on the iShares Ethereum ETF Trust. Related Reading: 3 Reasons To Buy XRP Now: Crypto Analyst Shares Bullish Forecast Per the filling, if approved, options on the Trust will adhere to the Exchange’s existing rules for ETF options trading. These rules govern various aspects such as listing criteria, expirations, exercise prices, margin requirements, and trading halt procedures, ensuring a standardized approach to trading options on the Trust. The filling further reads: ….The Exchange believes that offering options on the Trust for trading on the Exchange will promote competition by providing investors with an additional, relatively low-cost means to hedge their portfolios and meet their investment needs in connection with spot ether prices and ether related products and positions However, Bloomberg ETF expert James Seyffart noted that the introduction of options on BlackRock’s Ethereum ETF is subject to regulatory approval not only from the SEC, but also from the Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC). Seyffart expects a final decision from the SEC around April 9, 2025. Key Levels To Watch For ETH’s Price This development, if approved by the SEC, would give investors further exposure to the second largest cryptocurrency on the market. However, in the near term, ETH needs bullish catalysts to break out of the downtrend witnessed especially on Monday, when the token retraced over 20% following global economic uncertainties and increased selling pressure. Related Reading: Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High At the time of writing, ETH is trading at $2,488, up 1.8% over the past 24 hours, after plunging to a low of $2,112, a level not seen since January 2023 on Monday. This level is key as crypto analyst Trading Tank, in a recent social media post on X (formerly Twitter), claims that as long as ETH remains above $2,400, further price recovery could be seen in the near future for the second largest cryptocurrency on the market. Trading Tank also highlighted the $2,575 level as crucial for another leg higher to test its first resistance to climb to higher levels at $2,690 on the ETH/USDT daily chart. In the scenario in which ETH could breach this barrier, the next hurdle to watch is noted by the $2,910 resistance level, which is imperative to reclaim the $3,000 milestone. Featured image from DALL-E, chart from TradingView.com
According to Bloomberg, a wallet linked to a major cryptocurrency heist two years ago swapped $39.75 million worth of the stablecoin DAI to scoop up 16,892 Ethereum (ETH) as the second-largest cryptocurrency plummeted by as much as 23% on Monday. Crypto Hacker Exploits Ethereum Crash Per the report, the hacker behind the 2022 attack on […]
Positive ETF flows may stabilize Ethereum's price, potentially reversing recent declines and mirroring Bitcoin's post-ETF launch recovery.
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Galaxy launched a $113 million crypto fund on the week of the debut of the first spot Ether ETFs in the US. Nansen has also launched the industry’s first Ether ETF analytics dashboard.
Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news’ event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from here, according to an analysis from Matrixport. Spot Ethereum ETFs Triggers Selling Following the launch of the Spot Ethereum ETFs, there was a lot of excitement in the market, especially around the fact that investors could now gain exposure to ETH without having to directly buy the underlying token. However, this excitement has been short-lived as days after the launch, the ETH price continues to struggle. Related Reading: End Of The Road? Shiba Inu’s Shibarium Sees Massive 80.3% Crash In Active Accounts In a report released on Thursday, Markus Thielen, Head of Research at Matrixport, outlined a number of reasons why the ETH price was declining. As Thielen explains, while the inflows crossed $100 million on the first day, the Grayscale Ethereum fund had been suffering outflows. Just like with the Spot Bitcoin ETFs launch, the Grayscale ETH fund, which holds around $9 billion in ETH, began recording outflows. This is due to the fact that Grayscale’s management fees remain high with competitors offering fees as low as 0.19%. On the first day alone, $481 million flowed out of the fund, and $326 million followed the next day. In addition to this, the Mt. Gox distributions began around the time of the Spot Ethereum ETFs launch, so this even also put extra selling pressure on the crypto market. Just as the Bitcoin price did with the Spot Bitcoin ETFs, the ETH price has responded negatively to these outflows, leading to a price decline below $4,200. Will The ETH Price Recover From Here? Outflows from the Grayscale ETH fund since the launch of the Spot Ethereum ETFs have been one of the major factors driving the ETH price decline. However, it is not the only bearish development that has emerged for the cryptocurrency. Thielen points out that the ETH price may have reached the top, using the daily stochastics indicator as a guide. Now, when the value of this indicator is low, it often means a buying opportunity and the price is hitting a low. Meanwhile, the value being high suggests that the ETH price may have hit its top. Related Reading: Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First According to the report, the ETH price had hit a score of 92% in the days leading up to the Spot Ethereum ETFs launch. Usually, a score above 90% is bearish for the price as it means the cryptocurrency is currently in overbought territory. Subsequently, the value of the stochastic indicator is expected to decline as investors offload their holdings. So far, there have been a 5% decline from 92% to 87%, suggesting that there is still a long way to go before the ETH price stops bleeding. “Considering the recent rally and the potential overhang from Mt. Gox, the US earnings season, and the weak seasonals for August and September, it might make sense to press the Ethereum short a bit longer,” Markus Thielen said in closing. Featured image created with Dall.E, chart from Tradingview.com
Most Ether ETFs were in the green during the Wednesday U.S. trading session, but Grayscale's converted Ethereum Trust ETF posted a net outflow of over $800 million.
The rapid outflows from US Ethereum spot ETFs highlight investor volatility and potential instability in the cryptocurrency market.
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Spot Ethereum ETFs recorded a robust trading debut in the US on July 24 after months of speculation and regulatory uncertainty. The ETFs recorded an impressive volume of $1.11 billion on the first trading day, led by BlackRock’s $266.5 million inflows. Within the first 90 minutes of trading, ETH ETFs recorded $361 in trading volume, […]
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Analysts worry ETH will prove a harder sell than BTC to traditional investors.
As Bitcoiners descend on Nashville for a big annual conference, we're covering robust demand for new Ethereum spot exchange-traded funds (ETFs) and recapping the $230 million WazirX hack.
Franklin Templeton will keep exploring more assets to back new spot cryptocurrency ETFs, including those based on Solana.
BlackRock's iShares Ethereum Trust led with $266 million in net inflows as spot Ethereum funds made a strong debut in the US market.
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The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust.
Bitcoin price could reach above the $88,000 mark by September, driven by continued Bitcoin ETF inflows.
Analyst Eric Balchunas says that initial inflows into the Ethereum ETFs accounted for roughly 50% of Bitcoin ETF inflows on day one.
Ethereum ETFs (exchange-traded funds) began trading on Tuesday, generating significant volume within the first 2 hours of trading. Interestingly, the Ethereum ETFs ranked among the top 1% regarding ETF volume. Related Reading: Analyst Says Solana Price Will Surge 1,000% To $1,800, Here’s When Ethereum ETFs Surpass Traditional Launch Volumes According to Bloomberg ETF expert Eric Balchunas, the ETH ETFs traded $361 million in the first 90 minutes on launch day, surpassing the typical volume seen at the launch of traditional ETFs. Blachunas said: Here’s where we at after 90 minutes. $361m total. As a group that number would rank them about 15th overall in ETF volume (about what $TLT and $EEM trade), which is Top 1%. But again compared to a normal ETF launch, which rarely see more than $1m on Day One, all of them have cleared that number and then some. Matthew Sigel, head of digital asset research at asset manager VanEck, highlighted the significance of these figures in the first hours of trading, noting that Ethereum ETFs saw more than 50% of trading volume compared to Bitcoin’s $610 million on day one, indicating strong investor interest in Ethereum. However, how these numbers will fare at the close remains to be seen. Bitcoin ETFs saw $4.6 billion in volume on their first day of trading in January, which may indicate the future performance of these newly approved index funds for the second-largest cryptocurrency on the market. ETH’s Price Targets Soar Crypto analyst Doctor Profit shared a report highlighting a potentially massive parabolic move for Ethereum’s price this year in the wake of the expected inflows in the new Ethereum ETF market. While some anticipate a correction due to the “sell the news” phenomenon, Doctor Profit argues that the market has already factored in the ETF launch but has yet to consider the significant inflows of USD that will flood into the Ethereum ETFs. With Ethereum’s market cap being three times smaller than Bitcoin’s, Doctor Profit believes that every dollar invested in ETH is expected to have three times the price impact compared to Bitcoin, positioning Ethereum favorably for substantial price gains. Furthermore, the analyst contends that while Ethereum’s Grayscale ETH Fund sell pressure is comparable to the Bitcoin ETF launch, the impact is expected to be less severe. Related Reading: Helium (HNT) Rockets In Value With 41% Rally – Here’s Why Looking ahead, Doctor Profit has set expected price targets for Ethereum in the coming months, including a potential target between $4,500 and $5,500 by Q3 2024, indicating steady but modest growth. Moving into Q4 2024 and Q1 2025, the price range is expected to expand from $5,500 to $8,000. However, it is in Q2 2025 that Ethereum is expected to significantly jump, with price targets ranging from $8,000 to $14,000. At the time of writing, ETH is trading at $3,444, showing sideways movement with no significant change from yesterday’s price, despite the hype surrounding the launch of the ETF market. Featured image from DALL-E, chart from TradingView.com
The market has been gearing up for volatility before the launch of spot ETH ETFs in the US today. While ETH’s price action has been relatively uninteresting in the past few weeks, it seems that large holders are expecting price swings and are rushing to cash out. Glassnode’s data on realized profit for Ethereum holders […]
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The much-awaited launch of the spot Ethereum ETF is just a few moments away from now. While the broader market condition is pretty shaky due to the Mt. Gox fear, Ethereum & ETH-based tokens have been displaying significant strength. Therefore, these tokens are believed to trigger a strong ascending trend as soon as the Ethereum …
With the Spot Ethereum ETFs expected to begin trading on Tuesday, July 23, expectations for the ETH price have shot up drastically. Numerous analysts and market experts have come forward to predict that it would be a great development for the ETH price, pushing it to new all-time highs. However, one analyst has warned investors […]
The funds still await the SEC's approval of S-1 forms. Their launch in the United States is expected to take place on July 23.
The Chicago Board Options Exchange (CBOE) has confirmed the launch date for Spot Ethereum ETFs, revealing when five Spot ETH ETFs will commence trading in the crypto market. CBOE Finalizes Launch Date For Spot Ethereum ETFs On July 19, the CBOE released a new issue notification on its official website concerning the launch of Spot Ethereum ETFs trading. According to the notification, five Spot ETH ETFs will begin trading on the Chicago Board Options Exchange on July 23, 2024, pending regulatory effectiveness. Previously, analysts, including Bloomberg Senior ETF analyst, Eric Balchunas, had predicted that Spot ETH ETFs could start trading on July 2. However, Balchunas has since revised his forecast, suggesting in another X (formerly Twitter) post that ETH ETFs would likely launch on July 18. Related Reading: Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses? Amid the fluctuating timelines for Spot Ethereum’s debut, the CBOE’s confirmation carries significant weight, aligning with the summer launch date projected by the United States Securities and Exchange Commission (SEC). The adjustment to a July 23 launch date is partly due to delays from several Spot Ethereum ETF issuers, who have needed to amend and resubmit their S-1 registration forms to the SEC for review and approval. The five Spot ETH ETFs set to begin trading on July 23 include Fidelity Ethereum ETF Fund (FETH), Ark 21Shares Core Ethereum ETF (CETH), Franklin Ethereum ETF (EZET), VanEck Ethereum ETF (ETHV), and Invesco Galaxy Ethereum ETF (QETH). The launch of these Spot Ethereum ETFs represents a significant milestone in the crypto market, providing investors the opportunity to gain exposure to ETH without the significant risks of volatility often associated with cryptocurrencies. Furthermore, the introduction of Spot Ethereum ETFs is set to bring greater diversification in the crypto market, offering investors a new trading option beyond Spot Bitcoin ETFs. While CBOE’s confirmation of Spot Ethereum ETFs launch is a promising development for the crypto market, the real focus will be on the performance and demand of these ETFs, as their success could set a precedent for more crypto ETF filings in the future. Will ETH ETFs Match Bitcoin ETFs Demand Post Launch? The performance of Ethereum Spot ETFs has been a hot topic in the crypto space, as analysts constantly analyze whether the demand for ETH ETFs could potentially match or even surpass that of Spot Bitcoin ETFs. Related Reading: Can Burns Send The Shiba Inu And LUNC Price To $0.01? Expert Chimes In Matt Hougan, the Chief Investment Officer (CIO) of Bitwise, predicts that Ethereum Spot ETFs will be a resounding success, gathering about $15 billion in new assets within the first 18 months in the market. The Bitwise CIO also stated that the demand for ETH ETFs will surge significantly, potentially propelling the price of ETH to a $5,000 all time high. In contrast, Samson Mow, the CEO of JAN3, a Bitcoin technology company, believes that Spot Ethereum ETFs will not be as bullish as Spot Bitcoin ETFs. He further added that Ether ETFs will massively underperform Bitcoin ETFs in the market. While there are differing opinions regarding the success of Spot Ethereum ETFs, it remains uncertain just how well these investment products will perform following its launch. Featured image created with Dall.E, chart from Tradingview.com
Ethereum's price surge and upcoming ETF launches could significantly boost institutional and retail investment in the broader crypto market.
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The Chicago Board Options Exchange has confirmed that five spot Ethereum ETF products will begin trading on July 23.
As the July 23 deadline for launching the spot Ethereum ETF (exchange-traded fund) market approaches, asset management firms have disclosed their management fees, signaling the imminent approval of applications by the US Securities and Exchange Commission (SEC). BlackRock’s Fee Cut Strategy According to BlackRock’s amended S-1 registration statement filed on Wednesday, the asset management giant […]
Franklin Ethereum ETF (EZET) has emerged as the fee race’s frontrunner.
The issuers must still await final regulatory signoff on S-1 filings before listing the funds.
In a recent interview, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce reopened the discussion of adding staking features to Ethereum ETFs (exchange-traded funds) after their upcoming launch, possibly on July 23. Initially, ETF issuers such as VanEck and Fidelity had sought approval to wager the underlying Ethereum held in their products. However, it […]
The competitive fee setting for Ethereum spot ETFs may trigger a fee war, intensifying market competition and potentially benefiting investors.
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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.
Ethereum (ETH) is up in the last 24 hours. This is thanks to a recent development suggesting that the Spot Ethereum ETFs are set to launch anytime soon. These funds are expected to positively impact ETH’s price, with the second-largest crypto token poised to reach new highs. Why ETH Is Up Today Ethereum experienced a price surge following Bloomberg analyst Eric Balchunas’ revelation that the Spot Ethereum ETFs could begin trading by July 23. Balchunas mentioned in an X (formerly Twitter) post that the US Securities and Exchange Commission (SEC) has gotten back to the fund issuers and asked them to submit their final S-1 filings by July 22. Related Reading: Analyst Says Solana Price Could Rise 450% To $840 – Here Are The Drivers The SEC also asked them to request effectiveness on July 22 so they can launch on July 23. Therefore, the Spot Ethereum ETFs should launch by next week, provided there are no “unforeseeable” last-minute issues, as noted by Balchunas. The launch of the Spot Ethereum ETFs is undoubtedly bullish for ETH, giving the amount of new money set to flow into its ecosystem through these funds. Crypto research firm K33 predicted that these Spot Ethereum ETFs could attract as much as $4.8 billion in their first five months of trading. In line with this, crypto analysts predict that Ethereum could record massive gains thanks to these inflows. Crypto analyst Linda recently predicted that the crypto token could rise to as high as $4,000 soon enough. Other analysts, like Altcoin Sherpa, have also predicted that ETH will hit $4,000 soon. Meanwhile, crypto analyst and trader Tyler Durden has provided a more bullish prediction for ETH, stating that the crypto token will rise to $10,000 “just the way the chips have fallen.” The crypto analyst alluded to the Spot Ethereum ETFs as what will spark such a parabolic move for Ethereum. He claimed that institutional investors had put so much effort into ensuring that the Spot Ethereum ETFs were approved and that they would ensure that they made money from these funds while pumping ETH’s price. What The Spot Ethereum ETFs Mean For Altcoins The Spot Ethereum ETFs launch is also expected to spark massive moves for other altcoins and is likely to kickstart the altcoin season. Crypto analyst Crypto Rover advised market participants to prepare accordingly, boldly asserting that altcoin season will start once the Spot Ethereum ETFs begin trading. Related Reading: JPMorgan Says Crypto Liquidations Will End And Bitcoin Bull Market Will Begin, Here’s When From a technical perspective, crypto analyst Titan of Crypto mentioned that altcoins are ready to make major moves to the upside as Bitcoin’s dominance drops. Crypto analyst Mikybull Crypto also stated that the macro short-term correction for altcoins is about to end, meaning that the Spot Ethereum ETFs could be the catalyst that sparks a bullish reversal. At the time of writing, ETH is trading at around $3,300, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com