Spot Ethereum ETFs Breaks Nearly Two Weeks Downtrend With Positive Inflow, Pr...
Ethereum, the second largest cryptocurrency asset, is currently in the limelight as crypto investors have recently demonstrated their renewed interest in and adoption of the historical Spot Ethereum Exchange-Traded Funds (ETFs). Millions of dollars were seen flowing into the products after the market concluded on Wednesday. The inflow is considered a bullish indication for ETH, […]
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The Spot Bitcoin ETFs have become a major headliner recently due to heightened levels of market inflows. According to data from SoSoValue, these ETFs have attracted over $5 billion in investments over the past three weeks coinciding with an impressive Bitcoin price rally of over 23%. However, amidst this euphoria, macro investment researcher Jim Bianco says these Spot ETFs have contributed no significant growth to the Bitcoin market. Related Reading: BlackRock’s Bitcoin ETF Reaches 2% Of Total BTC Supply Amid Record Inflows Spot Bitcoin ETFs Bring In No New Money, Only Recycled....
The price of Bitcoin has not made a great start to the third quarter of 2024 after falling to a multi-month low over the past week. Bitcoin spot ETFs (exchange-traded funds), on the other hand, appear to be benefitting from the recent dip in prices, having posted a positive week in terms of capital flow. […]
As the global financial markets prepare to launch U.S.-based spot Ethereum exchange-traded funds (ETFs), Ethereum is positioned to potentially outperform Bitcoin, according to a new analysis by K33 Research. This comes amid concerns that Bitcoin might face downward pressure due to upcoming repayments to creditors of the defunct Mt. Gox exchange. Related Reading: Ethereum’s Breakout Moment: Is a $7,500 Target Achievable? Experts Weigh In ETF Launch to Begin a New Era for Ethereum Ethereum has lagged behind Bitcoin in performance over the last year, with the former surging 67% while the....
Ethereum (ETH) registered a remarkable performance following Donald Trump’s victory in the November 5 US elections. The second-largest cryptocurrency by market capitalization has jumped 21.9% in the past three days, reigniting investors’ bullish sentiment for the crypto and ETH-based investment products. Related Reading: Ethereum L2 Project Spark Launches On-Chain Order Book On Fuel Network To Enhance Trading Ethereum ETFs See Third Best-performing Day Amid ETH’s price rally, spot Ethereum exchange-traded funds (ETFs) have recorded their best-performing day in 13 weeks. Launched in late....
Ethereum ETFs are yet to gain approval from the SEC despite the success of bitcoin ETFs. Bitcoin ETFs have been approved and trading going on for two weeks now. Nevertheless, talk about them continues to dominate the crypto space. Although the hype around the trading of the funds has died down, it hasn’t stopped firms […]