Over 33 Million ETH Staked As Spot Ethereum ETFs Roll Out: Up Next $4,000?
Ethereum is outperforming Bitcoin at spot rates, holding firm above the support zone between $3,000 and $3,300. Although prices retraced yesterday, with the July 29 bar closing with a long upper wick pointing to weakness, ETH holders are upbeat, expecting gains above $4,000. Roughly 30% Of All ETH Staked, Validators Stand At Over 1 Million As Ethereum rejects lower lows and cements its place at second in the market cap leaderboard, other developments could spark demand in the coming sessions. Related Reading: Avalanche (AVAX) Continues Freefall, Sheds 12% In Last 7 Days – Can It Recover?....
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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,....
The anticipated launch of Spot Ethereum Exchange-Traded Funds (ETFs) has yet to translate into a favorable price performance for Ethereum. In fact, some analysts and market participants might argue that the launch of Spot Ethereum ETFs has turned out to be a “sell the news” event. This viewpoint is bolstered by the recent price activity […]
After months of anticipation, the launch of spot Ethereum ETFs in the United States appears to be imminent as the US Securities and Exchange Commission (SEC) has reportedly requested that Ethereum ETF issuers submit their final S-1 filings, including fee structures, by Wednesday, July 17. Ethereum ETFs Hopefuls Gear Up For July 23 Debut Bloomberg […]
With the Spot Bitcoin and Ethereum ETF already trading, there have been discussions about whether or not fund issuers will apply for other crypto ETFs. Specifically, market experts have questioned if the world’s largest asset manager, BlackRock, will file for spot ETFs for other altcoins like Solana and XRP. BlackRock Unlikely To File For Spot […]
Following its unexpected approval by the United States Securities and Exchange Commission (SEC), the spot Ethereum ETFs (exchange-traded funds) became one of the most important narratives in the cryptocurrency space. However, the crypto investment products seem not to be living up to the hype after an underwhelming trading debut in the past week. Grayscale Responsible […]