Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
ETF
VanEck’s Ethereum Spot ETF Listed by DTCC Amid SEC Decision Countdown
VanEck's proposed Ethereum spot ETF has been listed on the DTCC under the ticker $ETHV, but it remains inactive pending SEC approval. DTCC Listing: What It Means VanEck's proposed spot Ethereum ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker $ETHV. This development marks a significant step forward for the ETF, despite not assuring approval from the US Securities and Exchange Commission (SEC). The DTCC, which provides post-trade clearance, settlement, custody, and information services,…
1 year ago
SEC Standard Chartered Analyst Predicts $45 Billion Inflow for Ether ETF in First Year
Standard Chartered Bank predicts SEC approval of Spot Ethereum ETFs could attract $15 to $45 billion in the first year. Geoff Kendrick parallels these expectations with the historically accurate predictions for Bitcoin ETFs. According to a recent update from Crypto News Flash (CNF), Standard Chartered Bank expects the United States Securities and Exchange Commission (US SEC) to approve Spot Ethereum ETFs shortly. Today’s post, updated by Coin Market Cap, features Geoff Kendrick, the bank’s head of FX Research and Digital…
1 year ago
Top Low-Cap Altcoins Poised For 10x Rally Ahead of Ethereum ETF Approval
The post Top Low-Cap Altcoins Poised For 10x Rally Ahead of Ethereum ETF Approval appeared first on Coinpedia Fintech News With the crypto market going ballistic overnight, the bull run is starting in Bitcoin and the altcoins. Further, the altcoins find a sharp increase in uptrend momentum as the discussions around the Ethereum ETF are turning hot. With the increasing possibility of the Ethereum ETF getting approval, smart money is looking out for altcoins that may experience direct bullish influence. …
1 year ago
Decision on Ethereum Spot ETF Approval On the Horizon: Here are the Top Altcoins to Watch This Week
The post Decision on Ethereum Spot ETF Approval On the Horizon: Here are the Top Altcoins to Watch This Week appeared first on Coinpedia Fintech News The second-largest token in the market, Ethereum, displayed a strong move towards the north after undergoing silent moves for over 20 months. The merger or the hard forks also did not have an impact on the ETH price as the fresh rounds of spot Ethereum ETF approval knocked into the crypto space. With this,…
1 year ago
Anthony Pompliano on Ethereum ETF Approval: The Last Dam to Be Broken for the Crypto Industry
The post Anthony Pompliano on Ethereum ETF Approval: The Last Dam to Be Broken for the Crypto Industry appeared first on Coinpedia Fintech News The possible SEC approval of the spot Ethereum ETF has everyone in the crypto space talking. Even strong voices, such as Anthony Pompliano, have suggested that this can be a momentous occasion for the whole crypto industry. Anthony Pompliano’s Take on Ethereum ETF Approval Anthony Pompliano is one of the prominent Bitcoin maximalists and entrepreneurs who…
1 year ago
Bulls In Control: Ethereum Longs See Biggest Candle Ever After ETF News
Data suggests users on Binance responded to the Ethereum exchange-traded fund (ETF) news by aggressively longing the cryptocurrency. Ethereum Net Taker Volume On Binance Has Just Seen Its Biggest Candle Ever As explained by CryptoQuant community manager Maartunn in a post on X, the Ethereum Net Taker Volume has observed a sharp increase after rumors have surfaced that the ETH spot ETFs have a renewed chance of gaining approval. The “Net Taker Volume” here refers to an indicator that keeps…
1 year ago
Expert Hints at Solana ETFs After Spot Ethereum ETF News, Could SOL Meme Coins Pump Again?
The improving odds of spot Ethereum ETF approval is a mixed-bag scenario for Solana maximalists. On the one hand, Ethereum ETFs could sidetrack the Solana bull rally, allowing ETH to take the center stage in the altcoin space. On the other hand, experts believe that the SEC’s greenlight could pave the way for spot Solana ETFs in the near future. The latter scenario could send the SOL price skyrocketing, with Solana meme coins such as Sealana emerging as the foremost…
1 year ago
Ethereum Rallies 24% with $4,000 in Sight as ETH Spot ETF Speculation Grows
Ethereum’s value soars by 18%, nearing $4,000 due to heightened ETF approval speculation. Potential SEC approval could significantly advance mainstream financial integration of cryptocurrencies. Ethereum has experienced a significant increase, rising 18% to a peak of $3,691, primarily driven by speculation that the U.S. Securities and Exchange Commission (SEC) might soon greenlight the first spot Ethereum ETFs. Analysts at Bloomberg have revised their approval probabilities for these ETFs from 25% to an optimistic 75%, reflecting a strong market sentiment. This…
1 year ago
Fidelity Files Updated S-1 Application for Spot Ethereum ETF Ahead of SEC Looming Deadline
The post Fidelity Files Updated S-1 Application for Spot Ethereum ETF Ahead of SEC Looming Deadline appeared first on Coinpedia Fintech News In a significant move for the cryptocurrency market, Fidelity has filed an updated S-1 application for its Spot Ethereum ETF. This has sparked speculation within the investment community, especially after the SEC recently asked Ether ETF issuers to update their 19b-4 filings. Fidelity Updates S-1 Form Fidelity, one of the world’s leading asset management firms, has recently filed…
1 year ago