ETH

Grayscale’s upcoming Ether ETF might see daily outflows of $110 million. Ethereum Trust’s discount to NAV has narrowed ahead of the ETF launch. Grayscale’s yet-to-launch spot Ether ETF could face substantial daily outflows if it mirrors the performance of its Bitcoin Trust conversion to an ETF. In recent research,  Kaiko analysts have estimated daily outflows at $110 million, which accounts for 30% of Ether’s average daily trading volume on Coinbase. This projection is in line with the 23% asset outflow…

BlackRock advances its Ethereum spot ETF, aiming for a July 4th launch. Analysis suggests potential approval within weeks, amid a broader context of SEC approvals for Ethereum ETFs. BlackRock has recently revised its S-1 registration statement for a spot Ethereum ETF, marking significant progress towards its launch. This amendment, filed on May 29, supplements the initial registration from November 2023 and indicates a move closer to approval. Bloomberg analyst James Seyffart suggests through his recent tweet,  that the ETF might…

The post Singapore’s Largest Bank Is An ETH Whale Holding $647 Worth ETH appeared first on Coinpedia Fintech News According to the Blockchain analytics company Nansen, Singapore’s largest bank, DBS, is an ETH whale as the blockchain address supposedly owned by DBS held 173,753 ETH, worth $647 million. The address has already made $200 million from its ether holdings. The bullish news for Ethereum may give some confidence to the crypto community that the institutional demand for ETH also exists…

The post Singapore’s Largest Bank “DBS” Is Reportedly An Ether Whale With Holdings Of $650 Million In ETH! appeared first on Coinpedia Fintech News The Development Bank of Singapore Limited (DBS), the largest bank in Singapore has turned out to be an Ethereum (ETH) whale with a holding of 173,753 ETH tokens valued at approximately $650 Million according to Nansen. The address has already recorded a profit of $200 Million from their holdings. CoinDesk reached out to the bank seeking…

Ethereum price extended its downside correction below the $3,800 support. ETH is now approaching the $3,720 support and might aim for a fresh increase. Ethereum extended its decline after it failed to stay above the $3,880 zone. The price is trading below $3,880 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it…

The post Spot Ethereum ETFs Approval To Drive ETH Price Surge: Analyst Sets $12,000 Target, Here’s When appeared first on Coinpedia Fintech News A crypto analyst has made a bold prediction, stating that the ETH price could witness a price surge to $12,000 this market cycle, fueled by the approval of Spot Ethereum ETFs. This recent approval has also had a notable impact on crypto projects like ETFSwap (ETFS), which is projected to reach new all-time highs this bullish season. …

A recent market report by research firm Kaiko noted how Grayscale’s Spot Ethereum ETF could have a negative impact on Ethereum’s (ETH) price. This is based on the firm’s expectations that Grayscale’s Ethereum Trust (ETHE) could follow a similar path to Grayscale’s Bitcoin Trust (GBTC). Ethereum Could Face Significant Selling Pressure From Grayscale’s Outflows Kaiko noted that Ethereum could face significant selling pressure from Grayscale’s ETHE once the Spot Ethereum ETFs begin trading. This is because the fund has been…

The post Ethereum (ETH) Price Prediction: Will ETH Price Hit New ATH This June? appeared first on Coinpedia Fintech News The altcoin leader, Ethereum Price, has added approximately 20% to its portfolio this month, indicating a strong bullish reversal in the crypto market. Moreover, with the rising speculations of an AltSeason soon, the ETH price continues to hover above its important support level. Post-approval of the ETH ETF, Ethereum-based tokens have displayed increased price volatility, indicating the rising interest of…

The post Ethereum (ETH) Price Initiates a Rebound: Will it Rise Above $4000 in the Next 24 Hours? appeared first on Coinpedia Fintech News Bearish clouds are again floating over the crypto space as the selling pressure is slowly increasing. Bitcoin, which aimed to surpass $70,000 despite the recent rejection, has slumped hard below $68,500, circulating bearish waves across the markets. Amid growing negative impact within the market, the second largest token, Ethereum, has been displaying some strength. While the…