ether

Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024. That is a move rather expectedly coming for traders and analysts that had previously viewed the ETFs as a means to improve market liquidity and therefore stabilize prices. Instead, what has taken place is rather different: the average market depth of 5% for ETH pairs has fallen to around $14 million. Meanwhile, offshore exchanges…

A substantial shift in the cryptocurrency landscape is on the horizon with approximately $350 million worth of Ether (ETH) set for withdrawal. This significant movement of funds has captured the attention of investors and analysts alike, raising questions about its impact on the Ethereum (ETH) ecosystem and its associated projects. As the crypto community watches closely, there’s growing speculation about how this shift might influence emerging cryptocurrencies such as Mpeppe (MPEPE). How Mpeppe (MPEPE) Is Positioned to Leverage Ethereum (ETH)…

The post Grayscale Records Over $20B Outflows from Bitcoin and Ether ETFs appeared first on Coinpedia Fintech News Grayscale Investments has recorded over $20.4 billion in outflows from its spot Bitcoin and Ether ETFs combined. The Grayscale Bitcoin Trust ETF (GBTC) has lost an average of approximately $137.7 million daily in almost seven months since its launch. As of July 29, GBTC recorded total outflows of $18.86 billion. In contrast, all other nine spot Bitcoin ETFs maintain a positive balance.…

The post Bullish Patterns Predict 30% Jump for Bitcoin As Ether Preps For $5,000  appeared first on Coinpedia Fintech News Following a massive recovery over the weekends, the BTC price enters the new week optimistically. With an almost 3% rise, Bitcoin marks the end of the correction phase in the short term, resulting in a broader market recovery.  As July starts, the overnight turn of sentiments teases a bull run with a breakout. Further, the underlying gears of bullishness churning…

The post BTC Back To 60K Support Region, Ether ETF Remains Bullish Catalyst: QCP appeared first on Coinpedia Fintech News QCP in its weekend brief noted that an onslaught of bearish headlines throughout the week has taken BTC back down to the 60k support region. The market has to deal with overwhelming supply from the Mt. Gox unlocks and the selling by government bodies. In its view, the scary supply numbers are probably overstated, and the market will grind sideways…

Two executives close to the discussion around Ether ETFs and a lawyer of one of the issuers have assured that the launch could take place in a week or two.  According to reports, the process of amending the documents has reached an advanced stage with just the “finishing touches” needed to get ready.  The 19b-4 forms tied to the spot Ethereum (ETH) Exchange-Traded Funds (ETFs) were recently approved for American exchanges pending the official approval of S-1 forms for trading.…

The post Ether Spot ETFs To Attract $15B Net Inflows in First 18 Months: Bitwise appeared first on Coinpedia Fintech News Bitwise’s Chief investment officer wrote in a report that the Ether ETFs are likely to attract $15 billion of net inflows in their first 18 months. The report said that, one way to estimate the potential inflows is to consider the relative market caps of bitcoin and ether. Bitcoin is currently 74% of the combined market value and the…

Financial banking giant Standard Chartered has confirmed plans to launch a Bitcoin (BTC) and Ethereum (ETH) trading desk in London. The move is in line with a growing trend in institutional adoption for cryptocurrencies that could drive prices higher. Billion-dollar banking giant Standard Chartered has revealed that it is nearing the opening of a Bitcoin (BTC) and Ethereum (ETH) trading desk in London. The banking giant is working on a new trading desk that will expose its institutional clients to…

Bloomberg ETF analysts have advanced their forecast of Spot Ether ETFs from launching on the 14th to July 2nd in light of reactions from the SEC. Finally, the SEC was quickly approving S-1 forms. Analyst Eric Balchunas said that the SEC comments were minor. This is a much shorter period than what SEC Chair Gary Gensler projected recently could take until September. 5thScape is in the limelight as its presale rallies to $6 million in June while the crypto market…