Ethereum

The much-anticipated launch of several Ethereum-based spot exchange-traded funds (ETFs) failed to ignite a significant Ethereum (ETH) price rally. Despite considerable trading volumes and large inflows for the “newborn” ETFs on their first day, the Grayscale outflows have been too massive (once again) to propel the Ether price upwards. Ethereum ETFs Start Strong, But Grayscale … Eric Balchunas, a senior ETF analyst at Bloomberg, shared via X (formerly Twitter), “DAY ONE in the books for Eth ETFs who did $1b…

The long-awaited Ethereum Exchange-Traded Funds (ETFs) are finally live, registering over $100 million in volume in the first 15 minutes. Investors expect to see the launch’s impact on the crypto market, while some market watchers believe ETH ETF’s performance will kickstart the Altcoin season. Ethereum Spot ETFs Are Officially Live On Monday, the US Securities and Exchange Commission (SEC) gave the final nod to Ethereum spot ETFs, setting the launch date for Tuesday, July 23. After the approval, investors raised…

The post Ethereum ETF Makes Its Debut, Surpasses $1 Billion On Day One! appeared first on Coinpedia Fintech News On Monday, the U.S. Securities and Exchange Commission has launched 9 Ethereum ETFs. Bitwise’s “ETHW” recorded the highest inflow of $204 Million, followed by Fidelity’s “FETH” with $71.3 Million. Franklin’s “EZET” recorded an inflow of $13.2 Million, 21 Shares, and VanEck recorded an inflow worth $7.6 Million and $7.5 Million. Notably, Grayscale’s Ethereum mini trust recorded an inflow of $15.1 Million,…

Ethereum price failed to continue higher above the $3,500 resistance zone. ETH corrected gains and is now trading in a range above the $3,400 level. Ethereum is consolidating below the $3,500 resistance zone. The price is trading below $3,480 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance at $3,470 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above…

ARB, the native token of Arbitrum, the Ethereum layer-2 solution, is down 68% from January 2024 highs. However, there is good news: While ARB holders “suffer” in the face of unrelenting bears, positive on-chain developments reveal a platform that is not only the largest by total value locked (TVL) but also brimming with potential. Over 48% Of Ethereum Bridged Assets End Up In Arbitrum Taking to X, one analyst notes a surge in user activity on Arbitrum and that the…

The post Bitcoin (BTC) Retail Demand Drops to 3-Year Low, is the Capital Moving to Ethereum Altcoins? appeared first on Coinpedia Fintech News Once the undisputed king of cryptocurrencies, Bitcoin faces a retail investor exodus. New data reveals a three-year low in retail demand for BTC, sparking concerns about the short-term trajectory of the world’s largest cryptocurrency.  On the other hand, Ethereum has been making significant strides, upgrading its network and hosting decentralized apps like RCO Finance (RCOF), which has…

The post Ethereum ETFs Debut with Record $1 Billion Trading Volume appeared first on Coinpedia Fintech News Ethereum ETFs made a remarkable debut today, marking a significant milestone for digital assets in traditional financial markets. The launch saw nine different spot Ethereum exchange-traded funds (ETFs) from eight issuers begin trading on U.S. exchanges. This event turned the usually calm ETF trading landscape into a bustling marketplace. Impressive Start for Ethereum ETFs The excitement began right from the opening bell. Within…

The post BlackRock Ethereum ETF Goes Live for Trading! appeared first on Coinpedia Fintech News A day after the SEC’s approval of the S-1 submission for Spot Ethereum ETF, Blackrock’s iShares Ethereum Trust ETF has gone live for trading with the ETHA share now trading at $26.59 as of the opening bell. The BlackRock Ethereum ETF carries a 0.25% sponsor fee while offering a one-year waiver and a fee reduction of 0.12% on the first $2.5 billion in assets under…

The post Ethereum ETFs Trading Volume After 15 Minutes Of Trading: appeared first on Coinpedia Fintech News Eric Balchunas in his latest tweet has shared the Ethereum ETFs volume after 15 minutes of its trading. He wrote that a Total of $112 million is traded for the group, which is A TON vs a normal ETF launch but only about half of what bitcoin ETFs’ volume pace was on day one. Although, in Balchunas’ opinion, 50% would exceed expectations. He…