Ethereum

Ethereum ETFs (exchange-traded funds) began trading on Tuesday, generating significant volume within the first 2 hours of trading. Interestingly, the Ethereum ETFs ranked among the top 1% regarding ETF volume.  Ethereum ETFs Surpass Traditional Launch Volumes According to Bloomberg ETF expert Eric Balchunas, the ETH ETFs traded $361 million in the first 90 minutes on launch day, surpassing the typical volume seen at the launch of traditional ETFs. Blachunas said: Here’s where we at after 90 minutes. $361m total. As…

In a day marked by the launch of the long-anticipated spot Ethereum (ETH) Exchange-Traded Fund (ETF) in the United States, the market’s response has been unexpectedly subdued. Analysts from Singapore-based crypto asset trading firm QCP Capital have shed light on the reasons behind this muted reaction, blaming the situation on previous market behaviors and other news from the broader market. Why The Ethereum Price Is Not Skyrocketing In their investor note, QCP Capital points out that the market may be…

The post Crypto Market Is HODLing Today: Ethereum ETF, Bitcoin, Memecoins  appeared first on Coinpedia Fintech News The last ten days recorded a daily average $200 million inflow into Bitcoin Spot ETF, Friday aline registered $385 million, and on Tuesday exceeded $ 530 million. Despite increased inflows spot BTC ETFs, the Ethereum Spot ETF approval news the total crypto marketcap is down 1.32% today. TOTAL hovers around to $2.4 Trillion from the past 3 days days.  This is anticipated to…

The post Retire Early with Crypto: Altcoins to Buy Now Ahead of the Ethereum ETF appeared first on Coinpedia Fintech News The crypto market is currently calm, yet anticipation for a bull run is building. Altcoins present a prime entry opportunity as they sit on the edge of explosive growth. With the much-anticipated Ethereum ETF on the horizon, investor interest is shifting towards promising altcoins that could offer substantial returns. Prices are rising, but there’s still time for strategic investments.…

Spot Ethereum ETFs have begun trading on major exchanges following SEC approval, marking a significant step for Ethereum investment opportunities.  SEC Approval and Market Entry Spot Ether exchange-traded funds (ETFs) have commenced trading today after receiving final approval from the US Securities & Exchange Commission (SEC). The required S-1 registrations were approved on Monday; as a result, the spot ETH ETFs can now be listed on major stock exchanges such as Nasdaq, the New York Stock Exchange (NYSE), and the…

The post Top 3 Altcoins Poised For 10x Rally With Ethereum ETF Launch Today appeared first on Coinpedia Fintech News The SEC officially green-lights the Ethereum ETF applications to begin trading on 23rd July 2024. A historic day for the altcoins and the crypto industry to increase the adoption of Ethereum and, in turn, the demand for $ETH.  While the ETH price will likely rise with the hype before the ETF trading, the bull run depends on net flows. A…

The post Ethereum ETF News: Will Spot ETH ETFs Outperform Bitcoin ETFs? appeared first on Coinpedia Fintech News Today spot ETF for Ethereum will finally begin! The moment has finally arrived, and we have been waiting for so long!! Spot crypto ETFs have arrived in the US, reaffirming that the future of money is here. The SEC’s approval of nine spot ETH ETFs in July marks another significant milestone for the expansion of the crypto economy. This development follows the…

The post Massive Inflows In US Spot Bitcoin ETF Before Ethereum ETF Starts Trading appeared first on Coinpedia Fintech News On July 22, the crypto market saw a notable $533.57M net inflow, the highest since June 4th. This boosts the cumulative total net inflow to $17.59B. Total net assets now stand at $62.14B, equating to 4.63% of Bitcoin’s market cap. Key fund movements included IBIT adding $526M, FBTC increasing by $23.72M, and VanEck’s HODL fund decreasing by $38.37M.

According to a recent report from CoinShares, Ethereum (ETH) saw an uptick in inflows last week, surpassing Solana’s (SOL) inflows for 2024, coinciding with the impending launch of exchange-traded funds (ETFs) that will allow regulated investment in the US for the second-largest cryptocurrency by market capitalization.  ETH Dominates Inflows The report highlights Ethereum’s strong momentum recorded over the past month, with inflows reaching $45 million last week, amounting to the year for over $103 million, outpacing Solana’s inflows year-to-date (YTD). …