Altcoin Resurgence Expected if Ether ETFs Drive Sharp Uptick in ETH, Says Two Prime’s Blume

A managing partner at SEC-regulated Registered Investment Advisor Two Prime has discussed the potential impact of spot ether exchange-traded fund (ETF) launches on the cryptocurrency market. He explained that early demand could be greater than when spot bitcoin ETFs launched and suggested that a sharp uptick in ethereum price from the ether ETFs could lead … Read more

Ethereum Market Stagnation Marks Tepid Trading Day Despite ETF Launch

Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon. Ether’s Bearish Sentiment Dominates Trading Day Amid ETF … Read more

Ethereum Struggles At $3,500 Resistance As Major Whales Make Moves Ahead Of ETF Launch

Since July 16th, Ethereum (ETH) has faced significant difficulty breaking through the $3,500 resistance level. This challenge is partly due to the 3.13 million addresses that acquired ETH at an average price of $3,547. Many of these addresses are currently holding their ETH at a loss, which contributes to increased selling pressure and complicates ETH’s … Read more

Bitcoin Continues to Dominate as Altcoin Season Index Score Plummets

In mid-July, the Altcoin Season Index (ASI) available on blockchaincenter.net began to rise, reaching a high of 46 and nearing the significant threshold of 75. Since then, however, the ASI score has dropped to 24, indicating that a period of increased gains for alternative cryptocurrencies is now more distant. Bitcoin Outperforms Altcoins as ASI Score … Read more

Cboe Announces 5 Ether ETFs Will Be Listed Tuesday Pending Regulatory Effectiveness

Cboe, the Chicago Board Options Exchange, is preparing to list five new ether exchange-traded funds (ETFs) on Tuesday, pending regulatory effectiveness. These five spot ethereum ETFs are from 21shares, Fidelity, Franklin, Invesco Galaxy, and Vaneck. The U.S. Securities and Exchange Commission (SEC) approved Form 19b-4 filings for eight spot ether ETFs in May and has … Read more

SEC Approves Mini Ethereum ETFs As Institutional Trading Dominates

The U.S. SEC has given the green light to Grayscale’s mini Ethereum ETF, which will be backed by assets from their larger Ethereum ETF. In addition, ProShares’ Ethereum ETF has also received approval. These funds are expected to start trading next week, alongside other spot ETH ETF products. Grayscale has also introduced a mini Bitcoin … Read more

US Spot Ether ETFs to Launch on July 23 Pending Final SEC Approval, Analyst Says

The U.S. Securities and Exchange Commission (SEC) has finally gotten back to issuers concerning the final approvals for spot ether exchange-traded funds (ETFs). Preliminary approval has reportedly been granted for at least three of the eight proposals set to launch next Tuesday. Issuers of these spot ether ETFs have been working with the SEC to … Read more