Ethereum | ForkLog

ForkLog 9 23.07.2024

Ethereum Spot ETF Trading Volume Surpasses $500 Million

The total trading volume of spot ETFs based on the second-largest cryptocurrency by market capitalization exceeded $500 million just hours after the debut of the new instrument on regulated American exchanges. Data: SoSoValue. The primary contributor to this metric was Grayscale’s ETHE (~$222 million). Other leaders included BlackRock’s ETHA (~$117 million) and Fidelity’s FETH ($70.6 […]

AI translated

ForkLog 10 23.07.2024

Market Reaction to ETH-ETF Launch Deemed ‘Muted’ by Analysts

The approval of spot Ethereum-ETFs has had a “muted” impact on the market, as investors anticipated a “buy the rumor, sell the news” scenario, according to analysts at QCP Capital. Experts noted that after the launch of similar Bitcoin-based products, its price fell from $46,000 to $38,000, but reached record highs two months later. QCP […]

AI translated

ForkLog 16 23.07.2024

Ethereum ETF Trading Commences Amid Moderate Pressure on Price

On July 23, trading of spot Ethereum ETFs began. Within 20 minutes, the price of the second-largest cryptocurrency fell by 1.7% on increased volumes, nearing intraday lows. 15-minute ETH/USDT chart on Binance. Data: TradingView. In the last 24 hours, Ethereum has decreased by 1.1%, outperforming other top-10 digital assets by market capitalization, excluding stablecoins. Data: […]

AI translated

ForkLog 8 23.07.2024

Ethereum Options Market Shows Low Reversal Odds Post-ETF Launch

Ethereum options on the Deribit platform anticipate a positive response in the spot price following the commencement of trading in exchange-traded funds based on the second-largest cryptocurrency by market capitalization, reports CoinDesk. The day before, the SEC registered S-1 applications for spot Ethereum ETFs. Access to these products will be available from July 23. According […]

AI translated

ForkLog 11 23.07.2024

SEC Approves S-1 Filings for ETH-ETF; Trading Begins July 23

The SEC has approved S-1 filings for ETH-ETF, with trading set to commence on July 23. Experts do not anticipate a frenzy following the launch, citing risks of increased volatility and a potential Ethereum pullback. The U.S. Securities and Exchange Commission (SEC) has registered S-1 filings for spot Ethereum-ETFs, with trading of these products beginning […]

AI translated

ForkLog 8 22.07.2024

Expert Warns of Ethereum Pullback Risks Following ETF Launch

Ethereum options have seen a sharp rise in implied volatility (IV). According to Valentin Fournier from BRN, this suggests a risk of a sell-off wave following the ETF launch, with a gradual recovery thereafter, reports The Block. The SEC approved July 23 as the start date for trading spot exchange-traded funds based on the second-largest […]

AI translated

ForkLog 71 22.07.2024

Inflation or deflation? How Ethereum’s economy has changed since the Merge hard fork

It is nearly two years since the Merge hard fork replaced Proof-of-Work with Proof-of-Stake on Ethereum. Oleg Cash Coin explains how the economics of the second-largest cryptocurrency have evolved since—and the part institutional investors play. 120,204,432 ETH: where does this figure come from, and what does it mean? On September 15, 2022, Ethereum’s developers activated […]

AI translated

ForkLog 7 22.07.2024

Crypto Investment Inflows Surpass $3 Billion Since July

Inflows into cryptocurrency investment products from July 13 to 19 amounted to $1.35 billion, compared to $1.44 billion the previous week. Since the beginning of July, the figure has reached $3.24 billion, according to CoinShares. Data: CoinShares. Trading volume for ETP surged by 45% to $12.9 billion. Clients added $1.27 billion to bitcoin-related products, compared […]

AI translated

ForkLog 10 22.07.2024

Expert Predicts Launch of ETF Based on BTC, ETH, and SOL Basket

Applications for ETFs combining Bitcoin, Ethereum, and Solana are expected to emerge in the coming months, according to Nate Geraci, president of The ETF Store. Prediction… An ETF issuer will file for combined spot btc, eth, & sol ETF in next few months. We’re quickly heading down path towards index-based & actively managed crypto ETFs. […]

AI translated

ForkLog 9 20.07.2024

ETH-ETF Launch Boosts Market Sentiment

Bitcoin surpassed $66,000, while Ethereum reached $3,500 following the announcement of the start date for trading spot ETH-ETFs. Despite positive factors, the second-largest cryptocurrency by market capitalization faces a potential supply crisis. Following the confirmation of the start date for trading spot Ethereum-ETFs on the CBOE, digital gold held steady above $66,000. According to the […]

AI translated

ForkLog 9 19.07.2024

Ethereum ETF Could Boost Altcoins, Says Expert

The launch of an ETF based on the spot price of Ethereum may potentially have a positive impact on altcoins. This view was expressed by Darius Tabai, CEO of DEX Vertex Protocol, in a conversation with The Block. “Given the commotion and lack of clarity surrounding the launch of spot exchange-traded funds based on Ethereum, […]

AI translated

ForkLog 5 19.07.2024

Binance CEO Anticipates Steady Inflows to Spot Ethereum ETFs

Spot Ethereum ETFs are expected to ensure a steady and significant capital inflow over time, according to Binance CEO Richard Teng, as reported by Cointelegraph. The expert expressed skepticism regarding the scale of inflows into these products following their listing. “It is unlikely they will be dramatic at the initial stage. Inflows will fluctuate depending […]

AI translated

#Ethereum