It's late at night, and Lao Jiu is about to go to bed. Just now, there are several important news from the crypto market, which are related to your and my wallets. Let's get straight to the point:
1. Democratic presidential candidate Harris also wants to win crypto voters?
With US President Biden announcing that he will not run for re-election, Vice President Kamala Harris has become the strongest contender for the Democratic nomination. Although we previously learned that Harris was not familiar with cryptocurrencies, recent trends show that she seems to be learning this field rapidly
2. Major institutions predict: the impact of the launch of Ethereum spot ETF on short- and medium-term prices
Wintermute, a large market maker, expects that Ethereum ETFs can receive up to $4 billion in inflows from investors in the next year. This is lower than the $4.5 billion to $6.5 billion expected by most people, which is already about 62% less than the $17 billion raised by Bitcoin ETFs since it began trading in the United States six months ago. Wintermute does expect that the price of Ethereum will rise by 24% in the next 12 months, driven by these inflows.
3. Ethereum ETF suffered a Waterloo! The first day of listing was not rising but falling!
Data shows that the US spot Ethereum ETF has been officially listed. After 2.5 hours of opening, the total transaction volume has exceeded US$500 million, of which Grayscale's ETHE transaction volume has reached US$178 million, temporarily ranking first; BlackRock's ETHA transaction volume is about US$92.0145 million, temporarily ranking second. But unexpectedly, despite the huge transaction volume, the spot Ethereum ETF suffered a Waterloo on the first trading day, not rising but falling.
