etherium
368,838 views
356 Posts
Hot
Latest
Ethereum 2.0: Why Staking Is the Talk of the Town 🤑
"Ethereum’s move to Proof of Stake is paying off—literally! Staking rewards are on the rise, with yields currently averaging around [percentage]% annually. This has led to over [amount] ETH being locked in staking contracts, signaling strong investor confidence.
But with staking comes questions: Is it better to lock up your $ETH and earn passive income, or should you keep it liquid for trading opportunities?
Moreover, concerns about centralization in staking pools and validator control are growing. Will these challenges affect Ethereum’s long-term vision?
Let’s discuss—are you staking, trading, or holding your $ETH?
#StakingWealth #eth2.0 #DefiPoolz #etherium
"Ethereum’s move to Proof of Stake is paying off—literally! Staking rewards are on the rise, with yields currently averaging around [percentage]% annually. This has led to over [amount] ETH being locked in staking contracts, signaling strong investor confidence.
But with staking comes questions: Is it better to lock up your $ETH and earn passive income, or should you keep it liquid for trading opportunities?
Moreover, concerns about centralization in staking pools and validator control are growing. Will these challenges affect Ethereum’s long-term vision?
Let’s discuss—are you staking, trading, or holding your $ETH?
#StakingWealth #eth2.0 #DefiPoolz #etherium
Ethereum is one of the backbone blockchains, providing maximum utility and innovation in smart contract functionality. Unlike other cryptos, Ethereum powers thousands of decentralized applications (dApps), NFTs, and DeFi projects, thereby being the backbone of Web3. The successful transition into Ethereum 2.0, with its energy-efficient proof of stake consensus, is not just greener but also more scalable and secure than ever before. This continuous evolution combined with the powerful developer community and ecosystem growth makes Ethereum a prime choice for investors and blockchain enthusiasts alike. On Binance, ETH offers liquidity, versatility, and a gateway to the future of decentralized finance—making it a must-have in every crypto portfolio.
#EtheruemETF #etherium
$ETH
#EtheruemETF #etherium
$ETH
Journey from 6 paise to 85 lakh rupees... In which year the price of bitcoin increased the most
Bitcoin Price Today: When Bitcoin was launched in 2009, its price was just 6 paise. Recently its price crossed $100,000. Bitcoin has seen many ups and downs in the last 15 years. During this period, its price increased by more than 5500% in a year.
New Delhi: The price of bitcoin recently crossed $100,000 for the first time. It is the world's oldest, most popular and largest cryptocurrency whose market cap has reached close to $2 trillion. In this way, the market cap of bitcoin is more than the GDP of many countries of the world. Donald Trump's victory in the US presidential elections has led to a huge increase in its price. Its price has increased by 45% in the last four weeks. When it was launched in the year 2009, its value was just 6 paise, but today it has reached around Rs 85 lakh. During this time, its price has increased by more than 1000% annually several times. Know in which year its price increased the most...
Bitcoin was started in 2009. It was started by a person named Alias Satoshi. Bitcoin is a type of cryptocurrency. 'Crypto' means 'secret'. It is a digital currency, which works on the basis of the rules of cryptography. Its most special thing is that because it is digital, you cannot touch it. Its price increased for the first time in the year 2010 when its price increased from 0.0008 dollars to 0.08 dollars. The next year i.e. 2011 was special for it. That year its price increased by 1,317 percent.
#BURNGMT #bitcoin☀️ #etherium #goats #gala
New Delhi: The price of bitcoin recently crossed $100,000 for the first time. It is the world's oldest, most popular and largest cryptocurrency whose market cap has reached close to $2 trillion. In this way, the market cap of bitcoin is more than the GDP of many countries of the world. Donald Trump's victory in the US presidential elections has led to a huge increase in its price. Its price has increased by 45% in the last four weeks. When it was launched in the year 2009, its value was just 6 paise, but today it has reached around Rs 85 lakh. During this time, its price has increased by more than 1000% annually several times. Know in which year its price increased the most...
Bitcoin was started in 2009. It was started by a person named Alias Satoshi. Bitcoin is a type of cryptocurrency. 'Crypto' means 'secret'. It is a digital currency, which works on the basis of the rules of cryptography. Its most special thing is that because it is digital, you cannot touch it. Its price increased for the first time in the year 2010 when its price increased from 0.0008 dollars to 0.08 dollars. The next year i.e. 2011 was special for it. That year its price increased by 1,317 percent.
#BURNGMT #bitcoin☀️ #etherium #goats #gala
Reasons for the Major Drop in Altcoins: Parabolic Curve Decline 📉
1️⃣ Market Exhaustion:
- After rapid and intense growth, many investors began to take profits. This is normal, but when many do this at the same time, it can cause a sharp decline.
2️⃣ Regulations and Negative News:
- Announcements of stricter regulations in various countries can scare investors. The fear of losing money leads people to sell quickly.
3️⃣ Global Economic Factors:
- Inflation and rising interest rates in various economies are causing investors to rethink their portfolios, moving away from more volatile assets like altcoins.
4️⃣ Market Manipulation:
- Some altcoins are more susceptible to manipulation. Large investors (or "whales") can sell large amounts, causing dramatic drops.
5️⃣ Market Sentiment:
- The overall market sentiment greatly influences altcoins. A shift in investor mood can lead to mass sell-offs, even if there are no solid fundamentals behind it.
6️⃣ Technology and Competition:
- New technologies or projects that emerge can cause some altcoins to lose relevance. If investors think something new is better, they may migrate quickly.
7️⃣ Natural Market Cycles:
- The cryptocurrency market is cyclical. Significant drops usually follow intense periods of growth; this is part of the game!
🔝 Top Altcoins from Binance's Top 10:
Here are some of the altcoins that are in Binance's top 10 and have been facing this volatility:
1. Ethereum (ETH)
2. Binance Coin (BNB)
3. Cardano (ADA)
4. Solana (SOL)
5. Ripple (XRP)
6. Polkadot (DOT)
7. Dogecoin (DOGE)
8. Chainlink (LINK)
9. Litecoin (LTC)
🔟 Shiba Inu (SHIB)
These coins have shown significant volatility and are sensitive to many of the factors mentioned above.
#salona #litecoin #chainlink #etherium
- After rapid and intense growth, many investors began to take profits. This is normal, but when many do this at the same time, it can cause a sharp decline.
2️⃣ Regulations and Negative News:
- Announcements of stricter regulations in various countries can scare investors. The fear of losing money leads people to sell quickly.
3️⃣ Global Economic Factors:
- Inflation and rising interest rates in various economies are causing investors to rethink their portfolios, moving away from more volatile assets like altcoins.
4️⃣ Market Manipulation:
- Some altcoins are more susceptible to manipulation. Large investors (or "whales") can sell large amounts, causing dramatic drops.
5️⃣ Market Sentiment:
- The overall market sentiment greatly influences altcoins. A shift in investor mood can lead to mass sell-offs, even if there are no solid fundamentals behind it.
6️⃣ Technology and Competition:
- New technologies or projects that emerge can cause some altcoins to lose relevance. If investors think something new is better, they may migrate quickly.
7️⃣ Natural Market Cycles:
- The cryptocurrency market is cyclical. Significant drops usually follow intense periods of growth; this is part of the game!
🔝 Top Altcoins from Binance's Top 10:
Here are some of the altcoins that are in Binance's top 10 and have been facing this volatility:
1. Ethereum (ETH)
2. Binance Coin (BNB)
3. Cardano (ADA)
4. Solana (SOL)
5. Ripple (XRP)
6. Polkadot (DOT)
7. Dogecoin (DOGE)
8. Chainlink (LINK)
9. Litecoin (LTC)
🔟 Shiba Inu (SHIB)
These coins have shown significant volatility and are sensitive to many of the factors mentioned above.
#salona #litecoin #chainlink #etherium
$ETH 🚀 $ETH Short Squeeze Alert!
💥 ETH Liquidated Shorts:
💸 Amount: $73.6K
📈 Price: $4,016.46
Ethereum bulls are on fire! 🔥 Massive short positions were wiped out as ETH surged, driven by intense buying pressure.
Why the Liquidation?
1️⃣ Bullish Momentum: Renewed confidence in ETH fundamentals.
2️⃣ Liquidation Chain: Shorts closing positions fueled the rally.
3️⃣ Whale Moves: Big buyers targeted leveraged shorts.
What’s Next?
🔵 Bullish: Watch for $4,100+ if $4,020 holds.
🔴 Bearish: Rejection near $4,050 could signal a pullback.
⚡ Key Tip: Trade smart with tight stop-losses—volatility = opportunity! 📊
💡 Your move: Bullish breakout or bearish pullback?
#CryptoZombieUprising #CryptoMarketHype #CryptoHistoricMoment #CryptoHistoricMoment #etherium
💥 ETH Liquidated Shorts:
💸 Amount: $73.6K
📈 Price: $4,016.46
Ethereum bulls are on fire! 🔥 Massive short positions were wiped out as ETH surged, driven by intense buying pressure.
Why the Liquidation?
1️⃣ Bullish Momentum: Renewed confidence in ETH fundamentals.
2️⃣ Liquidation Chain: Shorts closing positions fueled the rally.
3️⃣ Whale Moves: Big buyers targeted leveraged shorts.
What’s Next?
🔵 Bullish: Watch for $4,100+ if $4,020 holds.
🔴 Bearish: Rejection near $4,050 could signal a pullback.
⚡ Key Tip: Trade smart with tight stop-losses—volatility = opportunity! 📊
💡 Your move: Bullish breakout or bearish pullback?
#CryptoZombieUprising #CryptoMarketHype #CryptoHistoricMoment #CryptoHistoricMoment #etherium
See original
Arthur Hayes Claims ETFs Threaten Bitcoin's Existence
Former director of the BitMEX cryptocurrency exchange, Arthur Hayes, claims that spot ETFs threaten the existence of Bitcoin.
Arthur Hayes
The difference between Bitcoin and other assets that Arthur talks about naturally lies in its digital nature. Precious metals and banknotes that can be touched will continue to exist if they lie in the ground for 100 years, but cryptocurrency, according to Hayes, will disappear.
#etherium
Former director of the BitMEX cryptocurrency exchange, Arthur Hayes, claims that spot ETFs threaten the existence of Bitcoin.
Arthur Hayes
The difference between Bitcoin and other assets that Arthur talks about naturally lies in its digital nature. Precious metals and banknotes that can be touched will continue to exist if they lie in the ground for 100 years, but cryptocurrency, according to Hayes, will disappear.
#etherium
See original
Vitalik Buterin proposed three options for simplifying the Ethereum consensus algorithm
In the current Proof-of-Stake algorithm, which uses the second cryptocurrency network, the validator requires multiple cryptographic signatures for the blockchain to operate. This increases the complexity of the system and increases the required resources. And the more validators that join Ethereum, the greater the load on the system and the more signatures there will be.
Therefore, Buterin proposed redesigning the consensus algorithm to limit the number of signatures to 8,192 per slot.
Focus on decentralized staking pools. This will significantly increase the amount of ether required to become a validator. That is, validators will have to join pools.
Create two levels of validators with different ETH volume requirements for signing transactions. Accordingly, validators of different levels will have different priorities.
Make a rotation of validators - randomly select a certain number of validators for each slot. This will distribute the load and reduce the number of signatures, but will also complicate the system somewhat.
#etherium
$ETH
In the current Proof-of-Stake algorithm, which uses the second cryptocurrency network, the validator requires multiple cryptographic signatures for the blockchain to operate. This increases the complexity of the system and increases the required resources. And the more validators that join Ethereum, the greater the load on the system and the more signatures there will be.
Therefore, Buterin proposed redesigning the consensus algorithm to limit the number of signatures to 8,192 per slot.
Focus on decentralized staking pools. This will significantly increase the amount of ether required to become a validator. That is, validators will have to join pools.
Create two levels of validators with different ETH volume requirements for signing transactions. Accordingly, validators of different levels will have different priorities.
Make a rotation of validators - randomly select a certain number of validators for each slot. This will distribute the load and reduce the number of signatures, but will also complicate the system somewhat.
#etherium
$ETH
See original
Hodlers own record amounts of Ethereum and Bitcoin
Employees of the analytical company IntoTheBlock reported that hodlers are in possession of a record number of Bitcoins and Ethereum (ETH).
IntoTheBlock specialists classify people who store digital assets for at least a year as hodlers. According to them, on December 24, hodlers owned 70% of Bitcoins and 74% of Ethereum in circulation. And, judging by the graph, hodlers began accumulating coins back in 2022.
The number of Bitcoins (blue line) and Ethereum (pink) in the possession of hodlers
If hodlers continue to increase their holdings of Bitcoin and Ethereum, the market could experience a supply shock, a situation in which the number of coins held on the balance sheet of cryptocurrency exchanges will significantly decrease. In this case, an increase in the value of digital assets will be inevitable even with a constant level of demand.
#Bitcoin #etherium
$BTC $ETH
Employees of the analytical company IntoTheBlock reported that hodlers are in possession of a record number of Bitcoins and Ethereum (ETH).
IntoTheBlock specialists classify people who store digital assets for at least a year as hodlers. According to them, on December 24, hodlers owned 70% of Bitcoins and 74% of Ethereum in circulation. And, judging by the graph, hodlers began accumulating coins back in 2022.
The number of Bitcoins (blue line) and Ethereum (pink) in the possession of hodlers
If hodlers continue to increase their holdings of Bitcoin and Ethereum, the market could experience a supply shock, a situation in which the number of coins held on the balance sheet of cryptocurrency exchanges will significantly decrease. In this case, an increase in the value of digital assets will be inevitable even with a constant level of demand.
#Bitcoin #etherium
$BTC $ETH
See original
Lark Davis predicts Ethereum price will rise to $15,000 in 2024
Analyst Lark Davis is optimistic about the future of Ethereum (ETH) and predicts an increase in the coin's value to $15,000 in 2024.
Davis drew an analogy to the previous bull rally in the Ethereum market, during which the cryptocurrency rose 229% from its previous peak recorded in early 2018 and reached an all-time high of $4,869.
If this situation repeats and ETH increases in price by 229% to $4,869, then the value of the asset will rise to $16,019. However, Davis indicated the area of $15,000, probably slightly wrong in his calculations.
#etherium
$ETH
Analyst Lark Davis is optimistic about the future of Ethereum (ETH) and predicts an increase in the coin's value to $15,000 in 2024.
Davis drew an analogy to the previous bull rally in the Ethereum market, during which the cryptocurrency rose 229% from its previous peak recorded in early 2018 and reached an all-time high of $4,869.
If this situation repeats and ETH increases in price by 229% to $4,869, then the value of the asset will rise to $16,019. However, Davis indicated the area of $15,000, probably slightly wrong in his calculations.
#etherium
$ETH
See original
Opinion: Ethereum can “flip” Bitcoin in 2024
In 2024, Ethereum may surpass Bitcoin in terms of price growth, says Andre Dragos, head of research at ETC Group.
The fundamental foundation will be technological advances and Ethereum's unshakable position as the leading smart contract platform. The expert also noted that throughout 2023, the second cryptocurrency by capitalization lagged behind digital gold in terms of price growth
The report also states that the price of Ethereum will be driven higher by the “deflationary burn mechanism” introduced in August 2021 through the implementation of EIP-1559 as part of the London hard fork. The decrease in coin supply, combined with attractive staking yields, could lead to the so-called flipping - the outperformance of Ether above Bitcoin by market capitalization
Dragos added that since its inception in 2015, Ethereum has consistently outperformed Bitcoin in terms of growth. Exception - 2023
Coinbase researchers also expect Ether to return to average performance in the coming year, given the “relative discount” to the price of digital gold
#etherium
$ETH
In 2024, Ethereum may surpass Bitcoin in terms of price growth, says Andre Dragos, head of research at ETC Group.
The fundamental foundation will be technological advances and Ethereum's unshakable position as the leading smart contract platform. The expert also noted that throughout 2023, the second cryptocurrency by capitalization lagged behind digital gold in terms of price growth
The report also states that the price of Ethereum will be driven higher by the “deflationary burn mechanism” introduced in August 2021 through the implementation of EIP-1559 as part of the London hard fork. The decrease in coin supply, combined with attractive staking yields, could lead to the so-called flipping - the outperformance of Ether above Bitcoin by market capitalization
Dragos added that since its inception in 2015, Ethereum has consistently outperformed Bitcoin in terms of growth. Exception - 2023
Coinbase researchers also expect Ether to return to average performance in the coming year, given the “relative discount” to the price of digital gold
#etherium
$ETH
See original
Losses from cryptocurrency hacking in 2023 decreased by 51%: here is the result: CertiK
The latest report from CertiK shows a noticeable decline in the number of cryptocurrency security incidents in 2023.
Total losses fell to $1.84 billion across 751 events, down 51% from 2022. Losses from each incident averaged $2.45 million, with losses from the top ten incidents totaling $1.11 billion. Interestingly, the blockchain security firm found that the average loss per incident was only $101,132.
November saw the highest amount of losses at $363,367,327 from 45 incidents, while the third quarter was dominated by losses of $686,558,472 from 183 hacks, scams and exploits.
#Bitcoin's #etherium #BNB🔥 #SolanaMillionaire
$BTC $ETH $BNB
The latest report from CertiK shows a noticeable decline in the number of cryptocurrency security incidents in 2023.
Total losses fell to $1.84 billion across 751 events, down 51% from 2022. Losses from each incident averaged $2.45 million, with losses from the top ten incidents totaling $1.11 billion. Interestingly, the blockchain security firm found that the average loss per incident was only $101,132.
November saw the highest amount of losses at $363,367,327 from 45 incidents, while the third quarter was dominated by losses of $686,558,472 from 183 hacks, scams and exploits.
#Bitcoin's #etherium #BNB🔥 #SolanaMillionaire
$BTC $ETH $BNB
See original
Bitcoin price has reached a weekly low
The Bitcoin (BTC) rate on the morning of December 26 fell below $43 thousand, reaching $42,628 on the Binance exchange in pairs with the stablecoin Tether USD (USDT). The last time BTC traded below $43k was last Tuesday, December 19th. At 10:20 Moscow time, the first cryptocurrency costs $42,800.
The BTC rate began to decline at approximately 8:00 Moscow time. A sharp drop in the price of BTC provoked a massive forced closure of margin positions of traders on crypto exchanges. Thus, according to Coinglass, over the past four hours, long positions totaling about $50 million were liquidated.
Other coins from the top 10 by capitalization generally follow the market leader. The second largest cryptocurrency Ethereum (ETH) is trading at $2,234, having fallen in price by 2% per day. The prices of Avalanche (AVAX) and Polkadot (DOT) tokens have decreased by 3% over the past 24 hours, while the latter has risen in price by 30% over the week. The leader in weekly growth remains Solana (SOL) - the token is trading at $113 and has increased in price by about 50% over the week.
#bitcoin #Solana📈🚀🌐 #Polkadot #etherium
The Bitcoin (BTC) rate on the morning of December 26 fell below $43 thousand, reaching $42,628 on the Binance exchange in pairs with the stablecoin Tether USD (USDT). The last time BTC traded below $43k was last Tuesday, December 19th. At 10:20 Moscow time, the first cryptocurrency costs $42,800.
The BTC rate began to decline at approximately 8:00 Moscow time. A sharp drop in the price of BTC provoked a massive forced closure of margin positions of traders on crypto exchanges. Thus, according to Coinglass, over the past four hours, long positions totaling about $50 million were liquidated.
Other coins from the top 10 by capitalization generally follow the market leader. The second largest cryptocurrency Ethereum (ETH) is trading at $2,234, having fallen in price by 2% per day. The prices of Avalanche (AVAX) and Polkadot (DOT) tokens have decreased by 3% over the past 24 hours, while the latter has risen in price by 30% over the week. The leader in weekly growth remains Solana (SOL) - the token is trading at $113 and has increased in price by about 50% over the week.
#bitcoin #Solana📈🚀🌐 #Polkadot #etherium
See original
There is a reliable Emirati website for investing in USDT
It reaches 3k. Bartajiya is with you
#BTCUpdate
#etherium
It reaches 3k. Bartajiya is with you
#BTCUpdate
#etherium
See original
Nest crypto wallet founder lost $125,000 due to fake LFG giveaway
Nest crypto wallet co-founder and CEO Bill Lu fell victim to a phishing attack while trying to participate in an airdrop. He ended up losing 52 stETH tokens worth $125,000.
The LFG (less fees and gas) token giveaway was announced yesterday to reward Ethereum users who have spent more than $4,269 in transaction fees since 2016 and encourage adoption of Solana.
So, scammers created a fake website imitating the official resource of the LFG token and began to steal user funds.
#etherium
$ETH
Nest crypto wallet co-founder and CEO Bill Lu fell victim to a phishing attack while trying to participate in an airdrop. He ended up losing 52 stETH tokens worth $125,000.
The LFG (less fees and gas) token giveaway was announced yesterday to reward Ethereum users who have spent more than $4,269 in transaction fees since 2016 and encourage adoption of Solana.
So, scammers created a fake website imitating the official resource of the LFG token and began to steal user funds.
#etherium
$ETH
Ethereum Foundation's $94 Million Sale Could Be a Rally Signal for ETH
#etherium #EthereumETFApprovalExpectations #etherreum #EtheruemETF
#Crypto_Jobs🎯
The events that marked this weekend included the arrest of Telegram and Toncoin (TON) founder Pavel Durov in France, while the $94 million sale made by the Ethereum Foundation came second.
Ethereum Foundation (EF) Executive Director Aya Miyaguchi said that the $94 million transfer of 35,000 ETH was not a full-fledged sale, but was part of routine treasury management activities required to fund the foundation’s annual budget.
While the ETH Foundation's $94 million transfer continues to be talked about, blockchain platform Arkham Intelligence compared past ETH sales.
Drawing attention to the sales he made in 2020 and 2021, Arkham stated that the ETH price increased by over 500% just months after the Ethereum Foundation carried out a large ETH sale.
At this point, Arkham noted that the Ethereum Foundation sold 100,000 ETH in 2020 and the ETH price increased 6 times shortly after that date.
According to Arkham data, the price of ETH rose to $4,182 on May 12, 2021, approximately five months after the Ethereum Foundation sold 100,000 ETH on December 17, 2020, worth approximately $63 million at the time. Later in 2021, the price of ETH reached a cycle peak of $4,891.70 on November 10.
While the Ethereum Foundation is making another big sale, Arkham's post raised the question of whether there will be a big rise like in 2021 after the last sale.
#Crypto_Jobs🎯
The events that marked this weekend included the arrest of Telegram and Toncoin (TON) founder Pavel Durov in France, while the $94 million sale made by the Ethereum Foundation came second.
Ethereum Foundation (EF) Executive Director Aya Miyaguchi said that the $94 million transfer of 35,000 ETH was not a full-fledged sale, but was part of routine treasury management activities required to fund the foundation’s annual budget.
While the ETH Foundation's $94 million transfer continues to be talked about, blockchain platform Arkham Intelligence compared past ETH sales.
Drawing attention to the sales he made in 2020 and 2021, Arkham stated that the ETH price increased by over 500% just months after the Ethereum Foundation carried out a large ETH sale.
At this point, Arkham noted that the Ethereum Foundation sold 100,000 ETH in 2020 and the ETH price increased 6 times shortly after that date.
According to Arkham data, the price of ETH rose to $4,182 on May 12, 2021, approximately five months after the Ethereum Foundation sold 100,000 ETH on December 17, 2020, worth approximately $63 million at the time. Later in 2021, the price of ETH reached a cycle peak of $4,891.70 on November 10.
While the Ethereum Foundation is making another big sale, Arkham's post raised the question of whether there will be a big rise like in 2021 after the last sale.
Different types of CRYPTOCURRENCIES
#BinanceSquareFamily #CryptoDawar #etherium #bitcoinnewsupdate #NFT
#BinanceSquareFamily #CryptoDawar #etherium #bitcoinnewsupdate #NFT
Ethereum ETFs Struggle with Net Inflows Amidst Investor Hesitation
#ETH🔥🔥🔥🔥 #ETHERIUM." #etherium #ETHETFsApproved #ETF_ETH
Ethereum ETFs had a rough second half of August, recording just one positive day of *net new inflows*, largely impacted by Grayscale's conversion of its Ether trust into an ETF.
Investors pulled $2.5 billion since the conversion, leaving Ethereum ETFs bleeding cash. Unlike *Bitcoin ETFs*, which have gained $17 billion since January, *Ether ETFs* remain $477 million underwater.
Despite the tech-forward applications of *Ethereum*, it has yet to attract the mainstream investor interest that Bitcoin enjoys as a store of wealth.
The largest of these funds, BlackRock’s ETHA, holds over $1 billion in assets but struggles to gain momentum in the market.
#ETH🔥🔥🔥🔥 #ETHERIUM." #etherium #ETHETFsApproved #ETF_ETH
Ethereum ETFs had a rough second half of August, recording just one positive day of *net new inflows*, largely impacted by Grayscale's conversion of its Ether trust into an ETF.
Investors pulled $2.5 billion since the conversion, leaving Ethereum ETFs bleeding cash. Unlike *Bitcoin ETFs*, which have gained $17 billion since January, *Ether ETFs* remain $477 million underwater.
Despite the tech-forward applications of *Ethereum*, it has yet to attract the mainstream investor interest that Bitcoin enjoys as a store of wealth.
The largest of these funds, BlackRock’s ETHA, holds over $1 billion in assets but struggles to gain momentum in the market.