EtherETF
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#Grayscale Investments, in a recent report, suggests that Ethereum's recent price surge is more attributable to anticipation surrounding the upcoming #Dencun upgrade, scheduled for March 13th, 2024, rather than optimism about the potential approval of a spot #EtherETF by the Securities and Exchange Commission (SEC). The Dencun upgrade is expected to enhance throughput and reduce transaction costs on the Ethereum network, making it more competitive in the Smart Contract Platforms Crypto Sector. Grayscale Research Analyst William Ogden Moore notes that the upgrade could position #Ethereum to compete with faster chains like Solana in terms of scalability. Grayscale, currently seeking SEC approval for converting its Ethereum trust into a spot Ether ETF, remains optimistic about Ethereum's potential, citing factors such as "net deflationary supply" and "network revenue generation." The report also emphasizes Ethereum's ability to capture more smart contract business by improving throughput and cost competitiveness. Ethereum's price has risen about 25% since the beginning of the year, and Grayscale holds the largest spot Bitcoin ETF by assets under management.
#ETH $ETH
#ETH $ETH
#Write2earn
VANECK SPOT ETHER ETF NEARS LAUNCH WITH SEC FILING
#VanEck #Ethereum #EtherETF #EthereumETF
$ETH
VanEck has taken a significant step towards launching its spot Ether ETF by filing form 8-A with the U.S. Securities and Exchange Commission (SEC). This filing brings the investment manager closer to offering a live trading product.
Significance of Form 8-A
According to Bloomberg ETF analyst Eric Balchunas, form 8-A is a crucial part of the process to list the Ether ETF. The timing of this filing suggests that the SEC may be closer to approving the ETF for trading than many had anticipated. Balchunas noted that VanEck filed the same form for its spot Bitcoin ETF exactly seven days before it launched. If this timeline is followed, the spot Ether ETF could start trading as early as July 2.
Potential Launch Date and Market Impact
The SEC's approval of spot Ether ETF applications from several prominent firms on May 23 was a pivotal moment. Firms such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise all received the green light. This decision came amidst ongoing speculation about the SEC's stance on labeling Ether as a security. The approval marks a significant step towards integrating Ether into mainstream financial products, potentially boosting market accessibility and investor confidence.
SEC's Approval and Broader Implications
The SEC's approval of these applications, despite the regulatory ambiguity surrounding Ether, highlights a growing acceptance of cryptocurrency within traditional finance. This move could pave the way for further innovations and listings in the crypto ETF space, promoting wider adoption and potentially stabilizing the market.
VANECK SPOT ETHER ETF NEARS LAUNCH WITH SEC FILING
#VanEck #Ethereum #EtherETF #EthereumETF
$ETH
VanEck has taken a significant step towards launching its spot Ether ETF by filing form 8-A with the U.S. Securities and Exchange Commission (SEC). This filing brings the investment manager closer to offering a live trading product.
Significance of Form 8-A
According to Bloomberg ETF analyst Eric Balchunas, form 8-A is a crucial part of the process to list the Ether ETF. The timing of this filing suggests that the SEC may be closer to approving the ETF for trading than many had anticipated. Balchunas noted that VanEck filed the same form for its spot Bitcoin ETF exactly seven days before it launched. If this timeline is followed, the spot Ether ETF could start trading as early as July 2.
Potential Launch Date and Market Impact
The SEC's approval of spot Ether ETF applications from several prominent firms on May 23 was a pivotal moment. Firms such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise all received the green light. This decision came amidst ongoing speculation about the SEC's stance on labeling Ether as a security. The approval marks a significant step towards integrating Ether into mainstream financial products, potentially boosting market accessibility and investor confidence.
SEC's Approval and Broader Implications
The SEC's approval of these applications, despite the regulatory ambiguity surrounding Ether, highlights a growing acceptance of cryptocurrency within traditional finance. This move could pave the way for further innovations and listings in the crypto ETF space, promoting wider adoption and potentially stabilizing the market.
#Write2earn
Ethereum ETFs See $106.78M Inflows on First Trading Day
#Ethereum #EthereumETF #EtherETF #ETFEthereum
$ETH $ETHFI
On their first day of trading, Ethereum ETFs saw significant activity. Investors traded over $1 billion worth of shares of the newly launched ether (ETH) exchange-traded funds (ETFs), according to Bloomberg data.
Impressive Inflows
From this $1 billion, there was a net inflow of $106.78 million, as reported by SoSoValue. Notably, Grayscale's Ethereum Trust (ETHE) experienced a substantial outflow of $484 million. In contrast, the BlackRock iShares Ethereum Trust ETF (ETHA) led the pack with an inflow of $266.5 million, followed by Bitwise's Ethereum ETF (ETHW) with $204 million.
Comparisons with Bitcoin ETFs
For context, the spot bitcoin ETFs had a trading volume of $4.5 billion on their launch day, but only about $600 million of that was net inflow. The Ethereum ETFs’ trading volume of $1.077 billion represented roughly 20% of what the spot bitcoin ETFs saw on their first day in January.
Market Observations
Many market analysts had anticipated lower volumes and inflows for the ETH ETFs due to the absence of a staking mechanism. Despite these predictions, the Ethereum ETFs managed to draw significant investor interest and capital on their debut.
Ethereum ETFs See $106.78M Inflows on First Trading Day
#Ethereum #EthereumETF #EtherETF #ETFEthereum
$ETH $ETHFI
On their first day of trading, Ethereum ETFs saw significant activity. Investors traded over $1 billion worth of shares of the newly launched ether (ETH) exchange-traded funds (ETFs), according to Bloomberg data.
Impressive Inflows
From this $1 billion, there was a net inflow of $106.78 million, as reported by SoSoValue. Notably, Grayscale's Ethereum Trust (ETHE) experienced a substantial outflow of $484 million. In contrast, the BlackRock iShares Ethereum Trust ETF (ETHA) led the pack with an inflow of $266.5 million, followed by Bitwise's Ethereum ETF (ETHW) with $204 million.
Comparisons with Bitcoin ETFs
For context, the spot bitcoin ETFs had a trading volume of $4.5 billion on their launch day, but only about $600 million of that was net inflow. The Ethereum ETFs’ trading volume of $1.077 billion represented roughly 20% of what the spot bitcoin ETFs saw on their first day in January.
Market Observations
Many market analysts had anticipated lower volumes and inflows for the ETH ETFs due to the absence of a staking mechanism. Despite these predictions, the Ethereum ETFs managed to draw significant investor interest and capital on their debut.
GET READY FOR EXCITING WEEK AHEAD 🚀🚀🚀
1. Donald Trump speaking at the #Bitcoin Conference
2. The launch of $ETH ETF trading on July 23
3. Release of crucial inflation data and FED's interest rate decision announcement at the end of July.
Stay tuned for significant market movements!
#Bitcoion #EtherETF #Inflationdata #FedDecision
1. Donald Trump speaking at the #Bitcoin Conference
2. The launch of $ETH ETF trading on July 23
3. Release of crucial inflation data and FED's interest rate decision announcement at the end of July.
Stay tuned for significant market movements!
#Bitcoion #EtherETF #Inflationdata #FedDecision
🚨🚨🚨 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚 𝗡𝗘𝗪𝗦 𝗯𝘆 𝗞𝗖𝗠 🚨
𝗨𝗦 𝗦𝗘𝗖 𝗚𝗥𝗘𝗘𝗡𝗟𝗜𝗚𝗛𝗧𝗦 𝗘𝗧𝗛𝗘𝗥 𝗘𝗧𝗙𝘀 ✅
The US Securities and Exchange Commission (SEC) has granted preliminary approval to at least three asset managers to launch spot Ether exchange-traded funds (ETFs), according to reports.
This milestone move could pave the way for investors to gain exposure to the second-largest cryptocurrency by market capitalization, Ether (ETH), through a regulated investment vehicle.
Stay tuned for further Updates 📌
#KaleemsCryptoMehfilKCM #EtherETF #Ethereum_ETFs_Expected_Date #BinanceTournament #VanEck_SOL_ETFS
𝗨𝗦 𝗦𝗘𝗖 𝗚𝗥𝗘𝗘𝗡𝗟𝗜𝗚𝗛𝗧𝗦 𝗘𝗧𝗛𝗘𝗥 𝗘𝗧𝗙𝘀 ✅
The US Securities and Exchange Commission (SEC) has granted preliminary approval to at least three asset managers to launch spot Ether exchange-traded funds (ETFs), according to reports.
This milestone move could pave the way for investors to gain exposure to the second-largest cryptocurrency by market capitalization, Ether (ETH), through a regulated investment vehicle.
Stay tuned for further Updates 📌
#KaleemsCryptoMehfilKCM #EtherETF #Ethereum_ETFs_Expected_Date #BinanceTournament #VanEck_SOL_ETFS
Ripple’s political push, donates $25M for pro-crypto candidates
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Ripple Labs has been dealing with the legal challenges pushed by the US Securities and Exchange Commission (SEC).
Amid the long running legal battle, the blockchain firm is now intensifying its political efforts. It is contributing huge funds to support pro crypto politicians in the upcoming election cycle.
Ripple makes huge donation
According to reports, Ripple on Wednesday announced a $25 million donation to Fairshake. It made the donation to crypto focused Super Political Action Committee (Super PAC).
However, the group backs both Democrat and Republican Congressional candidates who favor crypto innovation in the country.
The major donation marks Ripple’s second such donative to Fairshake within a year.
#XRP #Ripple #Bitcoin #Ethereum #EtherETF $XRP $ETH $BTC
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Ripple Labs has been dealing with the legal challenges pushed by the US Securities and Exchange Commission (SEC).
Amid the long running legal battle, the blockchain firm is now intensifying its political efforts. It is contributing huge funds to support pro crypto politicians in the upcoming election cycle.
Ripple makes huge donation
According to reports, Ripple on Wednesday announced a $25 million donation to Fairshake. It made the donation to crypto focused Super Political Action Committee (Super PAC).
However, the group backs both Democrat and Republican Congressional candidates who favor crypto innovation in the country.
The major donation marks Ripple’s second such donative to Fairshake within a year.
#XRP #Ripple #Bitcoin #Ethereum #EtherETF $XRP $ETH $BTC
#Write2earn
Spot Ethereum ETFs See $104M Inflows Amid Market Volatility
#EthereumETF #ETF #EtherETF #Altcoins
$ETH
Spot Ethereum ETFs saw a tumultuous week with both inflows and outflows, reflecting mixed market sentiment. Despite volatility, the week ended with a net inflow of nearly $105 million, fueling discussions about Ethereum's potential rise toward $3,000.
Weekly ETF Flows
The week began strong on August 5, with $48.8 million in net inflows, led by BlackRock's $47.1 million. However, Grayscale's Ethereum Trust (ETHE) faced significant outflows of $46.8 million, balancing the optimism.
On August 6, ETFs saw $98.4 million in inflows, driven by BlackRock's $109.9 million. Yet, ETHE continued to struggle, with $39.7 million in outflows.
Midweek Outflows
By midweek, outflows began, with August 7 seeing a net outflow of $23.7 million, and August 8 continuing the trend with a $2.9 million outflow, despite BlackRock's positive inflows.
End-of-Week Summary
The week closed with a $15.8 million outflow on August 9, though the overall weekly inflow was $104.8 million, mainly due to BlackRock's contributions. Grayscale's ETHE suffered, with cumulative net outflows reaching $2.29 billion.
Ethereum's Price Outlook
Despite ETF volatility, Ethereum's price stayed between $2,300 and $2,650. Analysts note a growing divergence between Bitcoin, now seen as "digital gold," and Ethereum, which is losing its speculative appeal. As Ethereum hovers around $2,600, bulls may aim for $3,000, but technical indicators suggest selling pressure could push the price down to $1,830.
Spot Ethereum ETFs See $104M Inflows Amid Market Volatility
#EthereumETF #ETF #EtherETF #Altcoins
$ETH
Spot Ethereum ETFs saw a tumultuous week with both inflows and outflows, reflecting mixed market sentiment. Despite volatility, the week ended with a net inflow of nearly $105 million, fueling discussions about Ethereum's potential rise toward $3,000.
Weekly ETF Flows
The week began strong on August 5, with $48.8 million in net inflows, led by BlackRock's $47.1 million. However, Grayscale's Ethereum Trust (ETHE) faced significant outflows of $46.8 million, balancing the optimism.
On August 6, ETFs saw $98.4 million in inflows, driven by BlackRock's $109.9 million. Yet, ETHE continued to struggle, with $39.7 million in outflows.
Midweek Outflows
By midweek, outflows began, with August 7 seeing a net outflow of $23.7 million, and August 8 continuing the trend with a $2.9 million outflow, despite BlackRock's positive inflows.
End-of-Week Summary
The week closed with a $15.8 million outflow on August 9, though the overall weekly inflow was $104.8 million, mainly due to BlackRock's contributions. Grayscale's ETHE suffered, with cumulative net outflows reaching $2.29 billion.
Ethereum's Price Outlook
Despite ETF volatility, Ethereum's price stayed between $2,300 and $2,650. Analysts note a growing divergence between Bitcoin, now seen as "digital gold," and Ethereum, which is losing its speculative appeal. As Ethereum hovers around $2,600, bulls may aim for $3,000, but technical indicators suggest selling pressure could push the price down to $1,830.
🔥🔥🔥 Fund group YieldMax files for Ether Option Strategy ETF ahead of #EtherETF launch
YieldMax, a fund group, has filed with the US Securities and Exchange Commission (SEC) to introduce an Ether Option Income Strategy ETF on the New York Stock Exchange Arca, as per a filing dated June 21, 2024. This move anticipates the forthcoming launch of spot Ether ETFs in the US.
The ETF will utilize a synthetic covered call strategy aimed at leveraging the volatility of underlying spot Ethereum ETFs to generate income. Holders of spot Ether ETFs can sell call options to earn additional income and manage risk.
According to the filing, the fund will not directly invest in Ethereum or any spot Ethereum ETF. It will be actively managed by Tidal Investments, with sub-advisory services provided by ZEGA Financial, an SEC-registered investment advisor specializing in derivatives-based investing.
YieldMax offers a variety of ETFs, each targeting specific underlying securities or assets. Employing a synthetic covered call strategy, these ETFs sell call option contracts on underlying securities to generate income from option premiums. Examples include ETFs focused on Tesla (TSLY), Apple (APLY), and Amazon (AMZY).
This recent filing follows YieldMax’s introduction of the #bitcoin☀️ Option Yield Strategy ETF (YBIT) last year, listed on NYSE Arca with an expense ratio of 0.99%.
Source - cryptobriefing.com
#CryptoNewsCommunity #BinanceSquareTrends #CryptoMarkets
YieldMax, a fund group, has filed with the US Securities and Exchange Commission (SEC) to introduce an Ether Option Income Strategy ETF on the New York Stock Exchange Arca, as per a filing dated June 21, 2024. This move anticipates the forthcoming launch of spot Ether ETFs in the US.
The ETF will utilize a synthetic covered call strategy aimed at leveraging the volatility of underlying spot Ethereum ETFs to generate income. Holders of spot Ether ETFs can sell call options to earn additional income and manage risk.
According to the filing, the fund will not directly invest in Ethereum or any spot Ethereum ETF. It will be actively managed by Tidal Investments, with sub-advisory services provided by ZEGA Financial, an SEC-registered investment advisor specializing in derivatives-based investing.
YieldMax offers a variety of ETFs, each targeting specific underlying securities or assets. Employing a synthetic covered call strategy, these ETFs sell call option contracts on underlying securities to generate income from option premiums. Examples include ETFs focused on Tesla (TSLY), Apple (APLY), and Amazon (AMZY).
This recent filing follows YieldMax’s introduction of the #bitcoin☀️ Option Yield Strategy ETF (YBIT) last year, listed on NYSE Arca with an expense ratio of 0.99%.
Source - cryptobriefing.com
#CryptoNewsCommunity #BinanceSquareTrends #CryptoMarkets
