SETH
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Is ProShares' Short Ether Strategy ETF (SETH) Launching in November? ✅
#ProShares is gearing up to launch the ProShares Short Ether Strategy ETF (SETH) in November, capitalizing on the recent approval of Ethereum futures ETFs.
This offering is part of a trio of Ether futures exchange-traded funds (ETFs) introduced by ProShares. #SETH is scheduled to be listed on the NYSE Arca exchange and aims to mirror the inverse daily performance of the S&P CME Ether Futures Index.
Notably, SETH does not directly short Ether but seeks to profit from price dips. ProShares anticipates the ETF's registration statement to become effective on October 15, with plans to introduce the fund in early November.
This development follows the approval of Ether futures ETFs by the U.S. Securities and Exchange Commission, arriving almost two years after the first Bitcoin futures #ETF .
ProShares, which previously introduced Bitcoin futures ETFs, has seen significant assets under management in these funds, with the ProShares Bitcoin Strategy ETF amassing around $850 million and the Short Bitcoin Strategy ETF holding approximately $75 million.
#Binance
#crypto2023
#ProShares is gearing up to launch the ProShares Short Ether Strategy ETF (SETH) in November, capitalizing on the recent approval of Ethereum futures ETFs.
This offering is part of a trio of Ether futures exchange-traded funds (ETFs) introduced by ProShares. #SETH is scheduled to be listed on the NYSE Arca exchange and aims to mirror the inverse daily performance of the S&P CME Ether Futures Index.
Notably, SETH does not directly short Ether but seeks to profit from price dips. ProShares anticipates the ETF's registration statement to become effective on October 15, with plans to introduce the fund in early November.
This development follows the approval of Ether futures ETFs by the U.S. Securities and Exchange Commission, arriving almost two years after the first Bitcoin futures #ETF .
ProShares, which previously introduced Bitcoin futures ETFs, has seen significant assets under management in these funds, with the ProShares Bitcoin Strategy ETF amassing around $850 million and the Short Bitcoin Strategy ETF holding approximately $75 million.
#Binance
#crypto2023
Two Giant Cryptocurrency Whales Withdraw $70 Million Worth of Altcoins from Binance and OKX
Two mysterious cryptocurrency whales made large transactions on major crypto exchanges today.A mysterious entity identified by the multisig wallet address 0x8b5 withdrew a staggering 25,000 ETH (equivalent to $66.83 million) from Binance. The transaction was executed at an Ethereum price of $2,673.Interestingly, the multisig wallet in question had received 0.01 ETH from another address named 0x66E. This address is allegedly linked to Metalpha, a global digital asset management company based in Hong Kong.Currently, the multisig wallet has staked the entire 25,000 ETH via Mantle Network, a popular staking platform.In another significant move, a new wallet identified as 0x253 withdrew 1,740 ETH ($4.69 million) from OKX, another major cryptocurrency exchange. In total, the wallet withdrew 3,370 ETH ($9.06 million) from CEX via three transactions in the last hour.ETH price is trading at $2,676 at the time of writing this article and has increased by almost 20% in the last week. In the same period, the increase in BTC was 2% based on current prices.$ETH #SETH #altcoins! #eth #Ethereum2024 #okx
#BTC☀ Study's & Smart trading 🗝️
✨ Navigating Demand Zones 📈
-Demand Zone: Key area where buyers are likely to enter, pushing prices up 🚀🚀
-Stop Placement: Set your stop loss just below the demand zone for risk management
🔻
-Price Movement: Watch for strong buying signals within these zones to confirm entry points 🎯🎯
Spot these zones to capitalize on price moves upward 🟢
#SecGov #WBTC #EtheruemETF #SETH
✨ Navigating Demand Zones 📈
-Demand Zone: Key area where buyers are likely to enter, pushing prices up 🚀🚀
-Stop Placement: Set your stop loss just below the demand zone for risk management
🔻
-Price Movement: Watch for strong buying signals within these zones to confirm entry points 🎯🎯
Spot these zones to capitalize on price moves upward 🟢
#SecGov #WBTC #EtheruemETF #SETH
Ethereum ICO whale "Oxb8c" has further deposited 21,490 -#SETH ($55.2M) to Kraken in the past 7 days
After receiving 150K • #SETH ($46.6K) in 2015, this whale has unloaded 45K - #SETH ($113.9M) to CEXs, including:
• 5K #SETH ($1.09M) to #Bitfinex at ~$218.6
in July 2019.
• 10K • #SETH ($35.4M) to #Kraken at ~$3,542 in June 2024, before the price plunged.
• 30K •SETH ($77.4M) to #Kraken at ~$2,580 in Sep-Oct 2024.
Current holding: ~110K • SETH ($271M)
across 8 wallets.
Last deposit: 2 hours ago.
After receiving 150K • #SETH ($46.6K) in 2015, this whale has unloaded 45K - #SETH ($113.9M) to CEXs, including:
• 5K #SETH ($1.09M) to #Bitfinex at ~$218.6
in July 2019.
• 10K • #SETH ($35.4M) to #Kraken at ~$3,542 in June 2024, before the price plunged.
• 30K •SETH ($77.4M) to #Kraken at ~$2,580 in Sep-Oct 2024.
Current holding: ~110K • SETH ($271M)
across 8 wallets.
Last deposit: 2 hours ago.
