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Bitcoin and Ethereum top client interest with ‘very little’ demand for other crypto ETFs: BlackRock Head of Digital Assets
Key Takeaways BlackRock’s Mitchnick highlighted that their client base is predominantly interested in Bitcoin, with some interest in Ethereum. BlackRock considers Bitcoin and Ethereum as complementary assets with distinct roles. Share this article URL Copied The SEC’s greenlight for spot Ethereum ETFs has sparked optimism about the future of other crypto ETFs, with some anticipating […] More
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Grayscale Ethereum ETF bleeds Thursday, outflows exceed $1 billion since debut
Key Takeaways Grayscale’s Ethereum ETF saw $346 million in net outflows on its third day of trading. BlackRock’s iShares Ethereum Trust led the pack with $71 million in inflows. Share this article URL Copied Grayscale’s Ethereum ETF (ETHE) ended Thursday with $346 million in net outflows, extending its losses to $1.1 billion within three trading […] More
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Hashdex Files S-1 for First ETF Holding Bitcoin and Ethereum in the US
Hashdex, a crypto asset management firm, has filed its registration statement, S-1, with the U.S. Securities and Exchange Commission for its Hashdex Nasdaq Crypto Index US ETF. Notably, the move is a step in its plans to be the first index-based crypto ETF in the U.S. that will track some digital assets in the Nasdaq […] More
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BlackRock CEO concerned after crypto surge boosts Bitcoin, Ethereum and XRP prices
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The recent approval of new crypto ETFs sparked a surge in Bitcoin, Ethereum, and XRP prices as Rollblock’s crypto casino capitalizes on the momentum in its ongoing presale. The past few days saw a […] More
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Expert explains why Ethereum price suffered a harsh reversal
Ethereum price has dropped for two consecutive days, erasing most gains in the last three weeks. The price of Ethereum (ETH) retreated to $3,145 on Thursday, its lowest level since July 13 and 11% below its highest point this week. Ethereum price chart | Source: TradingView Why Ethereum price is falling This pullback happened despite […] More
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Ethereum ETFs bring substantial benefits, yet challenges remain | Opinion
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For weeks, speculation has been mounting about when the US Securities and Exchange Commission (SEC) will approve spot Ethereum exchange-traded funds (ETFs). The introduction represents a transformative development in the cryptocurrency investment […] More
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ETH falls amid $133 million spot Ethereum ETFs outflows
Ethereum (ETH) slumped more than 8% after the US spot Ethereum exchange-traded funds saw over $133 million in outflows in the second day of trading. Ether price fell on Thursday amid the outflows, reaching lows of $3,156 across major exchanges. Spot Ether ETFs outflows The new ETFs cumulatively posted over $106 million in inflows on […] More
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Spot Ethereum ETFs saw $133m outflow on second trading day
Spot Ethereum exchange-traded funds have recorded an immediate net outflow on their second day of trading in the United States. According to data provided by Farside Investors, spot Ethereum (ETH) ETFs witnessed a net outflow of $133.3 million on Wednesday, July 24. Notably, only the Grayscale Ethereum Trust (ETHE) saw an outflow of $326.9 million. […] More
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ETH Price Dumped 10% as Spot Ethereum ETFs Saw $133M in Outflows on Day 2
The second day of trading for the spot Ethereum ETFs was quite different than the first as more than $133 million were withdrawn from the largest financial vehicles. The underlying asset’s price reacted with a massive price drop that drove it south by 10% in a day, thus proving the initial reports that the approvals […] More
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US Ethereum spot ETFs see $133 million outflows one day after strong debut
Key Takeaways Spot Ethereum ETF flows turned negative on the second day. Fidelity’s Ethereum Fund outperformed BlackRock’s Ethereum ETF, which led the first day with over $266 million. Share this article URL Copied US spot Ethereum exchange-traded funds (ETFs) have seen a decline in net inflows after a strong start with almost $107 million. According […] More
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Franklin Templeton Endorses Solana Following Launch of its Ethereum ETF
Franklin Templeton has said that Solana has shown “major adoption and continues to mature” The asset manager launched its second digital asset-backed ETF, the Franklin Ethereum ETF (EZET) Franklin Templeton has agreed to fully waive its fees until January 2025 for the first $10bn in fund assets Franklin Templeton has indicated it’s confident in the […] More
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Ethereum Holders Accumulate 113K ETH, Outpacing Spot ETF Inflows
Ether’s has failed to gain any upward traction despite the hype around it. Instead, the altcoin ended up shedding nearly 2% over the past 24 hours as it hovered near $3,460 despite a strong debut for spot Ethereum ETFs. This tepid price movement contrasts with the strong trading activity recorded by these new investment vehicles […] More