With the impending launch of the first spot Ethereum ETFs in the United States, industry experts are speculating about the potential price impact on the second-largest cryptocurrency in the market. The US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs by July 4, as discussions between asset managers and regulators reach their
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The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently provided insights into the potential inflows that US Spot Ethereum ETFs could attract. His analysis suggests that these funds could potentially receive significant investments in their first 18 months of trading. Hougan’s analysis is based on the market capitalizations of Bitcoin and Ethereum, with a
The cryptocurrency market is on the brink of a major development with the impending launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Asset managers are eagerly preparing for this milestone, with Bitwise Chief Investment Officer (CIO) Matt Hougan offering insights into the potential impact of these ETFs
Dalmas Ngetich, a seasoned crypto reporter, brings a unique perspective to the industry. With a background in mechanical engineering and over a decade of experience in journalism, Ngetich has specialized in covering topics such as NFTs, blockchain, DeFi, and blockchain news for NewsBTC. His expertise has allowed him to craft over 10,000 news and feature
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself in a pivotal moment as its price consolidates. Traders and investors are grappling with uncertainty as Ethereum’s price hovers near crucial support and resistance levels. This period of price stability has created a sense of indecision in the market, with technical indicators and market signals being
Crypto analyst and trader Tyler Durden has recently expressed his bullish sentiment towards Ethereum (ETH). In a post on X (formerly Twitter), Durden emphasized that Ethereum reaching $10,000 is the “most asymmetric bet” in the cryptocurrency market today. He suggested that it is better for traders to go with the tide and bet on ETH,
Crypto analyst Jelle has recently made a bold projection regarding Ethereum’s price, forecasting it to surge to $5,000 by the end of the year. This optimistic outlook comes at a time when Ethereum has been stabilizing above the $3,500 mark, following a correction from its peak in March. Jelle’s analysis points to a pivotal moment
The Ethereum Foundation has once again made headlines due to a substantial transaction involving millions of Ethereum (ETH) tokens. Crypto journalist Colin Wu recently disclosed on social media that a wallet linked to the Ethereum Foundation moved 18,089 ETH (equivalent to $64.4 million) to a new address. Despite the transfer, the new address has yet
The discussion surrounding the imminent launch of Spot Ethereum ETFs has been gaining momentum, with Bloomberg analysts Eric Balchunas and James Seyffart providing updates on the potential trading start date. Balchunas recently shared on social media that the anticipated launch date for the ETFs has been moved to July 2nd. This update comes after the
Despite Ethereum facing significant selling pressure and a 15% drop from March 2024, on-chain data indicates a positive outlook for the cryptocurrency. Analyzing the recent activity on the X platform, it is shown that there has been a noticeable surge in demand for ETH, particularly from long-term institutional holders. These permanent holders, who are typically
