Ethereum’s price is stabilizing around $1,800, a psychological resistance level for months, amid growing ETF approval buzz. Ethereum’s native token, Ether (ETH), is up today, mirroring gains elsewhere in the cryptocurrency market as investors go bullish on a potential spot Bitcoin ETF approval in the U.S. On Oct. 25, ETH’s price stabilized around $1,800, a…
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Day one trading volume across all nine products stood at less than $2 million. The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds (ETFs) appears to have yielded little in the way of investment dollars in comparison. On Oct. 2, nine new ETF products, which are designed to track…
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Asset management firm Valkyrie, one of the frontrunners for the first Ethereum ETF (exchange-traded fund) in the United States, has decided to pause its purchase of Ether futures contracts until the US Securities and Exchange Commission approves an Ether futures ETF. This comes barely a day after the asset manager reportedly secured approval to offer…
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Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days. The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will “ultimately start the clock” for an SEC decision. On Sept. 6, the…
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The co-filing comes just a week after reports emerged that the SEC is likely to greenlight Ethereum ETF applications. Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications. The two proposed…
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The closing of NFT project Recur comes two years after it was valued at $333 million and had the backing of an Ethereum co-founder, the Winklevoss twins and Gary Vee. NFT platform Recur shuts down despite $50M funding round Nonfungible token (NFT) platform Recur is winding down operations despite a highly-anticipated launch less than two…
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The crypto space is on the verge of another potentially historic moment with the first Ethereum Futures ETF in the US. Volatility Shares, a pioneer in the ETF space, has announced its intention to launch the Ether Strategy ETF (Ticker: ETHU) on October 12, 2023. If all goes as planned, this could mark the first…
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