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2024-06-20 08:15:14 Elevated Ether Volatility Expectations May Be Unfounded

Spot ether exchange-traded funds (ETFs) are expected to begin trading in the U.S. this year. The highly anticipated debut has investors positioning for higher volatility in the ether (ETH) price relative to bitcoin (BTC). The spread between the forward-looking, 30-day implied volatility indexes for ether (ETH DVOL) and bitcoin (BTC DVOL) flipped positive in April on dominant crypto options exchange Deribit. Since then, it has risen to 17%, according to data tracked by Amberdata. Implied volatility estimates the degree of future price swings based on options prices.

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2024-06-19 19:50:34 Hedge funds betting on SEC greenlighting spot Ethereum ETFs – VanEck

VanEck head of digital assets research Matthew Sigel believes financial institutions are gearing up for the imminent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US despite the funds pending regulatory approval. He added that data from K33 Research indicates a significant rise in inflows to Ether exchange-traded products (ETPs) outside the US markets, which suggests that large investors are preparing for the regulatory green light for the spot Ethereum ETFs.

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2024-06-19 09:49:58 Bitwise discloses $2.5 million seed investment in latest amended filing for its spot Ethereum ETF

Bitwise updated its registration form for its spot Ethereum exchange-traded fund as the asset management firm, among others, waits for the go-ahead from the U.S. Securities and Exchange Commission to list and trade those products. Bitwise included some new details in its updated S-1 form for the Bitwise Ethereum ETF, including language about a $2.5 million seed investment.

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2024-06-18 21:39:59 Global Ethereum ETPs outperform Bitcoin counterparts ahead of anticipated ETF launch in US

Global Ethereum exchange-traded products have outperformed their Bitcoin counterparts over the past week ahead of the highly-anticipated launch of spot Ethereum exchange-traded funds in the U.S. Ethereum ETPs generated net inflows for their fourth consecutive week, totaling 16,911 ETH, according to data from K33 Research. Meanwhile, Bitcoin ETPs saw net outflows of 12,523 BTC — the third-worst week to date — primarily driven by U.S. spot Bitcoin ETF net outflows.

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2024-06-18 07:49:58 Ethereum Scaling Solutions Soar to New Heights: Data

The price front remains quiet, but Ethereum scaling solutions appear to be thriving. The latest data suggests a surge driven by not just Layer 2 networks but lesser-known Layer 3 entities as well. According to L2beat, these scaling networks built on top of Ethereum have collectively reached over 246 TPS on June 16, representing a new all-time high. This, in turn, translated to an estimated 21.2 million transactions over the course of the day.

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2024-06-17 20:34:58 Tether launches token 'supported' by Swiss-stored gold as part of new line of synthetic crypto

Tether, the world's biggest supplier of dollar-pegged stablecoins, announced it is unveiling a new category of crypto called "tethered assets." It's kicking off the launch of the line of digital assets by introducing of a new token "supported by real physical gold stored in Switzerland," according to a statement released Monday. The first token Tether is launching, dubbed "Alloy by Tether," is being called aUSDT, the statement said.

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2024-06-17 09:45:25 Crypto Investments Hit $1 Billion in May With Ethereum Dominating: KuCoin

KuCoin exchange’s research arm released a report on cryptocurrency performance in May, noting $1 billion in new investments – a slight decrease from April. Earlier this week, KuCoin Research published a report indicating that in May alone, the crypto realm saw a public disclosure of about 156 investments. The total amounts invested in the 156 projects summed up to about $1.02 billion.

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2024-06-16 08:40:13 Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2

Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings. The analyst believes there is a decent chance the SEC will approve the filings next week, aiming to finalize them before the holiday weekend.

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2024-06-15 21:15:37 Bernstein raises long-term Bitcoin price projection to $1 million by 2033, initiates MicroStrategy coverage

Bernstein has doubled down on its optimistic Bitcoin price projections, raising its long-term forecast to $1 million by 2033, driven by unprecedented demand and constrained supply. Bernstein analysts also revised their predictions for the current cycle and now project the flagship crypto to hit $200,000 by the end of 2025, up from its earlier estimate of $150,000. The firm also predicted Bitcoin will climb to $500,000 by 2029.

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2024-06-13 20:33:42 Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler

The final approvals for exchange-traded funds (ETFs) trading Ethereum's ether (ETH) should be finished this summer, U.S. Securities and Exchange Commission Chair Gary Gensler told senators in a budget hearing on Thursday. Gensler told a subcommittee of the Senate Appropriations Committee in a hearing justifying the market regulator's budget that the process is "working smoothly" after the initial approval of a group of ETFs.

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