Bloomberg Analyst Doubles Down on July 2 Spot Ether ETF Launch Date Amidst Surge in S-1 Filings

June 23, 2024 Bitcoin.com

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Bloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds (ETFs) after observing a surge in amended S-1 (registration statement) filings on Friday. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated that spot ether ETFs will launch this summer, pending the SEC’s […]

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Bitcoin and Ether can ‘greatly improve’ portfolio performance: BBVA

June 18, 2024 Coin Telegraph

bitcoin adoption

Bitcoin’s price has outperformed the returns from the S&P 500 more than threefold in 2024.

Exposure to Bitcoin and Ether, the two largest cryptocurrencies, will significantly boost the returns of traditional investment portfolios.

Adding Bitcoin (BTC) and Ether (ETH) to investor portfolios will “greatly improve” the return on investment (ROI), according to Philippe Meyer, head of digital and blockchain solutions at BBVA.

During a panel at the Web3 Corporate Innovation Day, Meyer said that the firm had observed that introducing a small portion of digital assets like Bitcoin or Ether is “greatly improving the performance” of investment portfolios:

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer

June 16, 2024 Bitcoin.com

bitcoin.com

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether ETFs can launch. Gary Gensler Answers Crypto Questions The […]

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

ETH, TON, UNI, and XMR could rally if Bitcoin clears $68,000

June 16, 2024 Coin Telegraph

Bitcoin

Bitcoin price needs to rise above $68,000 to sustain buying in ETH, TON, UNI, and XMR.

Bitcoin (BTC) is down more than 4% this week, signaling that the bears are active near $70,000. However, Bitcoin investors seem to be viewing the dips as a buying opportunity. Market intelligence firm Santiment said in a post on X that Bitcoin’s dip to $66,600 saw a surge in buying while selling interest remained dormant.

Even as Bitcoin is trying to find a short-term bottom, Ether (ETH) is attempting a rebound off its recent drop below $3,400 on June 14. The solid demand at lower levels could be due to the expected launch of the spot Ether exchange-traded funds (ETFs). Bloomberg ETF analyst Eric Balchunas anticipates Ether ETFs to start trading as early as July 2.

Bitcoin’s recent weakness has increased selling pressure in several altcoins, which have dropped near or below their immediate support levels. However, if Bitcoin manages to stage a comeback, select altcoins are likely to witness solid buying at lower levels.

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2

June 15, 2024 Bitcoin.com

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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 […]

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

3 metrics suggest that Ethereum (ETH) price downside is not over

June 11, 2024 Coin Telegraph

Coin Telegraph

Ethereum price has had a rocky week and data suggests that more downside could be on the way.

After rallying to $3,972 after the approval of spot Ethereum exchange-traded funds (ETFs), Ether (ETH) has underperformed over the last week, down 10%, compared to Bitcoin and the broader crypto market, leading traders to doubt whether the altcoin’s downtrend is over.

To put this into context, Bitcoin’s (BTC) price fell by 6% during the same period, while the total cryptocurrency market capitalization dropped by 5.3%.

A number of market and technical indicators show that ETH may witness a deeper correction before making another attempt at recovery.

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Ethereum Technical Analysis: ETH Faces Tight Trading Range Under Resistance

June 10, 2024 Bitcoin.com

bitcoin.com

Ethereum (ETH) continues to showcase its volatility and potential for strategic trading. As of June 10, 2024, ethereum’s price stands at $3,677, reflecting a daily range of $3,654 to $3,714. Ethereum Ethereum’s 1-hour chart reveals short-term volatility, with ether’s price testing lower levels around $3,642 and struggling to maintain above $3,700. Key support is identified […]

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

Ethereum ETF June launch ‘legit possibility’ as BlackRock files S-1

May 29, 2024 Coin Telegraph

blackrock

BlackRock updated its Form S-1 for its spot Ether ETF, which analysts say is a “good sign” that issuers and the SEC are working on ETF launches.

United States spot Ether (ETH) exchange-traded funds (ETFs) have a “legit possibility” of launching by late June, according to analysts, after BlackRock updated a key filing necessary for launch.

On May 29, BlackRock updated its Form S-1 for its iShares Ethereum Trust (ETHA) with the Securities and Exchange Commission nearly a week after the regulator approved its 19b-4 filing — both need approval for the ETF to start trading.

“Good sign. [Probably] see rest roll in soon.” Bloomberg ETF analyst Eric Balchunas said in a May 29 X post.

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Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals

May 29, 2024 Bitcoin.com

bitcoin.com

Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices, ethereum futures markets have achieved a record high in open interest. […]

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

Microstrategy’s Michael Saylor States Spot Ether ETF Approval ‘May Be Better for Bitcoin’

May 28, 2024 Bitcoin.com

Bitcoin

Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for Bitcoin. In “What Bitcoin Did,” Peter McCormack’s podcast, Saylor stated this approval gives rise to a crypto asset class, including several use cases like tokens, NFTs, and defi, with Bitcoin at […]

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