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 […]

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

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.

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

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

June 15, 2024 Bitcoin.com

bitcoin.com

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 […]

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

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.

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

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 […]

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

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.

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

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. […]

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

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 […]

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

May 28, 2024 Coin Telegraph

Grayscale’s Ethereum ETF could bleed 0M daily in first month: Kaiko

Coin Telegraph

If Grayscale’s slated spot Ether ETF follows the same path as its Bitcoin one, there could be some short-term pressure on the price of ETH.

Grayscale’s yet-to-launch spot Ether (ETH) exchange-traded fund (ETF) could bleed an average of $110 million per day if it follows a similar pattern to its Grayscale Bitcoin Trust in the first month.

The Grayscale Bitcoin Trust (GBTC) converted from a closed-end fund to an ETF on Jan. 11, which saw 23% of its assets under management at launch flow out in the first month — totaling $6.5 billion, Kaiko analysts wrote in a May 27 report.

ETHE has an AUM of $11 billion. If it has “a similar magnitude of outflows” as GBTC, “this would amount to $110 million of average daily outflows or 30% of ETH’s average daily volume on Coinbase,” according to Kaiko.

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

Ethereum price in ‘bull market’ after spot ETH ETF approvals greenlight rally toward $4K

May 27, 2024 Coin Telegraph

Ethereum price in ‘bull market’ after spot ETH ETF approvals greenlight rally toward K

Coin Telegraph

With the spot ETH ETFs approved, traders are confident that Ethereum price is ready to rally well above $4,000.

Traders continue to push Ether (ETH) price closer to $4,000 on May 27, with the altcoin registering a 3.5% gain for the day.

Data from Cointelegraph Markets Pro and TradingView shows strong performance from Ether which rose from a low of $3,048 on May 20, climbing 27% to reach a 10-week high of $3,964 on May 27.

Ether’s performance over the last seven days has largely been driven by the markets’ anticipation that the spot Ethereum exchange-traded funds (ETFs) in the United States would be approved. Even though ETH displayed a lackluster performance after the approval, the move toward $4,000 is viewed as significant.

ether

Share this video