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Spot Ethereum ETFs generate over $1 billion in trading volume on first day

Ethereum spot ETFs launched with over $1 billion in trading volume, reflecting strong market interest. Grayscale Ethereum Trust topped volumes, while analysts predict strong performance compared to Bitcoin ETFs.

theblock.co • 23/07/2024 - 20:20 PM

Ethereum ETFs hit $300 million in trading volume in first hour of being live on the market

Spot Ethereum ETFs launched, generating $300 million trading volume within 75 minutes. Analysts predict strong performance, though less frenzied than Bitcoin ETF launch.

theblock.co • 23/07/2024 - 15:09 PM

CRYPTO MOVERS

Ethereum Grayscale Trust outflows could weigh on ether price after today's ETF launch, analyst says

U.S. investors can now purchase ether via spot ETFs, but concerns arise over Grayscale's fees and lack of staking rewards; long-term demand may still increase.

theblock.co • 23/07/2024 - 14:26 PM

BTC options implied volatility is surging ahead of Trump's upcoming appearance at Bitcoin 2024: analysts

Trump's appearance at a Bitcoin conference is influencing market volatility as analysts anticipate significant movements in Bitcoin price and sentiment leading up to key events.

theblock.co • 23/07/2024 - 11:18 AM

Crypto majors trade flat despite stock rebound as markets factor in Biden's decision to step aside

Crypto markets remain stable as U.S. stocks rise, following Biden's electoral withdrawal. Bitcoin fluctuates after an earlier surge, while market cap drops slightly.

theblock.co • 22/07/2024 - 15:46 PM

Bitcoin to benefit from 'the Trump trade' ahead of November US elections, analysts say

Bitcoin may surge leading to November elections due to Trump's anticipated victory, while Kamala Harris gains support and influences memecoin market.

theblock.co • 22/07/2024 - 13:49 PM

CRYPTO MOVERS

Ethereum could encounter sell pressure after ETF debut, amid surge in implied volatility: analyst

Derivatives market predicts volatility for ether amid new ETF trading, with potential short-term dips followed by long-term price recovery due to increased demand.

theblock.co • 22/07/2024 - 11:33 AM