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Jersey City mayor and NJ gubernatorial candidate Fulop sees bitcoin as an ‘inflation hedge’

Mayor Fulop of Jersey City announces municipal pension investment in bitcoin, citing inflation concerns and positioning the city for potential crypto industry growth amid political support for cryptocurrencies.

theblock.co • 26/07/2024 - 17:11 PM

Jersey City mayor and NJ gubernatorial candidate Fulop sees bitcoin as an ‘inflation hedge’

Jersey City Mayor Steven Fulop told The Block the municipal pension fund is investing in bitcoin ETFs as an “inflation hedge.” Fulop, a gubernatorial candidate, is not alone as a politician in leaning into bitcoin to counter the rising cost of living. The mayor of the Garden State’s second-largest city said that extensive conversations would have to happen before the city invested in Ethereum ETFs or bitcoin outright.

theblock.co • 26/07/2024 - 17:11 PM

At this rate, Grayscale's ETHE could run out of ether within weeks

The article discusses the mixed performance of U.S. spot Ethereum ETFs, focusing on significant net inflows and outflows, particularly concerning Grayscale's ETHE amid broader market corrections.

theblock.co • 26/07/2024 - 12:02 PM

SPOT ETHEREUM ETF

Bitwise hangs banner on NYSE facade to promote spot Ethereum ETF

Bitwise Asset Management launched its Ethereum ETF, generating significant inflows, while other U.S. spot ether ETFs faced outflows, indicating mixed market reactions.

theblock.co • 26/07/2024 - 08:55 AM

US spot Ethereum ETFs see $152 million in net outflows on third day

U.S. spot Ethereum ETFs faced $152.3 million net outflows, while spot bitcoin ETFs saw $31.16 million in net inflows, according to recent trading data.

theblock.co • 26/07/2024 - 05:06 AM

SPOT ETHEREUM ETF

Spot Ethereum ETF trading volume cools in third day, falls under $900 million

Spot Ethereum ETFs showed initial strength but faced cooling demand and significant net outflows, with ether's price dropping nearly 10% since the launch.

theblock.co • 25/07/2024 - 20:26 PM

US spot Ethereum ETFs saw $133 million in net outflows on second trading day

U.S. Ethereum ETFs saw significant outflows, while Bitcoin ETFs experienced positives. Both markets faced drops in asset prices and influenced stock market downturn.

theblock.co • 25/07/2024 - 04:35 AM

SPOT ETHEREUM ETF

Jersey City mayor and NJ gubernatorial candidate Fulop sees bitcoin as an ‘inflation hedge’

Jersey City mayor and NJ gubernatorial candidate Fulop sees bitcoin as an ‘inflation hedge’

At this rate, Grayscale's ETHE could run out of ether within weeks

Bitwise hangs banner on NYSE facade to promote spot Ethereum ETF

US spot Ethereum ETFs see $152 million in net outflows on third day

Spot Ethereum ETF trading volume cools in third day, falls under $900 million

US spot Ethereum ETFs saw $133 million in net outflows on second trading day

Spot Ethereum ETFs generate $951 million in volume in second day of trading

Experts react to spot Ethereum ETFs debut, compare it to Bitcoin ETF launch

The Scoop: Ether ETFs make their entrance

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