Grayscale has pulled its Ethereum futures ETF application with the SEC, submitted on September 23, 2023, citing repeated delays. The SEC’s latest postponement, on March 22, added to the frustration. Grayscale’s past win against the SEC on Bitcoin futures ETFs shaped its Ethereum ETF strategy. Grayscale, a top player in managing cryptocurrency assets, has made it…
The cryptocurrency market is experiencing a notable surge, led by Bitcoin, with Ethereum also showing significant growth. According to crypto expert John Doe, the market is dynamic, with new developments unfolding regularly. Let’s delve into what’s happening in the world of cryptocurrency, particularly the recent surge in Bitcoin and Ethereum. Both of these digital currencies…
Hong Kong’s Bitcoin ETFs have launched, and their success depends on how investors navigate tight regulations. The news has already boosted Bitcoin’s price by 2%, now trading at $63,700. These ETFs mark a milestone for Hong Kong’s push to become a regulated digital asset hub. Hong Kong’s Bitcoin ETFs enable swapping assets for fund units…
Insiders reveal that the US Securities and Exchange Commission (SEC) is likely to reject the approval of spot Ethereum Exchange-Traded Funds (ETFs) next month. The SEC’s approach towards approving these ETFs has been uncertain, with delays and a lack of interest in specifics. Sources familiar with the matter suggest that the SEC’s stance on categorizing…
The price of Ethereum has maintained its gains above the $3,120 resistance level. There’s potential for ETH to experience a rally in the near future if it manages to surpass the $3,280 resistance zone. Ethereum has continued its upward movement beyond the $3,220 resistance level, with the price trading above $3,165 and the 100-hourly Simple…
Amendments are slowing down SEC decisions for both BlackRock and Grayscale, despite experts indicating the agency’s limited involvement. The SEC will delay rulings on BlackRock and Grayscale’s spot Ethereum (ETH) exchange-traded fund (ETF) applications, each valued at $3,229. The SEC announced delays in deciding on Grayscale’s application and in making amendments to BlackRock’s application just…
Ethereum’s price fell below $3,000, prompting increased whale activity on Binance. Despite the dip caused by the Israel-Iran conflict, Ethereum swiftly rebounded, exceeding $3,150. This recovery is driven by whales purchasing substantial amounts during price drops. Matrixport bought $50 million ETH on Binance, capitalizing on price dips below $3,000. Top Ethereum whales follow suit, leveraging…
Ethereum (ETH) saw unusually large transactions as big investors became active during a price rebound. The price of Ethereum, one of the leading cryptocurrencies, has been highly volatile in the last day. Following a sudden drop yesterday, where millions of dollars’ worth of positions were sold in a short time, Ethereum’s price fell by 3.1%…
Bitcoin (BTC) surged by 2.73% on Monday, reaching a closing price of $71,315. Notably, attention is drawn to BTC-spot ETF market flow data for April 8 and April 9, which could impact investor decisions as the Bitcoin halving event approaches. Additionally, factors such as FOMC member discussions, SEC activities, and developments among US lawmakers should…
Derivatives traders are eyeing higher strike prices for Ethereum by the end of April as Ether surged 8% to around $3,700 in spot crypto markets on Monday. This uptick in price was accompanied by increased social sentiment and optimism among traders. Over the past 24 hours, Ether’s price has seen an 8% gain, reaching an…