A recent update from SWIFT (Society for Worldwide Interbank Financial Telecommunication), has sparked speculations of a possible price rally for Ethereum. Titled Streamlining the Global Movement of Digital Assets and Currencies, a SWIFT blog post shared on X, highlighted efforts to provide real-world solutions to facilitate transactions between members and regulated digital assets. Notably, the…
Currently, there’s a lot of debate and discussion over the impact of Layer 2 solutions on the Ethereum ecosystem. The Ethereum blockchain community is sailing through rough waters, with revenue hitting no lows. Discussions have sparked as to how the Layer 2 platforms are taking the lion’s share of revenue while Ethereum mainnet suffers. Are…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 VanEck, a major investment management company, has revealed its intentions to discontinue and liquidate its Ethereum ETF Futures (EFUT). This decision, approved by the VanEck ETF Trust Board recently, comes as Ethereum-focused investment products face difficulties due to market fluctuation. This move represents a significant blow to Ethereum’s (ETH)…
September 7, 2024 at 07:54 PM GST 2 mins read News VanEck’s Matthew Sigel defends Ethereum’s economic model, emphasizing its role in DeFi and blockchain applications despite bearish market sentiment. Ethereum faces challenges from weak ETF demand but its focus on data availability could drive future growth. Despite current price struggles, analysts remain optimistic about…
Top investment asset management firm VanEck has decided to cease and liquidate its Ethereum ETF Futures (EFUT) listed on the Chicago Board Options Exchange (CBOE). This is not entirely positive news for Ethereum, considering it has struggled in the last few weeks. Following the news, Ethereum’s price dropped by 6.1% in the last 24 hours…
September 7, 2024 at 04:50 AM GST updated: September 7, 2024 at 04:46 AM 2 mins read News VanEck is set to shut its Ethereum Futures ETF (EFUT) in favor of its recently authorized spot Ethereum ETF (ETHV). The shareholders have up to September 16 to sell their EFUT shares The closure is consistent with…
Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a Sept. 6 statement. VanEck cited performance, liquidity, assets under management (AUM), and investor interest as factors behind its decision. The firm also noted the recent approval of its spot Ethereum ETP, ETHV, by the US…
U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Bitcoin ETFs Enjoy 8th Straight Day of Inflows With $202M Boost On Aug. 26, the 12 spot bitcoin ETFs…
August 24, 2024 at 04:47 PM GST 2 mins read News TRON captures 93% of revenue among top five blockchains, leading in stablecoin payments across key global regions. TRON’s value surged 20% in the past week, showing strong investor confidence and steady price growth. Ethereum faced $458M in ETF outflows since August 15, while TRON…
August 21, 2024 at 01:17 PM GST updated: August 21, 2024 at 11:29 AM 2 mins read News Bitcoin miners might benefit from the AI sector’s rising energy demands, potentially transforming the mining landscape. Bitcoin mining stocks have a notable valuation gap compared to data center stocks, with early movers seeing gains. Bitcoin miners face…
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a significant development, the United States Securities and Exchange Commission (SEC) has rejected several 19b-4 applications. According to a source familiar with the matter, the Cboe BZX Exchange submitted an application on behalf of two potential issuers for a spot Solana Exchange-Traded Fund (ETF). SEC Denial Comes Amid…
Matthew Sigel, VanEck’s head of digital assets research, said the firm’s Solana spot exchange-traded fund (ETF) application is still active despite the removal of the 19b-4 form from the Chicago Board Options Exchange (Cboe) website. Over the weekend, the crypto community noticed that the 19b-4 filings for VanEck and 21Shares—documents filed by exchanges on behalf…
Asset manager VanEck remains committed to launching a Solana exchange-traded fund (ETF) despite recent developments that have sparked speculation about the project’s future. The uncertainty started after Cboe Global Markets’ regulatory filing proposing to list the fund was removed from its website. Cboe Filing Removal Matthew Sigel, VanEck’s head of digital assets research, addressed concerns…