Ethereum

Grayscale’s new Bitcoin Mini Trust offers the lowest fees in the US

August 1, 2024 1 min read

Grayscale has released the Bitcoin Mini Trust, a new way to buy that costs less than the Grayscale Bitcoin Trust (GBTC). The trust is a cheaper way to invest in Bitcoin and has been allowed by the US Securities and Exchange Commission (SEC). It is the cheapest Bitcoin exchange-traded product (ETP) in the United States, with an expense ratio of 0.15% when it launched. It did better than newly launched

NVDA’s 30-day implied volatility surpasses Bitcoin and Ethereum’s

August 1, 2024 1 min read

Nvidia (NVDA), a well-known stock in the artificial intelligence (AI) field, is likely to see bigger price changes than Bitcoin and Ethereum, which are the two most popular cryptocurrencies. It has gone from 48% to 71% for NVDA’s 30-day options implied volatility, but it has gone down from 68% to 49% for Deribit’s bitcoin DVOL index. It used to be 70%, but now it’s only 55%. Options are contracts that

US spot Ethereum ETFs surge with $1.18 billion in inflows, driven by strong performances from BlackRock’s ETHA and Fidelity’s FETH

July 30, 2024 1 min read

For the week ending July 26, 2024, a net of $1.183 billion came into US spot Ethereum exchange-traded funds (ETFs). This does not include Grayscale’s ETHE and ProShares’ EETH. Even though Grayscale’s ETHE lost $1.513 billion and ProShares’ EETH lost $8 million, most funds saw positive gains, which shows that investors are becoming more interested in the Ethereum ETF market as a whole. BlackRock’s ETHA and Fidelity’s FETH were the

Grayscale’s Ethereum Trust experiences $1.5 billion in net outflows since it was converted into an ETF

July 29, 2024 1 min read

New US spot Ethereum exchange-traded funds (ETFs) have had a rough start. After just one week of trading, buyers pulled about $1.5 billion from Grayscale’s fund. On Tuesday, more than $450 million worth of trades took place in the $9.1 billion Grayscale Ethereum Trust (ETHE). This was more than half of all trading action. However, $590 million went into other ETFs, mostly BlackRock’s iShares Ethereum Trust (ETHA), which brought in

Ethereum (ETH) Price Struggles Despite the ETFs Launch

July 27, 2024 1 min read

The price of Ethereum (ETH) has witnessed a substantial downturn following the introduction of the Spot Ethereum ETFs, suggesting that the debut was a “sell the news” occurrence. According to an analysis, Ethereum has experienced a 10% decrease in value since trading commenced on July 23. Further losses may occur. Markus Thielen, the Head of Research at Matrixport, provided a comprehensive explanation for the decrease in the price of ETH.

Solana’s price surges by over 8%, from $165 to a high of $180

July 27, 2024 1 min read

Solana (SOL) has garnered significant interest in the international crypto market as a result of the substantial increase in Bitcoin’s value and the news of the Ethereum Exchange-Traded Fund (ETF). Franklin Templeton, a well-known investment management company, is contemplating the submission of a Solana Exchange-Traded Fund (ETF), in line with the actions taken by VanEck and 21Shares. The price of Solana has surged by more than 8.48% in the last

Grayscale Ethereum ETF sees over $1 billion in outflows since its debut

July 26, 2024 1 min read

Grayscale’s Ethereum ETF (ETHE) lost over $1 billion in three trading days after its conversion, lowering assets under management from $9 billion to $7.4 billion. Inflows were led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $71 million and followed by Grayscale’s Ethereum Mini Trust (ETH), a spinoff of Ethereum Trust. Fidelity’s Ethereum Fund (FETH), Bitwise’s Ethereum ETF (ETHW), VanEck’s Ethereum ETF (ETHV), and Invesco/Galaxy’s QETH all saw inflows. A

The Grayscale Ethereum Trust (ETHE) has lost more than $800 million

July 25, 2024 1 min read

The introduction of Ethereum ETFs in the US market has resulted in substantial market changes, with the Grayscale Ethereum Trust (ETHE) losing more than $800 million since its establishment. The inherent unpredictability and intricate nature of crypto ETF launch events resulted in a significant withdrawal of $26.7 million over two days, causing a sharp decline in the price of Ethereum. Although Fidelity’s Ethereum ETF received an investment of $74.5 million

Ethereum (ETH) price falls by over 7%, while the overall crypto market was down nearly 4%

July 25, 2024 1 min read

Ethereum (ETH) declined by over 7% throughout the last 24 hours, while the entire cryptocurrency market decreased by over 4%. This drop is attributed to investors evaluating the consequences of Mt. Gox’s recent transactions and broader economic events. At the time of writing, the value of Ether was around $3,185, reflecting a decrease of 7.9% in the past 24 hours. At the time of writing, the value of Bitcoin had

Anthony Pompliano discusses the SEC’s approval of Ethereum ETFs

July 25, 2024 1 min read

The approval of Ethereum Exchange-Traded Funds (ETFs) by the SEC has generated enthusiasm within the cryptocurrency sector. Anthony Pompliano, the CEO of Professional Capital Management, anticipates that while Ethereum ETFs may not generate as much excitement as Bitcoin ETFs, they will contribute to the wider adoption of cryptocurrencies. Pompliano credited the strong performance of Bitcoin ETFs to the significant amount of money flowing into them, as evidenced by BlackRock’s Bitcoin

Tron Network and Ethereum hit new milestones in the number of transactions

July 24, 2024 1 min read

In recent weeks, there has been a notable surge of activity in the cryptocurrency market, particularly with the Tron Network and Ethereum blockchains achieving noteworthy milestones. The Tron Network has achieved a total of 8.1 billion transactions, with a recent daily volume of 6.8 million transactions. The TRON (TRX) native token accounted for the biggest proportion of transactions, making up 37.97% of the total. The network’s transaction count at the

BlackRock’s Ethereum ETF launch sees over $260 million in inflows

July 24, 2024 1 min read

The introduction of spot Ethereum ETFs in the United States has marked a noteworthy achievement for crypto fans and investors. The Ethereum ETF (ETHA) offered by BlackRock attracted the highest amount of new investments, totaling $266.5 million. This resulted in a daily trading volume above $1 billion. The Grayscale Ethereum Trust (ETHE) witnessed substantial outflows amounting to $484.1 million, in contrast to other ETFs which observed a combination of inflows