Asset management giant BlackRock has officially submitted a filing for a spot Ethereum exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). This development underscores BlackRock’s increasing commitment to cryptocurrency investments and follows its recent registration of the iShares Ethereum Trust in Delaware. BlackRock filed for a
A decision on the Grayscale Ethereum futures ETF proposal has been postponed as the United States SEC delays its judgement. This proposal was first presented to the SEC by Grayscale Investments in September. It outlined a fund in which investors could buy shares based on their forecasts for the value
Bitcoin enthusiasts witnessed a stirring moment in the market as the leading cryptocurrency, by market capitalization, surged to new 18-month high of $37,904, tantalizingly close to breaching the $38,000 mark in recent hours. After a prolonged lull, the Bitcoin bulls made a notable comeback, propelling a remarkable 33% surge in
Binance’s CEO, Changpeng Zhao (CZ), thinks Bitcoin mining is the most outstanding business model ever. This observation came as news surfaced that miners were raking in record amounts of money from block rewards and transaction fees, with some days seeing earnings of over $44 million. This number exceeded the April
Ethereum has faced a setback, witnessing a 3.83% decline over the past 24 hours, bringing its value to $1,980. This contrasts with its positive performance over the week, where the coin showed an uptrend of 7%, climbing from $1,879 to its current position. The decline in Ethereum’s value follows its
Boyaa Interactive, a key participant in China’s board and card game sector that is listed on the Hong Kong Stock Exchange, has stated that it would invest up to $100 million in Bitcoin and Ethereum over the course of the next year. This action shows that the corporation recognizes the
Bitcoin, the leading cryptocurrency by market cap, is currently stirring concern as bearish signals emerge. Despite hitting an eighteen-month high of $38,012, it has faced significant price volatility over the past three days. Presently, BTC is trading at $36,559, marking a two percent decline in the last 24 hours. Data
This year has seen a three-fold surge in the total number of crypto wallet addresses holding more than $1 million in Bitcoin. BitInfoCharts reports that the number of addresses holding in excess of $1 million dollars in BTC has increased by 237% from January 1 (when there were 23,795) to
Recent substantial spikes in the crypto market may be attributed to a confluence of optimistic events in the industry. BlackRock was the primary catalyst as the company filed for a spot ether ETF with the State of Delaware, which drove the prices of most cryptocurrencies. Market confidence has been strengthened
Ethereum has been a focal point of discussions in the cryptocurrency world this week, making significant strides in its price. It surged above $2,000, reaching a six-month high of $2,136 yesterday, marking a 13% increase in the past seven days. Several factors appear to have contributed to this surge, mainly
