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Search Results for: etfs

Bitcoin Faces Brief Resistance After Recent Rally, What Next?

Bitcoin (BTC), the leading cryptocurrency, is marginally between the bearish and bullish zones. It is trading above $64K, declining at 0.61% in the last 24 hours. Following the price dip, the global crypto market dropped by 1.06%, returning to $2.37 trillion. Bitcoin’s price action might be backed by speculation about

July 18, 2024 2 mins read

How is the Crypto Market Preparing for the Spot ETH ETF Launch?

The most anticipated US Spot Ethereum ETFs are expected to make their market debut on July 23. In preparation for the launch, issuers have filed their S-1 filings and made announcements on fees, custodians, and other facets of their respective products. The market has also seen several updates from the

July 18, 2024 2 mins read

21Shares Announces Waiving Fees for 6 Months of Spot Ethereum ETF

In an amended S-1 filed with US SEC on July 17, asset manager 21Shares detailed their plans to waive management fees for their 21Shares Core Ethereum ETF (CETH) completely for up to six months after listing, or until the fund receives $500 million. The fees were set at 0.21%. Moreover,

July 18, 2024 1 min read

Ethereum Whales Accumulate ETH in Anticipation of ETF Launch

The upcoming launch of spot Ether (ETH) exchange-traded funds (ETFs) in the U.S., expected next week, is projected to push ETH prices to new highs. Ethereum whales have been accumulating ETH in anticipation of the ETF launch. Wallets holding at least 0.1% of the total supply have shown a consistently

July 17, 2024 2 mins read

Can Ethereum Maintain Momentum with Rising Open Interest?

Ethereum (ETH) futures have seen a significant surge in open interest, reaching $14.18 billion, marking a 3.98% increase within the last 24 hours. This uptick reflects a sharp rise in trading activity, suggesting a growing bullish sentiment among traders toward Ethereum. Since the start of this week, Ethereum has displayed

July 17, 2024 2 mins read

Is Trump’s Pro-Crypto Stance a Game Changer for His Campaign?

Former President Donald Trump has announced plans to release a fourth NFT collection, as per an interview published Tuesday in Bloomberg Businessweek. Trump highlighted the success of his previous NFT ventures, noting that all 45,000 cards sold out in a day across three separate collections.  “The whole thing sold out…

July 17, 2024 2 mins read

Stripe to Expand Crypto Integration into EU, Boosting Accessibility

Stripe has revealed plans to expand its crypto integration into the EU. Customers will be able to use their credit or debit cards to buy a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The goal of this strategic initiative is to make buying and selling digital

July 17, 2024 2 mins read

Worldcoin (WLD) Surges 36% as TFH Extends Token Lockups to Five Years

In a recent announcement, Worldcoin contributor Tools For Humanity raised the duration of WLD token lockups from three to five years, with a distributed increase. Daily, in a linear form, over a longer duration, Worldcoin tokens that were awarded to early investors and TFH team members will be unlocked. Since

July 16, 2024 1 min read

Binance Research Releases Half-Year Report Highlighting Crypto Market’s Trajectory

Halfway through 2024, total crypto market capitalization maintained its ascent, reaching over $2.27T, reflecting a 37.3% gain year-to-date, after a robust 2023. Gains were concentrated in the first three months of the year, when they increased by a substantial 60.2%. The cryptocurrency market lost some of its gains and sank

July 16, 2024 3 mins read

Ripple (XRP) Signals Recovery as Optimism Grows Pre-SEC Settlement

While the global crypto market turns positive, Ripple’s XRP has firm signs of resurgence, bolstered by improving market sentiment and anticipation surrounding upcoming SEC developments.  The XRP market sentiment has notably turned positive, buoyed by expectations surrounding an upcoming SEC settlement discussion scheduled for July 18th. Speculation is rife that

July 16, 2024 2 mins read