Bloomberg’s senior ETF analyst Eric Balchunas said that on October 12, 2023, Volatility Shares will introduce the Ether Strategy ETF (Ticker: ETHU). It will be the first exchange-traded fund (ETF) to provide institutional investors in the U.S. with exposure to Ether. However, the US SEC has not yet approved Volatility
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself ensnared in a tug-of-war between bullish and bearish forces, leading to a struggle in breaking through the $2000 mark. ETH had a 4.36% decline over the span of a month. Moreover, it is further echoed by a 3.04% drop in trading
Ethereum, the second-largest cryptocurrency by market capitalization has shown relatively neutral momentum. Currently priced at $1,850, it is yet to breach the $2,000 mark, a level achieved two weeks prior. This came after a partial win for Ripple in the SEC lawsuit, which was short-lived. Examining the past month, Ethereum
Donald Trump, the former United States President, holds a substantial amount of cryptocurrency in an Ethereum wallet. The revelation underscores the evolving relationship between politics and cryptocurrencies. The wallet appears to be linked to a collection of non-fungible tokens (NFT) that he sold after leaving the White House. According to
As Ethereum’s volatility drops low, the on-chain analytics business IntoTheBlock claims a huge decrease in ETH fees. IntoTheBlock reported this week that Ethereum transaction costs have been reduced by a substantial 21.2%. The weekly total of $34.8 million spent on Ethereum fees is the lowest it’s been in two months.
Visa, an America-based multinational financial services corporation has brought an easier way of traditional payment services for the crypto industry. Post enabling auto payments for self-custodial wallets, Visa supports transactions towards blockchain gas fees. In a blog post published on Thursday, Visa said that testing of a mechanism that would
Ethereum’s liquid staking sector has commanded explosive growth in 2023 as more investors look to benefit from the network’s staking rewards. Total ETH staked has risen in excess of 60% since the year’s open, meaning that more than $45 billion in ETH now helps to secure the network. This tremendous
The global cryptocurrency market is currently experiencing a recovery, largely attributed to XRP’s reclassification as a non-security in Ripple’s partial victory against the SEC. Additionally, Ethereum (ETH), the second-largest cryptocurrency, has witnessed a significant rally of over 55% since the beginning of 2023. The digital currency has managed to stage
Ethereum’s fee revenue has outpaced the ETH price year-to-date (YTD), signaling a significant shift in the cryptocurrency market. This development marks the first time in two years that fees have exceeded the price of Ethereum, indicating a return to the unprecedented surge witnessed in 2020. According to insights provided by
Ethereum (ETH), the leading altcoin by market capitalization, has experienced a slight recovery of 0.13% after reaching a weekly low of $1,804 on August 7. However, the trading price of ETH still stays below the $1,900 mark, showing bearish momentum in the crypto market. Yesterday, Ethereum experienced a downtrend that
