Exchange-traded fund (ETF) provider Volatility Shares postponed the debut of their Ether futures ETF on October 2 due to market conditions. After being questioned whether there were still intentions to introduce an ETH futures ETF, company’s co-founder and president, Justin Young said, “Of course,” adding, “plans are TBD.” Futures contracts
Initial trading activity for Ethereum futures exchange-traded funds (ETFs) was much lower than expected. Recent Ether futures exchange-traded funds failed to make a major impression despite being billed as revolutionary products. On its first day of trading, less than $2 million was traded across all nine ETFs. Valkyrie’s BTF futures
In a rollercoaster week for the global cryptocurrency market, Bitcoin (BTC) led a bullish rally, nearly reaching a seven-week high of $28.3K on Monday, positively influencing various digital currencies. However, the market faced a sudden downturn today, plummeting by 2.56%. Bitcoin (BTC) Price Chart (Source: CoinMarketCap) Bitcoin experienced a surge
In a surprising turn of events on October 2, 2023, prominent whale data collector Whale Alert reported two substantial Tether (USDT) transactions worth $50 million each, originating from renowned crypto exchange Bitfinex and directed towards the “Tether Treasury” address. These transfers took place within a span of just two minutes,
Ether Futures Exchange Traded Funds (ETFs) by major players like VanEck and Proshares goes live, marking a new era for the cryptocurrency sector and the ETF market as a whole. The SEC has been notoriously slow to approve Bitcoin ETFs, so this news comes as somewhat of a surprise. According
With the recent green light given to the first Ether futures ETF, Grayscale Investments is trying to transform its Grayscale Ethereum Trust into a spot Ether ETF. On October 2, the New York Stock Exchange Arca submitted a conversion application to the U.S. SEC. Previously, Grayscale’s trust had invested in
Just like a Phoenix, Polker is rising from the ashes. The past eighteen months have been challenging across the blockchain industry, but Polker has displayed resilience during these dark times. Poly Network was hacked in July, and their bridge lost control of over 50 tokens – PKR included. Despite having
Lately, the price of Solana (SOL) skyrocketed, coming alarmingly close to $25. Due to its recent price increase, Solana is now the seventh most valuable cryptocurrency, surpassing both Dogecoin (DOGE) and Cardano (ADA). This year, the TVL for Solana reached a new high of $338.21 million. This provides some good
Bitwise Asset Management has announced that it has amended its spot Bitcoin ETF application and that trading in two ETH futures ETFs will begin on October 2. Bitwise Ethereum Strategy ETF and Bitwise Bitcoin and Ether Equal Weight Strategy ETF will begin trading soon, the company said. Moreover, Bitwise has
On September 29th, global asset management VanEck made an announcement on Twitter that it will contribute 10% of all profits from its planned Ether futures exchange-traded fund (ETF) to Ethereum core developers for a period of 10 years. The Protocol Guild, a community of more than 150 developers responsible for
