VanEck to shutter Ethereum futures ETF
Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.
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Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.
Movement Labs co-founder Rushi Manche claims his Ethereum scaling blockchain is peaking at 12,000 transactions a second on testnet.
According to analysts at VanEck, Ethereum’s share of decentralized exchange trading volume has dropped from 42% in 2022 to 29% in 2024.
The upgrade aims to enhance rewards for restakers.
Layer-2 monthly active users and daily transaction counts have both doubled since March 2024, according to Token Terminal.
Crypto exchange-traded funds make up 13 of the top 25 fund launches, the investment adviser said.
An investment of $1,000 into Ether five years ago would be worth over $14,900 today.
The applications cover ETFs from issuers including Grayscale, iShares, and Fidelity.
Some analysts are eying an Ether rally above $3,000, but traders may have to wait until October.
Ether price must still overcome the key $2,700 resistance before positioning for a breakout above $3,000 in Q4 2024.
