Ethereum ETF sell-off signals more trouble: 10x Research
According to insights from 10x Research, the recent launch of the Ethereum ETF triggered a sell-off and revealed shifting market dynamics.
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According to insights from 10x Research, the recent launch of the Ethereum ETF triggered a sell-off and revealed shifting market dynamics.
The “newborn” eight ETFs didn’t manage to outrun the $327 million of outflows from Grayscale’s recently converted Ethereum Trust.
Traditional institutional giants like BlackRock, which has $10.6 trillion under management, have entered the cryptocurrency space.
Analysts worry ETH will prove a harder sell than BTC to traditional investors.
Franklin Templeton will keep exploring more assets to back new spot cryptocurrency ETFs, including those based on Solana.
The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust.
Bitcoin price could reach above the $88,000 mark by September, driven by continued Bitcoin ETF inflows.
Analyst Eric Balchunas says that initial inflows into the Ethereum ETFs accounted for roughly 50% of Bitcoin ETF inflows on day one.
Nick Johnson, lead developer of the Ethereum Name Service, shared his thoughts and memories of Ethereum on its 10th anniversary.
Another firm estimates that Ether’s price will rise no more than 24% by the end of the year due to underwhelming demand for the spot […]
