The 22nd of July was a significant date for the cryptocurrency space with the approval of spot Ethereum ETFs.
A few hours after the S-1 approval (which means the ETF issuers are now officially ready to start their investment products) we can already see that these spot ETFs are trading in pre-market – like BlackRock’s iShares Ethereum Trust ETF (ETHA).
BlackRock also posted a video for Ethereum ETF investors.
Although this news is significant, Ethereum’s price is fluctuating, currently trading at $3,540 after a 1% surge in the past 24 hours. The price of ETH fell below $3,500, following BTC’s decline to around $66,300.
Ethereum ETFs are expected to register significant inflows, but not as much as spot Bitcoin ETFs did after their start.
This however is a historic moment for the cryptocurrency community as this is the first altcoin ETF to get approval for non-crypto investors to get exposure.
Interactive Brokers, one of the world’s largest online brokerage platforms, is exploring the possibility of issuing its own stablecoin, signaling a potential expansion into blockchain-driven financial infrastructure as U.S. crypto regulation begins to ease.
Trading volumes for BNB Coin (BNB) have doubled in the past 24 hours to $3.8 billion as the price rises by 7%. This favors a bullish BNB Coin price prediction at a point when the token just made a new all-time high. BNB is the second crypto in the top 5 to make a new […]
The Pudgy Penguins’ PENGU token is under intense scrutiny after large transfers from its team wallet raised potential red flags.
BNB surged to a new all-time high on July 28 around $860, breaking above the critical $846 level following a sharp 7% intraday move.