Bitcoin is the first decentralized cryptocurrency. Each subsequent such currency is referred to as an “altcoin” or in other words an alternative cryptocurrency. Stay up-to-date with the latest news on the altcoin market.
On July 23, the launch of Ethereum ETFs generated considerable buzz in the cryptocurrency sector.
Bitcoin Cash (BCH) has seen a steady decrease in value recently, currently trading at $373 – a 2.4% drop in the past 24 hours.
Ripple CEO Brad Garlinghouse has sparked speculation about a possible XRP Exchange-Traded Fund (ETF) in the U.S.
Will Kay, head of indexes at Kaiko, pointed out in a report Monday that “ETH prices may be particularly sensitive to early inflows into newly launched ETFs.
Yesterday, July 23, XRP’s price declined, reversing gains made the previous day, mirroring a broader market downturn.
On its first day of trading, the U.S. spot Ethereum exchange traded funds (ETF) saw $1.08 billion in trading volume.
The first day of trading for spot Ethereum ETFs has gone beyond expectations with incredible volume and inflows.