Author: CryptooTimes
As the expectations of the spot Ethereum (ETH) exchange-traded fund (ETF) approval come closer, traders place bigger bets on ETH rather than Bitcoin (BTC). According to a CryptoQuant report shared with crypto.news, the ETH-BTC open interest ratio has increased from 0.54 to 0.67 over the past week. This shows traders are getting a higher exposure to Ethereum rather than Bitcoin due to the expectations of the spot ETH ETF approval. Data from Santiment shows that the ETH total open interest is currently standing at $8.53 billion. The total funding rate aggregated by Ethereum increased from 0.016% to 0.018% over the…
Bitcoin Runes protocol caused an initial surge in Bitcoin transactions, exceeding 50% at its peak. Did the hype clog clear out? Source link
“The SEC should approve U.S.-listed ETH ETFs today. Hours before the Bitcoin ETF approval, SEC Gensler tweeted that crypto investors should consider all potential risks before making any investment. Today, a tweet could come around 9 a.m. ET. and would provide more clarity on whether approval would be imminent,” Markus Thielen, founder of 10x Research, said in a note to clients. Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Asia Cryptocurrency Commission (ACC) fosters secure and transparent relationships between brokers and investors through certification, dispute resolution, and compensation services. The Asia Cryptocurrency Commission (ACC) makes every effort to create and maintain a safe and transparent environment between brokers and their clients (investors). This approach is explained by the very role of the financial regulator in this industry – establishing a balance and protecting both sides of the investments. Asia Cryptocurrency Commission sets up close communication ACC has…
Learn how to identify trustworthy crypto liquidity providers for secure and efficient trading. Discover key factors to consider and avoid common pitfalls. Source link
TL;DR BTC’s price climbed above $71,000 due to optimism about Ethereum ETF approval, resulting in a 6% weekly and 13% monthly increase, but then retraced to $69,500. DOGE’s value ascended as well, briefly surpassing $0.17 and achieving a market cap near $25 billion. Significant metrics rose, with 85% of holders in profit. XRP’s price saw a slight increase with predictions of further gains due to bullish indicators. The outcome of Ripple’s lawsuit with the SEC could cause significant volatility. BTC’s Uptrend The price of the primary cryptocurrency started the ongoing week at around $67,000: the same level witnessed over the…
Standard Chartered’s head of digital asset research, Geoff Kendrick, has predicted a significant rise in bitcoin’s price, potentially surpassing its previous all-time high of $73,798 by this weekend. His optimistic outlook is fueled by the anticipated approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), which he believes will […] Source link
AGI could potentially solve some of humanity’s most pressing concerns down the line, according to Baidu’s co-founder. Source link
“Neither the Trust, nor the Sponsor, nor the Ether Custodian […] nor any other person associated with the Trust will, directly or indirectly, engage in action where any portion of the Trust’s ETH becomes subject to the Ethereum proof-of-stake validation or is used to earn additional ETH or generate income or other earnings,” the amended BlackRock filing said. Source link
Approval of a spot Ethereum ETF by the U.S. securities regulator could pave the way for a similar fund for Solana, according to Bloomberg analyst James Seyffart. Solana, the fifth-largest cryptocurrency by market value, might see its own spot exchange-traded fund (ETF) “within a few years” if the U.S. Securities and Exchange Commission (SEC) approves spot Ethereum ETFs, Seyffart indicated in a recent social media post. Based on current precedent/needs — Will happen within a few years of getting a CFTC regulated futures market. But congress & Market structure bills like FIT21 could make it happen quicker. I think a…
