|
Finance
|
Ethereum ETFs Draw Initial Investment, Analysts Predict ...
2024-07-25 23:55:08
Finance
Markets
Stocks

Ethereum ETFs Draw Initial Investment, Analysts Predict Institutional Interest

Image used under license from Shutterstock.com

Ethereum ETFs have seen a strong start, drawing $590 million on their debut, although less than the Bitcoin ETF. Analysts expect $1-2 billion in ETH ETF assets under management (AUM) over the next three months, representing 10-15% of Bitcoin's AUM.

The volatility index dropped, indicating stability. Outflows from Grayscale's ETHE were offset by inflows.

The top ETFs were ETHA, ETHW, and FETH, benefiting from institutional networks. Analysts highlight that Ethereum's value proposition is more complex due to its technological developments and financial services.

The approval of ETH ETFs is expected to attract institutional interest, as early data indicates. While the impact of these ETFs is limited to the US market, they pave the way for greater adoption of crypto assets by institutional investors.

Additionally, staking in Ethereum ETFs may become a possibility in the future, as the SEC's stance on this feature evolves.

Related news on that topic:

Bitcoin Holds Steady as Tech Stocks Plunge, Ether Slips After ETF ... ETF Launch

Bitcoin remained stable despite the decline in tech stocks, while Ether dropped after the launch of ETFs. The CoinDesk 20 Index remained flat, with mixed performance from other cryptocurrencies such as Solana, Ripple, Avalanche, Uniswap, and Ethereum Classic. Wintermute analysts commented on the impact of the ETF launch. Disappointing earnings from Alphabet and Tesla also added to market concerns. Traders will be closely watching upcoming U.S. economic data and Donald Trump's speech at the Nashville Bitcoin conference. Despite ETF approval, the price of Ether remains sluggish due to external factors such as elections and Mt. Gox selloffs. The stablecoin market cap reached a new high, indicating growing investor optimism. Solana ETFs have attracted interest from investors following the success of bitcoin and ethereum ETF launches. Spot ethereum ETFs surpassed $1 billion in trading volume on their first day. Overall, the market experienced volatility due to China's rate cuts and a steepening U.S. Treasury yield curve.

Ethereum ETF Launch Triggers Sell-Off and Restaking Sector Slide

The launch of Ethereum ETFs led to a sell-off with Grayscale Trust experiencing significant outflows. Bitwise saw inflows, but ETH price dropped 8%. Wall Street struggles to define ETH's value amidst potential declines from US earnings and seasonal weakness. Restaking sector also declined as EigenLayer, Renzo, and Kelp reported $2.3B in outflows due to lagging yields. Ethena's 10%+ yield stands out, while Jito introduces Solana restaking. As ETH faces corrections in a descending channel pattern, risk aversion sentiment and tech shares' decline compound its losses.

The press radar on this topic:

The Street
30. Juli 2024 um 20:45

Ethereum ETFs Potentially Able To Stake In The Future: SEC's Peirce

Cryptocurrencies & blockchain
Finance
SEC Commissioner Hester Peirce suggests Ethereum ETFs from VanEck, Fidelity and others could later allow staking Ethereum, which pays ~4% APY and secures the proof-of-stake blockchain, though SEC Chair Gensler views staking as an investment contract. Ethereum ETF issuers had originally sought to enable staking but removed it ahead of SEC approval in May. Peirce says staking features could be reconsidered, though her views may not reflect the full Commission. Fundstrat predicts Ethereum ETFs co..
Cointelegraph.com News
24. Juli 2024 um 19:30

Ethereum ETFs start strong but lag epic Bitcoin ETF launch: analysts

Finance
Cryptocurrencies & blockchain
Ethereum ETFs drew $590M on launch, less than Bitcoin ETF's debut. Analysts expect $1-2B in ETH ETF AUM over 3 months, 10-15% of Bitcoin. Volatility index dropped 4 points, indicating stability. Outflows from Grayscale's ETHE offset inflows. Top ETFs were ETHA, ETHW, FETH, aided by institutional networks. 21Shares' Adrian Fritz said Ethereum's value proposition is more complex. Volmex's Cole Kennelly noted the 'volatility crush'. Morningstar's Bryan Armour said early data shows institutional i..
CoinDesk
25. Juli 2024 um 17:53

Staking in Ethereum ETFs Might Be a Question of When, Not If

Cryptocurrencies & blockchain
Finance
Economy
Technology
Eight new spot ether ETFs launched, with Grayscale seeing outflows and others seeing inflows. Staking feature removed due to SEC concerns over securities laws. BlackRock, Fidelity, Franklin Templeton executives discuss staking. Nate Gerci believes staking will come, tied to political landscape, with Trump administration seen as more crypto-friendly. SEC's stance on staking as unregistered securities offering a key factor.
EL PAÍS
25. Juli 2024 um 12:25

1,000 million in 24 hours: ethereum ETFs surge and promise a new revolution for institutional investors

Cryptocurrencies & blockchain
Finance
Economy
Technology
These investment vehicles provide simple alternatives for retail clients, investment funds and large companies to diversify their cryptocurrency portfolio. If they don't talk about you, you're nobody. This phrase seems to find its exception in ethereum: the second largest cryptocurrency, with a market capitalization three times lower than that of bitcoin, has taken advantage of its obscurity among the general public to beat expectations in the hours following the approval of spot ETFs in the U..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact