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Despite a recent drop in Ethereum’s price, large investors remained interested. New U.S. spot Ethereum ETFs received a large inflow of $49 million on August 5. This was the second-biggest single-day inflow since these funds started trading. This shows that investors still trust Ethereum, even during tough market conditions. Leading Ethereum ETFs BlackRock’s ETHA fund…
The SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs during an interview at the Bloomberg Investment Summit. He did not, however, provide a specific timeline for when these ETFs might be available. The SECs Stand At The Moment Gensler emphasized that the main focus is on asset managers ensuring full…
Recently, Solana’s price has maintained a level above $130 over the past 48 hours. With Solana gaining over 30% of the funds exiting the Ethereum network, it stands to gain significantly from the upcoming spot Ethereum (ETH) ETF launch. Solana’s Price Set to Gain from Ethereum ETF Inflows Since its inception in 2020, Solana has outperformed…
In this article, we’ll be discussing the summary of crypto events that took place this week. Summary of Crypto Events This Week 1. Spot Ethereum ETFs Approved This week, the U.S. regulators approved eight issuers of spot Ethereum (ETH) exchange-traded funds (ETFs) after a long period of deliberation. The approval is an important step for the…
