Ethereum climbed back above $3,000 after a wave of exchange traded-fund inflows and heavy whale accumulation helped stabilize the market following weeks of selling. Summary Ethereum price reclaimed the $3K level while open interest climbed and trading volume softened. U.S. spot ETH ETFs recorded a fourth straight day of inflows. Ethereum’s chart shows early signs…
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Spot Ethereum exchange-traded funds are set to debut on July 23, following the SEC’s rule change over two months ago. According to a report by Kaiko, the initial inflows to these ETFs will most likely affect Ethereum’s ETH-1.02%Ethereum price. However, whether the effect will be positive or negative is still up for grabs. “The launch of the futures based ETH ETFs…
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On Monday, the price of Ethereum surged to $3,900, buoyed by a wave of bullish sentiment among investors. Ethereum (ETH) is on track to surpass the $4,000 mark even before the launch of spot Ethereum exchange-traded funds (ETFs) as the market appears to be highly “underallocated,” according to DeFiance Capital founder Arthur Cheong. In a post…
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