Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
Despite this major shuffle by FTX exploiter, Ethereum price has gained to $1,750 levels before the launch of Ethereum futures ETFs.
VanEck will not invest in Ethereum directly since the product tracks Ether futures that are traded on the Chicago Mercantile Exchange (CME).
According to analysts, there are 15 Ether futures ETFs awaiting approval.
Just a few hours ago, the Ethereum founder deposited 400 ETH to Coinbase. With the price of ETH at $1,573.35 as of the time of writing, the value of the transfer amounts to an impressive $629,200.
Grayscale’s decision to file for an Ether futures ETF comes on the heels of a significant legal victory against the US Securities and Exchange Commission (SEC).
Buterin is looking forward to a future where developers can leverage an independent open tech stack.
The Delaware Trust Company will act as the trustee of the spot Ether ETF from Ark Invest and 21Shares, while Coinbase will act as the crypto custodian.
MetaMask introduces the “fiat-off-ramp” feature on the platform by allowing users to convert their ETH holdings to fiat currency.
By integrating the USDC for users in Chile, Circle will be hoping to offer them the stability of the U.S. dollar while also creating diverse payment options for them.
The wallet holds a significant amount of ETH alongside other cryptocurrencies worth around $80 million in its portfolio.
Both companies are also planning to launch three types of Bitcoin Futures ETFs.
Although the application of the Howey test to staking Ethereum and many other cryptocurrencies can be complex and subject to different legal interpretations, the SEC insists that staking qualifies as an investment contract under the Howey test.
Recent data have left analysts optimistic about what the future holds for Bitcoin and the largest altcoin Ether (ETH).
While the BTC and Ether prices try to stabilize, altcoins like XRP, Cardano, Solana, and Polygon continue to extend losses further.
Along with investing in Ether Futures, the Valkyrie Ethereum Strategy ETF will invest in other instruments like cash, cash-like instruments, or high-quality securities.