Staking in Ethereum ETFs Might Be a Question of When, Not If
The eight spot ether exchange-traded funds had a successful launch on Tuesday, despite the missing staking feature that many investors had hoped to profit from.
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The eight spot ether exchange-traded funds had a successful launch on Tuesday, despite the missing staking feature that many investors had hoped to profit from.
The eight recently launched spot ethereum {{ETH}} exchange-traded funds (ETFs) posted nearly $600 million worth of volume in the first half of their first day of availability, according to data from Bloomberg.
ETH will start outperforming bitcoin following the ETF launch after almost two and a half years of underperformance, the report said.
U.S. regulators approved listing spot ETH ETFs but have not yet cleared to trade.
The sell-off was broad-based, with DOGE, SHIB, AVAX, LINK diving more than 4% in less than an hour.
The fast move likely signals short-term profit taking after ether’s rapid 30% rally, one observer noted.
As the larger part of the cryptocurrency market begins to recover from the recent bearish hiccup, Ethereum (ETH) is no … Continue reading
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Large bitcoin investors haven’t started to buy the dip yet, suggesting that the correction may continue for a while, an LMAX Group strategist noted.
Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market risk of a more hawkish stance.
CoinDesk reported Wednesday that the Ethereum Foundation faces a confidential inquiry, and Fortune said the SEC is examining whether ETH is a security.