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.
Binary trading platforms with better performance and payouts
ether
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.
Billions of dollars worth of ether have been withdrawn from restaking protocols over the past month as the once-trendy sector starts to be hit by the fickle nature of crypto investors.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Renewed expansion in stablecoins is bullish for the broader crypto market.
The approval and subsequent trading of spot ether ETFs in the U.S. has reinvigorated the market, CME’s Giovanni Vicioso said.
Solana’s SOL and Ripple’s XRP were notable outperformers.
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.
Market observers expect ether to outperform bitcoin in the coming weeks as the token gives exposure to a flourishing Ethereum ecosystem.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The SEC just gave final approval to ether ETFs. (Nikhilesh De/CoinDesk)