Coinbase, Ether Liquid Staking Tokens Lido, RocketPool Surge on BlackRock ETH ETF News
Asset management giant BlackRock registered a Delaware company for a spot ether trust, fueling speculations about a potential ETF filing.
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Asset management giant BlackRock registered a Delaware company for a spot ether trust, fueling speculations about a potential ETF filing.
BlackRock declined to comment on the filing.
The Ethereum blockchain settled $250 billion of transactions last week, the highest since mid-March, underpinning ether’s bullish outlook.
Bitcoin funds attracted most of the demand, while ether funds saw their largest inflows since August 2022.
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The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
Overall market capitalization rose 5% in the past 24 hours.
Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain data suggests.
Major tokens seemed to stabilize on Friday morning following a week-long price drop.
ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.