NUMEUS GROUP’s Post

Grayscale outflows overshadow Ethereum ETF inflows https://lnkd.in/gXhn4xbN #BlackRock #iShares #EthereumTrust #ETHprice #EthereumETFs #GrayscaleETHE #netflows

Ethereum suffers worst outflows in two years due to spot ETF delays https://lnkd.in/eC_cGHkq #EthereumETFoutflows #SECdelay #digitalassetfundreport #CoinShares #negativesentiment #Bitcoininflows #Ethereumtradingvolume

🚀 Are We Getting Ethereum Spot ETF Approval Soon? How Far $ETH Can Go? The buzz around Ethereum Spot ETFs is heating up! US SEC has asked exchanges aspiring to launch ether ETFs to update their 19b-4 filings before a critical deadline this week. This move has ignited speculation about potential approval. Let’s break down what’s happening: ❓️What’s the SEC Up To? → The SEC's request for updated filings might signal a shift in their stance on ether ETFs. → According to sources, the SEC could approve these applications soon, though there are still hurdles to clear. → Even with 19b-4 filings approved, issuers need their S-1 applications greenlit before trading can start. → The SEC doesn’t have a set timeline for this, so it could take a while. 🗯 Fidelity’s Move: → Fidelity has updated its S-1 registration for a prospective Ethereum ETF. → They removed any mention of staking and staking rewards, probably due to the SEC’s concerns. → This follows the SEC’s lawsuit against Coinbase last year over staking issues. ➕️ Increased Odds of Approval: → Bloomberg analysts Eric Balchunas and James Seyffart have upped their approval odds for a spot ether ETF from 25% to 75%. → Meanwhile, Standard Chartered expects the SEC to approve ether ETFs this week. → If they do, spot ether ETFs could drive inflows of 2.39-9.15 million ether in the first year, translating to $15-$45 billion. → Geoff Kendrick from Standard Chartered predicts that with approval, ether could hit $8,000 by year-end, and even $14,000 by the end of 2025. #Ethereum #ETH

#EthereumNews #ETFs #GrayscaleBitcoinETF #spotEthereumETF Spot Ethereum ETFs Records Over $1B In Trading Volume: According to Eric Balchunas, an analyst at Bloomberg ETFs, the trading volume of the $625 million Spot Ethereum ETFs, which excludes Grayscale’s ETHE, was “healthy.” The cumulative trading volume of spot Ether exchange-traded funds listed in the United States on their first day of trading was approximately $1.08 billion, approximately 23% of the volume observed […] The post Spot Ethereum ETFs Records Over $1B In Trading Volume appeared first on Coinscreed.

After the filing of a #Solana ETF application with the SEC on June 28, 2024, Solana-based tokens such as #Dogwifhat (WIF) and Bonk (BONK) surged, with WIF gaining over 55% in price. Other Solana-based meme tokens, including WIF, #BONK, Book of Meme (BOME), and Cat in a Dogs World (MEW), saw price increases ranging from 4% to 14% in the last 24 hours. Technical analysis suggests bullish trends, with WIF breaking out of key resistance levels and indicating potential further upside if it closes above $2.36. Read full story: https://lnkd.in/gV2-pGq3

#EthereumNews #ETHE #GrayscaleEtherETF #SpotEtherETF Spot Ether ETFs See $113M Outflows on Second Day of Launch: On their second trading day, Grayscale’s Ethereum Trust was the primary cause of the $113.3 million net outflows experienced by US-based spot Ether exchange-traded funds (ETFs). On the second day of trading, seven of the eight “newborn” spot Ether ETFs experienced net inflows. The Bitwise Ethereum ETF (BITW) and the Fidelity Ethereum Fund (FETH) were […] The post Spot Ether ETFs See $113M Outflows on Second Day of Launch appeared first on Coinscreed.

Massive Price Prediction for XRP: Could It Reach $1,000 with ETF Approval? The price of XRP could see a significant surge following the approval of an XRP ETF. Analysts believe such an approval could draw more institutional investors into the XRP ecosystem, triggering major https://lnkd.in/eFnvn36b #Crypto #PricePrediction #Ripple #InstitutionalInvestors #pricerally #ripple #SEClawsuit #XRPETF

the greenlight for #ethereum spot ETF's have sparked a sharp #decline in centralized exchange #reserves; a decline which has only been #accelerating. that balance continues to decline, partly due to an increasing amount of ether being #locked into various #stakingprotocols, or being utilized as transaction #fees - the latter which gets burned #permanently from the #circulating supply. reserves are currently on their #lowest point in history, suggesting an ever #decreasing likelihood of ether being sold; it's encouraging of #longterm holding. pre-bull > bull market ~ top > deacceleration 2015 - 2016 > 2017 2019 - 2020 > 2021 2023 - 2024 > 2025 2027 - 2028 > 2029 remember, one #marketcycle equals #four years. this game has quickly become more exciting with the hungry #institutional demand for more $ETH. ethereum is #scarce. with additional spotlight on #digitalassets due to #wallstreet, this means an eventual #supplyshock is approaching with every passing week. bull market #regrets take shape in mainly #three forms. > not betting enough > not keeping enough > do nothing pick your poison.

The Revival of Ethereum ETFs: A Boost in Inflows After a bit of a rocky start with outflows, things are turning around. On August 6, Ethereum spot ETFs experienced a significant boost, with $98 million flowing in. This surge follows another $48 million inflow the day before. It's a noteworthy development, especially coming right after a slump in the crypto market, signaling the return of investor confidence. Grayscale’s ETHE, which had been experiencing significant outflows, observed a further $39 million outflow, bringing its total outflows to $2.2 billion. However, it's not all bad news for Grayscale; their new ETH ETF attracted $4.7 million, totaling $213 million in inflows. BlackRock’s ETHA has taken the lead with $110 million in inflows, making it the top Ethereum spot ETF with $869 million in total inflows. Fidelity’s FETH is not far behind, pulling in $22 million. Overall, these ETFs now hold about $7.06 billion, which accounts for roughly 2.36% of Ethereum’s total market cap. This surge indicates a growing investor interest in Ethereum, marking a positive shift in the tides for Ethereum ETFs, with the focus now on inflows. # Thank you Aleksandra Zajac for your submission!