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Market shock: $3 billion in Ether exits following spot ETH ETF approval


The approval of a spot ETH ETF has profoundly impacted the cryptocurrency market, resulting in Ether’s exit valued at $3 billion. This significant movement underscores the complex interplay between regulatory decisions, market dynamics, and investor sentiment. Analyzing this event reveals several...

Cathie Wood’s Ark Invest Halts Spot Ethereum ETF Plans


Cathie Wood’s Ark Investment Management has withdrawn from the race to launch a spot ether exchange-traded fund (ETF), as its name was removed from the application filed with 21shares. The ETF, now renamed 21shares Core Ethereum ETF, reflects Ark’s decision not to pursue the ether ETF at this...

Bitcoin and Ethereum ETNs Hit London Stock Exchange Trading Floor


Investors in the UK can now trade exchange-traded products that track Bitcoin and Ethereum through the London Stock Exchange, as the country narrows the gap with other financial leaders in digital assets. The post Bitcoin and Ethereum ETNs Hit London Stock Exchange Trading Floor appeared first...

ETH price heads for 5k; whales inject 2B post ETF approval


The US Securities and Exchange Commission approved one application for the Spot Ether ETF on May 23, 2024. It took whales just five days to capitalize on the opportunity and inject the ecosystem with roughly $2 billion. The impact is evident, with the price skyrocketing closer to $4,000 at the time...

Crypto ETF frenzy: DOGE, XRP, SOL up next after ETH approval?


If the US SEC wants to approve ETF applications, it must consider crypto a digital asset rather than a security. Ether ETF is on the table, waiting for a green signal. However, the market has begun speculating about upcoming ETFs and their prospects of receiving Commission approval. For starters...

South Korea Urged to Follow US Lead on Crypto ETFs After Ethereum Approval


The US Securities and Exchange Commission's approval of spot Ethereum ETFs last week has ignited pressure on South Korea's financial regulators to greenlight similar crypto exchange-traded funds. The post South Korea Urged to Follow US Lead on Crypto ETFs After Ethereum Approval appeared first...

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