Valkyrie Securities announced Tuesday they are suspending the purchase of Ether futures contracts until the SEC’s approval of their Ether ETF application is officially effective. The broker cited regulatory uncertainty as the primary reason for backing off Ether trading.
ETH has seen a steep rise in price today, likely due to increased institutional investment. This surge has been seen in the wider cryptocurrency market, promising gains for investors and raising concerns about volatility.
Bitwise Asset Management has announced the official launch date for its Ether Futures Exchange-Traded Fund (ETF) products: Tuesday, May 11th. The Ethereum-based ETFs promise to offer investors exposure to Ether via a regulated financial product.
Ethereum’s value is plummeting due to low network revenue, with the cryptocurrency inflating at its greatest rate since late 2018. Dropping to a 9-month low, Ethereum is facing a decline in its monetary policy, leaving the network vulnerable to further hardship.
One year after Ethereum’s first major merge, the network’s circulating supply of Ether (ETH) has decreased by almost 300,000 units, with a total of around 111.1 million ETH now circulating.
ETH prices are beginning to experience increasing levels of volatility, with 3 key metrics signaling a move to erratic movements. Analysts urge caution when trading this asset in the upcoming weeks.
ARK Invest has filed with the U.S. Securities and Exchange Commission for approval to list the world’s first Ether exchange-traded fund (ETF). The ETF would allow investors to gain exposure to Ether, the second-largest digital asset, on the public markets.
Bitwise Asset Management has withdrawn its application with the SEC to list an exchange-traded fund (ETF) that would be indexed to the market capitalization of Bitcoin and Ether. The firm said the decision was made given concerns over “market structure and investor protection issues.”
Cryptocurrency Ether has triggered a so-called “death cross” as its price dips beneath a major long-term support level. Analysts are warning that this could be a major indicator of a further decline in its value.