A significant Ethereum transaction has recently garnered market interest, as 23,528 ETH was transferred from Coinbase Institutional to an unidentified wallet. Whale Alert reports that this transfer was valued at approximately $57.88 million in ETH, indicating a notable transaction from an institutional custody. However, the receiving address remained unidentified, which obscured the ownership of the … Read more
On October 2nd, the U.S. Securities and Exchange Commission sanctioned Cboe BZX’s proposal for a new Volatility Shares 3x Ether ETF, in conjunction with five other comparable offerings. The SEC has granted approval for the proposed rule changes that permit these funds to be listed on Cboe BZX; however, it did not sanction their initial … Read more
U.S. spot Ethereum ETFs experienced net positive inflows as September trading commenced, indicating to ETH markets that institutional demand remains robust following a tumultuous conclusion to August. The inflows are significant due to the relative novelty of Ethereum ETF products, which are currently under more scrutiny compared to their Bitcoin counterparts. Bitcoin ETFs have already … Read more
