Will ETFs Drive Up ETH? ($)
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- ๐ ETH ETFs Hit Big Milestones in Early Trading. As expected, the launch is still moving slower than spot BTC ETF debuts.
Read more on Bankless.com - ๐ฅ Trailer for 'Vitalik: An Ethereum Story' Documentary Goes Live. The crowdfunded project is set to debut the film this September.
Read more on Bankless.com - ๐งฎ Perpetuals DEX dYdX Reportedly Up for Sale. dYdX has had a busy day, with reports of acquisition talks emerging just as its front-end was hacked.
Read more on Bankless.com
๐ธ Daily Market Snapshot: Those hoping for an ETF debut god candle for Ethereum were disappointed with flat price performance Tuesday, but with the newly launched ETH spot ETFs poised to see more than $1 billion in volumes on their first day, sentiments were still high across the Twittersphere.
Prices as of 4pm ET | 24hr | 7d |
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Crypto $2.39T | โ2.7% | โ0.4% |
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BTC $65,604 | โ3.8% | โ1.0% |
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ETH $3,469 | โ0.9% | โ0.1% |
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DYDX $1.30 | โ10.3% | โ9.0% |
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After an arduous and unnecessarily prolonged approval process, spot Ethereum ETFs are finally trading on traditional stock exchanges!
Crypto has eagerly awaited the launch of these products for multiple years, anticipating that their arrival would provide a direct financial incentive for the worldโs largest asset managers to shill Ethereum, catalyzing unprecedented inflows into ETH and resulting in mainstream acceptance for onchain activity.
Today, we discuss what the future holds for Ethereumโs most watched metric โ price โ in a post-ETF world ๐
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