The “mini” trusts spun off from Grayscale’s legacy Bitcoin and Ether funds in July.
Ethereum ETF news
According to CoinShares, anticipation for the United States elections and Republican gains are fueling bullish market sentiment.
It’s the first United States university endowment to report holding Bitcoin ETFs, according to Bloomberg.
Ethereum is now testing a key support level that last helped it rebound by over 160%. Multiple factors support this bullish fractal.
In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
Ethereum could be preparing to bounce from a demand zone at $2,500, as fresh activity in ETH derivatives markets catches traders’ attention.
Institutional interest is increasing thanks to the capital efficiency introduced by restaking and liquid staking.
After the launch of spot Bitcoin and Ether ETFs, investors eagerly await the potential debut of XRP and Solana ETFs, which could significantly impact crypto markets.
The Monochrome Ethereum ETF (IETH) went live on Cboe Australia on Oct. 15, following the issuer’s launch of a spot Bitcoin ETF in June.
The $254 million inflow day was the third-largest ever on days when BlackRock’s IBIT failed to contribute.