Potential short squeeze ahead on Ether ?
Source: zerohedge
BREAKING 🚨: Ethereum
$ETH falls to its lowest valuation against Bitcoin $BTC since April 2021 Source: Barchart
About that ether crash last week: biggest surge in CFTC Ether leveraged shorts on record
Source. Bloomberg, CFTC, www.zerohedge.com
BLACKROCK UPDATED THEIR WEBSITE.
$ETHA
DAY ONE in the books for ETH ETFs who did $1b in total volume, which is 23% of what the spot bitcoin ETFs on their first Day and $ETHA did 25% of $IBIT's volume.
The gap between $ETHE and The Newborn Eight is a healthy +$625m (a sizable chunk of which *should* convert to inflow Source: Eric Balchunas
Ethereum spot ETF to start trading today (TUESDAY)
The United States Securities and Exchange Commission (SEC) has given final approvals to spot Ethereum ETFs, clearing the way for the funds to begin trading as soon as Tuesday, July 23. Such funds received initial approval in May in a surprise regulatory shift by the SEC, and have spent recent weeks sending in updated and finalized forms. Now, 424(b) approvals are coming in and spot Ethereum ETFs have been made effective by the SEC, which means they can begin trading. July 23 emerged as the likely target for the trading start early last week, as sources connected to fund providers told Decrypt that they were told to expect approvals ahead of that date, barring unexpected delays. "It’s official: Spot ETH ETFs have been made effective by the SEC," tweeted Bloomberg Senior ETF Analyst Eric Balchunas on Monday afternoon. "The 424(b) forms are rolling in now, the last step = all systems go for tomorrow’s 930am launch. Game on." Source: Decrypt
It seems that ethereum spot ETF will go live tomorrow
Source: Radar
🚨WORLD'S LARGEST BANK, ICBC, CALLS ETHEREUM "DIGITAL OIL"
ICBC: “Ethereum has been continuously upgrading its technology in terms of security, scalability and sustainability, providing technical power for the digital future. In addition, the introduction and development of stablecoins provide a bridge for the digital currency market to connect to the real world.” ICBC described Ethereum as the “digital oil.” Being Turing-complete and having its own programming language, Solidity, allows developers to deploy complex smart contracts and dApps. This has made Ethereum the mainstay in inventive new fields such as NFTs and DeFi “and is gradually extending to the physical infrastructure network.” Source: Crypto News Flash thru Mario Nawfal
