Category: Ethereum
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Grayscale Rolls Out Ethereum Covered Call ETF Targeting Biweekly Income
[ad_1] TLDR: Grayscale introduced the Ethereum Covered Call ETF (ETCO), designed to generate income using an options-based strategy. The ETF distributes income twice a month on the 15th and 30th, targeting investors seeking consistent cash flow. ETCO does not hold Ethereum directly but uses options tied to exchange-traded products that track Ether’s price. The fund…
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Crypto update: Why Bitcoin is stalling while Ethereum eyes a breakout
[ad_1] A major split is emerging between Bitcoin and Ethereum in the market. Bitcoin is acting as a macro hedge, holding steady around $112,000. Traders are actively positioning for upside in Ethereum, eyeing $5,000. A profound and telling split has fractured the cryptocurrency market. Bitcoin, the long-reigning king, has settled into a stoic holding pattern,…
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ETH Treasury Firms Pose Risks Chasing Yield: Sharplink CEO
[ad_1] Companies that buy and hold Ether to try to squeeze the most yield out of their holdings will be significantly more at risk if the market declines, says Sharplink Gaming co-CEO Joseph Chalom. “There will be people just like in traditional finance who wanna get that last 100 basis points of yield, and think…
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Ethereum Price Setup Mirrors 2021 Surge, $10K Target Nears
[ad_1] TLDR Ethereum price is showing signs of a potential breakout, similar to its 2021 surge. Spot ETFs have absorbed over 286,000 ETH, reflecting strong institutional demand. Technical patterns suggest Ethereum is forming an inverse head-and-shoulders, a bullish reversal signal. Ethereum’s resistance at $4,943 remains a key hurdle, but further growth is expected. Analysts predict…
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Bitcoin ETFs see first-ever outflow of $751 million as Ethereum funds gain $3.9 billion
[ad_1] Bitcoin ETFs saw a $751 million net outflow in August, a first-ever event. Ethereum ETFs absorbed a massive $3.9 billion in net inflows in August. BTC’s price has fallen below key short-term holder cost basis levels. A stunning and unprecedented reversal has rattled the very foundations of the cryptocurrency market. For the first time…
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Ethereum Foundation Pauses Grants to Refocus on Strategic Goals
[ad_1] TLDR The Ethereum Foundation has temporarily paused open grant applications to realign its Ecosystem Support Program with strategic priorities. The foundation aims to move from a reactive model to a proactive one, supporting long-term goals for the Ethereum ecosystem. In 2024, the Ethereum Foundation awarded $3M to 105 projects that focused on developer tools,…
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Ethereum eyes breakout to $5,000 as Cathie Wood bets on ETH treasury firm
[ad_1] Ethereum trades above $4,600 as bulls target a breakout to $5,000 A surge in Ethereum ETF net inflows and broader crypto bounce give buyers an edge. Tom Lee has predicted the ETH price surging to $5,500 and possibly $10,000 in 2025. Ethereum price hovers at around $4,595, slightly down in the past 24 hours…
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$5K ETH Could Arrive After Friday’s $5B Options Expiry
[ad_1] Key takeaways: Bullish strategies dominate the $5 billion Ether options expiry, giving traders an advantage if prices rise. Neutral-to-bearish strategies mostly failed below $4,600, leaving traders exposed as Ether rallied in August. The $5 billion Ether (ETH) options expiry on Friday might mark a turning point for the cryptocurrency, as bullish strategies are now…
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190,500 ETH in Seven Days: BitMine’s Buying Spree Pushes Its Ethereum Treasury Past $8B
[ad_1] TLDR: BitMine Immersion now holds 1.71M ETH worth $8.23B, claiming the top spot as the largest Ethereum treasury. The company’s total crypto + cash balance hit $8.82B after adding 190,500 ETH in just one week. Its stock averages $2.8B daily trading volume, ranking #20 among US-listed firms, ahead of JPMorgan. BitMine’s crypto NAV per…
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Next Crypto Bear Market Could Be Years Away
[ad_1] David Bailey, entrepreneur and Bitcoin adviser to US President Donald Trump, said there won’t be another Bitcoin bear market for several years amid growing institutional interest in the crypto market. But the four-year cycle says otherwise, and crypto analysts told Cointelegraph that there are more than a few headwinds that could tank the markets.…