- In the last two weeks, investors have pulled out $120 million from ETH-focused investment products.
- Ether spot ETF launch timeline has been moved after the SEC asked issuers to resubmit amended S-1 drafts.
Ethereum [ETH] was trading at around $3,448 on the 2nd of July, barely unchanged in the last few hours but in conformance with the generally positive July narrative.
In the meantime, ETH bulls targeted fresh heights above $3,450 and were betting on upside potential from the hype around Ether spot exchange-traded funds (ETFs).
Source: ETH/USDT, TradingView
The new products, expected to debut in the U.S. later this month, could help propel ETH/USDT above the $3,630 resistance, where it was rejected on the 17th of June.
Bullish speculators suffered mild losses on the 1st of July after Ethereum failed to sustain momentum above $3,520.
ETH attempted to break out from the descending channel on the 4-hour timeframe chart overnight on the day, but as of press time, has been unable to cement the move.
Source: X/Satoshi Flipper — ETH/USDT 4-hr chart
Markedly, the latest advance toward $3,500 will not amount to triumph for bulls if ETH is unable to sail above the $3,520 — $3,550 resistance zone.
Ethereum institutional uptake
In its digital asset flows report released on Monday, CoinShares observed that Ethereum investment products posted outflows of $60.7 million last week.
Source: CoinShares
The figure marked the most significant negative 7-day flow in almost two years, and brought the cumulative two-week outflows to $119 million.
The report further highlighted that Ethereum was the worst-performing crypto asset in 2024, based on net flows, with—$37 million and—$25 million MTD and YTD flows, respectively.
U.S. Ethereum spot ETF
A U.S. Ether spot ETF has been nigh this summer after the Securities and Exchange Commission (SEC) approved 19b-4 filings of eight prospective issuers on the 23rd of May.
Still, the ETF products are yet to be cleared to go live, pending approval of the S-1 registration statements.
The latest setback in the approval process has been laid at the door of the U.S. securities regulator. Last week, the SEC reviewed S-1 forms from issuers and requested resubmissions incorporating its comments by the 8th of July.
Consequently, the timeline for the launch of the spot Ethereum ETFs has been pushed to mid-or end of July.
Market anticipation
Last week, Bernstein analysts Gautam Chhugani and Mahika Sapra forecasted that Ether spot ETFs will see slightly lower demand when they go live, compared to Bitcoin [BTC] ETFs, since they mostly share the same sources of demand.
The co-authors also cited “the lack of an ETH staking feature” in the approved spot Ether ETFs as a deterrent that could dampen interest in the products.
Bitcoin ETFs have thus far attracted $55 billion since their introduction at the start of the year.
Though inflows have waned from the February highs, analyst projections show that the figure is expected to eclipse $100 billion by the end of 2025.
Source: Coinglass
J.P. Morgan, on the other hand, forecasted that Ether ETFs could see net inflows of about $3 billion ($6 billion if staking is permitted) by the end of the year.
Read Ethereum’s [ETH] Price Prediction 2024-25
J.P. Morgan also expected the market’s immediate reception to be mildly negative, citing possible profit-taking by investors who bought the Grayscale Ethereum Trust (ETHE) in expectation of its conversion to an ETF.
Separately, in the last week, Bitwise CIO Matt Hougan projected that Ether spot exchange-traded funds (ETFs) would draw in $15 billion of net inflows in the first dozen and a half months.
- In the last two weeks, investors have pulled out $120 million from ETH-focused investment products.
- Ether spot ETF launch timeline has been moved after the SEC asked issuers to resubmit amended S-1 drafts.
Ethereum [ETH] was trading at around $3,448 on the 2nd of July, barely unchanged in the last few hours but in conformance with the generally positive July narrative.
In the meantime, ETH bulls targeted fresh heights above $3,450 and were betting on upside potential from the hype around Ether spot exchange-traded funds (ETFs).
Source: ETH/USDT, TradingView
The new products, expected to debut in the U.S. later this month, could help propel ETH/USDT above the $3,630 resistance, where it was rejected on the 17th of June.
Bullish speculators suffered mild losses on the 1st of July after Ethereum failed to sustain momentum above $3,520.
ETH attempted to break out from the descending channel on the 4-hour timeframe chart overnight on the day, but as of press time, has been unable to cement the move.
Source: X/Satoshi Flipper — ETH/USDT 4-hr chart
Markedly, the latest advance toward $3,500 will not amount to triumph for bulls if ETH is unable to sail above the $3,520 — $3,550 resistance zone.
Ethereum institutional uptake
In its digital asset flows report released on Monday, CoinShares observed that Ethereum investment products posted outflows of $60.7 million last week.
Source: CoinShares
The figure marked the most significant negative 7-day flow in almost two years, and brought the cumulative two-week outflows to $119 million.
The report further highlighted that Ethereum was the worst-performing crypto asset in 2024, based on net flows, with—$37 million and—$25 million MTD and YTD flows, respectively.
U.S. Ethereum spot ETF
A U.S. Ether spot ETF has been nigh this summer after the Securities and Exchange Commission (SEC) approved 19b-4 filings of eight prospective issuers on the 23rd of May.
Still, the ETF products are yet to be cleared to go live, pending approval of the S-1 registration statements.
The latest setback in the approval process has been laid at the door of the U.S. securities regulator. Last week, the SEC reviewed S-1 forms from issuers and requested resubmissions incorporating its comments by the 8th of July.
Consequently, the timeline for the launch of the spot Ethereum ETFs has been pushed to mid-or end of July.
Market anticipation
Last week, Bernstein analysts Gautam Chhugani and Mahika Sapra forecasted that Ether spot ETFs will see slightly lower demand when they go live, compared to Bitcoin [BTC] ETFs, since they mostly share the same sources of demand.
The co-authors also cited “the lack of an ETH staking feature” in the approved spot Ether ETFs as a deterrent that could dampen interest in the products.
Bitcoin ETFs have thus far attracted $55 billion since their introduction at the start of the year.
Though inflows have waned from the February highs, analyst projections show that the figure is expected to eclipse $100 billion by the end of 2025.
Source: Coinglass
J.P. Morgan, on the other hand, forecasted that Ether ETFs could see net inflows of about $3 billion ($6 billion if staking is permitted) by the end of the year.
Read Ethereum’s [ETH] Price Prediction 2024-25
J.P. Morgan also expected the market’s immediate reception to be mildly negative, citing possible profit-taking by investors who bought the Grayscale Ethereum Trust (ETHE) in expectation of its conversion to an ETF.
Separately, in the last week, Bitwise CIO Matt Hougan projected that Ether spot exchange-traded funds (ETFs) would draw in $15 billion of net inflows in the first dozen and a half months.
can you buy generic clomid prices order cheap clomid without dr prescription can i order clomid for sale can i purchase cheap clomiphene pills where can i get clomid without dr prescription buying cheap clomid pill how to get clomiphene
More posts like this would persuade the online time more useful.
This website absolutely has all of the tidings and facts I needed adjacent to this subject and didn’t positive who to ask.
order zithromax 500mg – buy cheap generic ofloxacin buy metronidazole 200mg online cheap
semaglutide 14mg without prescription – periactin sale order periactin 4 mg generic
buy domperidone 10mg – order motilium 10mg generic order cyclobenzaprine 15mg online
inderal 20mg cheap – buy clopidogrel sale buy methotrexate 2.5mg generic
brand azithromycin 250mg – order generic zithromax 250mg cost bystolic 5mg
augmentin 1000mg canada – https://atbioinfo.com/ buy acillin online
nexium 20mg generic – https://anexamate.com/ order esomeprazole 40mg capsules
buy warfarin 5mg for sale – blood thinner order hyzaar pill
meloxicam 7.5mg pill – https://moboxsin.com/ buy mobic 15mg
erection pills viagra online – cheap erectile dysfunction pills online cheapest ed pills online
I’ll certainly return to read more.
More content pieces like this would insinuate the интернет better.
oral fluconazole 200mg – https://gpdifluca.com/ diflucan 100mg tablet
buy lexapro without a prescription – escitapro.com escitalopram 10mg usa
order cenforce 100mg for sale – on this site generic cenforce 50mg
sanofi cialis – https://ciltadgn.com/# mantra 10 tadalafil tablets
how long i have to wait to take tadalafil after antifugal – https://strongtadafl.com/ what is the difference between cialis and tadalafil
cuanto sale el viagra en uruguay – https://strongvpls.com/# herbal viagra sale ireland
More posts like this would add up to the online space more useful. this
I am actually delighted to gleam at this blog posts which consists of tons of of use facts, thanks towards providing such data. order amoxicillin generic
More posts like this would persuade the online elbow-room more useful. https://ursxdol.com/furosemide-diuretic/
I am in fact delighted to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks object of providing such data. https://prohnrg.com/
With thanks. Loads of erudition! https://aranitidine.com/fr/prednisolone-achat-en-ligne/
More text pieces like this would make the web better. https://ondactone.com/product/domperidone/
This website exceedingly has all of the tidings and facts I needed there this case and didn’t know who to ask.
buy colchicine generic
This is the gentle of criticism I truly appreciate. https://lzdsxxb.com/home.php?mod=space&uid=5065790
order dapagliflozin 10 mg online – https://janozin.com/# buy dapagliflozin 10 mg generic
xenical price – https://asacostat.com/ buy orlistat