CoinDiary’s Post

Spot Ether #ETFs in the United States have reached a historic milestone, recording record breaking daily inflows that surpassed spot #Bitcoin ETFs by approximately $2.9 million on the same day. This surge underscores Ethereum’s growing appeal as a key digital asset, bolstered by its critical role in decentralized finance (#DeFi), smart contracts, and blockchain innovation. BlackRock the world’s largest asset manager, played a pivotal role in driving these inflows, contributing a staggering $250.4 million on November 29 alone. Since launching on July 23, BlackRock’s iShares Ethereum Trust (ETHA) has surpassed $2 billion in total inflows, as highlighted by ETF Store president Nathan Geraci in a recent post. These numbers not only signify a shift in market dynamics but also underscore Ethereum’s strengthening position as a cornerstone of the cryptocurrency ecosystem. With institutional giants like BlackRock backing Ethereum the narrative of Ether as a key investment asset continues to gain momentum. #crypto #cryptomarket #digitalassets #bitcoin #ethereum #etf #future

Fidelity Ethereum Fund (FETH) Update: November 14, 2024 FETH Sees Record Inflows Amid Ethereum's Price Surge The Fidelity Ethereum Fund (FETH) has experienced unprecedented investor interest, with net inflows exceeding $100 million on November 13, 2024. This surge aligns with Ethereum's price reaching a new high of $3,300, driven by increased adoption of decentralized applications and positive market sentiment. My Perspective: The substantial inflows into FETH underscore the growing confidence in Ethereum's potential and the broader acceptance of cryptocurrency investments. Fidelity's offering provides a regulated avenue for investors to gain exposure to Ethereum, highlighting the fund's role in integrating digital assets into traditional investment portfolios. #FETH #EthereumETF #CryptocurrencyInvesting #FidelityInvestments #DigitalAssets

Today marks a significant milestone in the world of cryptocurrency and finance. Ethereum spot ETFs are set to start trading in the United States for the first time today, July 23. Ethereum (ETH ), the second-largest digital asset by market capitalization, is known for its innovative blockchain technology and smart contracts. The introduction of Ethereum ETFs provides a new and accessible way for investors to gain exposure to the crypto asset without directly owning the digital asset. Why is this important? Accessibility: Investors can now buy and sell Ethereum through a regulated ETF, making it easier to include in traditional portfolios. Diversification: Ethereum ETFs offer a way to diversify within the crypto market, alongside Bitcoin ETFs and other financial instruments. Credibility: The launch of these ETFs signifies growing acceptance and validation of cryptocurrencies in the mainstream financial sector. This move is expected to attract a broader range of investors, from institutional players to everyday individuals, fostering greater participation and innovation in the crypto space. As we witness this historic moment, it’s clear that the future of finance is being reshaped. #Ethereum #ETF #Crypto #Blockchain #Finance #Innovation #Investment

💸 Cryptocurrency and other digital asset funds for U.S. investors As the blockchain and cryptocurrency industry continues to grow, it has captured the attention of retail and institutional investors alike, including asset managers seeking to develop investment strategies and products involving these emerging assets and companies. Some strategies resemble early-stage growth strategies, featuring long-term investments either directly in certain digital assets or in start-up ventures developing complementary goods and services for the industry. Other strategies include hedge fund strategies, such as long/short funds, which often use derivatives, or arbitrage strategies, which seek to capitalise on the price fragmentation across the hundreds of global online exchanges. Gregory Rowland of Davis Polk & Wardwell LLP and Trevor Kiviat of NYDIG outline the current U.S. regulatory and tax framework applicable to cryptocurrency and other digital asset investment funds (“digital asset funds”) offered to U.S. investors and how those regulatory and tax considerations affect fund-structuring decisions in the most recent edition of Global Legal Insights - Blockchain & Cryptocurrency 2024. Read more 🔗 https://lnkd.in/egVvgkVD #Blockchain #Cryptocurrency

News in for Ethereum Investors! ETF (Exchange-Traded Fund) has been approved for Ethereum, opening up new avenues for investors to participate in the crypto market. What does this mean for Ethereum and its investors? Increased Legitimacy: Approval of an ETF enhances Ethereum's reputation and credibility in the financial world, signaling mainstream acceptance of the blockchain technology. Enhanced Accessibility: With an ETF, investors can now easily buy and sell shares on stock exchanges, providing more convenient access to Ethereum without the complexities of directly purchasing the cryptocurrency. Potential Value Boost: The approval of an ETF could drive greater demand for Ethereum, potentially leading to a surge in its value as more investors seek exposure to this innovative blockchain platform. Future Growth: By attracting more institutional investors and fostering mainstream adoption, Ethereum could see accelerated growth and development, paving the way for its continued success in the crypto space. Positive times lie ahead for Ethereum, and this ETF approval marks a significant milestone in its journey towards broader recognition and adoption. #ethereum #crypto #blockchain #etf #investing #defi #btc

The CryptoCurrency market has been experiencing a significant surge, with Bitcoin Inc., XRP, and Chainlink leading the charge. But what's driving this upward trend? Key factors contributing to the rise: 1. Institutional investment: Increased adoption and investment from institutional players, such as pension funds and family offices. 2. Regulatory clarity: Growing regulatory clarity and acceptance, particularly in the US and Europe. 3. Technological advancements: Improvements in scalability, security, and usability, making cryptocurrencies more attractive to investors. 4. Global economic uncertainty: Investors seeking alternative assets amidst economic uncertainty and inflation concerns. What does this mean for the future of cryptocurrency? 1. Increased mainstream adoption: Growing acceptance and investment from institutional players and individual investors. 2. Improved regulatory frameworks: Clearer regulations and guidelines, promoting a more stable and secure market. 3. Continued innovation: Advancements in technology and infrastructure, driving further growth and adoption. Stay ahead of the curve and keep an eye on the evolving cryptocurrency landscape! #Cryptocurrency #Bitcoin #XRP #Chainlink #InstitutionalInvestment #RegulatoryClarity #TechnologicalAdvancements #GlobalEconomicUncertainty #MainstreamAdoption #RegulatoryFrameworks #Innovation

The approval of Bitcoin #ETFs in January has injected new money and a renewed sense of optimism into the industry, pushing up the price of Bitcoin to all time highs. What impact will the recent Bitcoin halving have on crypto markets? Where are the practical use cases for blockchain technology beyond cryptocurrencies – and which investment strategies are delivering the best returns? We enjoyed a highly interactive discussion on the latest milestones in the #digitalassets space. A special thank you to our experts: Rabia Iqbal - Managing Partner at Nural Capital - a digital assets investing platform providing access to top blockchain funds and direct investments.   Anatoly Crachilov - CEO & Founding Partner at Nickel Digital Asset Management - an award-winning investment manager merging traditional finance with the fast-paced digital asset market.   Tamer Ozmen - Founder & CEO at Mintus - a platform which transforms alternative assets into financial products, providing access to uncorrelated asset classes for financial institutions such as Asset Management firms, and Private Banks. More here: https://lnkd.in/ggytBH9c #crypto #market #blockchain #asset #managment #technology #investing #event #bitcoinhalving #LTC #londontechnologyclub

The SEC has approved the first batch of spot Ethereum ETFs, marking a significant milestone for the cryptocurrency market. This approval paves the way for funds such as the Grayscale Ethereum Trust, Bitwise Ethereum ETF, iShares Ethereum Trust, and several others to start trading on major exchanges like Nasdaq. This move is expected to enhance market liquidity and attract more institutional investors, potentially driving the price of Ethereum higher (Techopedia) (The Block). This new development not only simplifies access to Ethereum for traditional investors but also boosts market confidence in the regulatory environment surrounding cryptocurrencies. With these ETFs, investors can gain exposure to Ethereum's price movements without directly holding the cryptocurrency, thus reducing the complexities and risks associated with crypto wallets and exchanges (CoinMarketCap) (The Block). This strategic move by the SEC reflects a growing acceptance of cryptocurrency assets in mainstream finance, further integrating digital currencies into the broader financial ecosystem. Read the full article here: https://lnkd.in/eM6hx6y7 #blockchain #decentralzation #dag #blockchaincommunity #digtialassets

State Street's and Galaxy's Crypto ETFs Go Live 🎇 State Street Global Advisors and Galaxy Digital have partnered to launch three new actively managed ETFs offering exposure to both blockchain companies and crypto tokens through futures and other ETFs. > In July, both firms sought SEC approval for the ETFs, aiming to offer exposure beyond spot bitcoin ETFs. > Galaxy Digital had previously launched a spot bitcoin ETF with Invesco. > Anna Paglia, the CBO of State Street believes digital assets and blockchain will transform financial markets. > The funds began trading on Tuesday under the ticker symbols DECO, HECO, and TEKX. This is State Street’s first significant move into the crypto markets. The firm manages $4T in assets. The launch of these ETFs will likely intensify competition in the digital asset investment space, potentially driving further product development and lower fees for investors. Read more about this here: https://lnkd.in/gq9ihjpH #ETF #crypto #web3

🔥 The HBAR token is up 110% after the tokenization of the BlackRock fund. The HBAR token surged by 110% after the HBAR Foundation, a Hedera blockchain development company, announced the tokenization of the U.S. Treasury Money Market Fund (MMF), originally attributed to BlackRock. This caused confusion on social media as it was mistakenly believed that BlackRock was involved in the partnership with Hedera. Chris O'Connor, founder of Cardano Ghost Fund DAO, clarified that BlackRock was not part of the Hedera development, criticizing the HBAR Foundation for misleading information. Despite the correction, HBAR's price increased from $0.08 to $0.17 following the announcement, settling at $0.14 with a market capitalization of $5.1 billion. Earlier collaborations include Shinhan Bank and Hedera testing cross-border payments via stablecoins in July 2023, and a blockchain platform attack resulting in fund withdrawals in March. Mids.Capital is your partner in navigating the ever-evolving crypto landscape. We look forward to more exciting journeys together! 🌐🚀 #cryptomarketnews #cryptomarket #cryptonewsdaily #cryptonewstoday #altcoinupdate #cryptoamarketmakers #altcoins #marketmaking #bitcoin #bitfinex