⇑ ETH Coin: Massive Corporate Accumulation Boosts Ethereum's Value
The Securities and Exchange Commission (SEC) has approved in-kind redemptions for all spot Bitcoin and Ethereum ETFs, thus reshaping the...
Cathie Wood offloads stock in Coinbase and Roblox to invest in Tom Lee's ETH-focused firm. She also increases the amount of ETH in her ARK Treasury portfolio. Other companies are quietly accumulating a substantial amount of Ethereum. As BTC's dominance drops, ETH leads the altcoin rally with Bitwise CIO predicting a major rally due to supply crunch. SEC approves Grayscale ETF composed of BTC, ETH, and other cryptocurrencies. Linking growing interest in Ethereum to companies adding it to their balance sheets, CIO says that Ethereum-based meme coin, PEPETO, reached a successful presale of $5.5M. It's not just about Bitcoin anymore, Ether is now seen as a part of serious crypto treasury plays. Supply crunch is predicted to be one of the driving factors. The news of a $10K prediction for ETH and a $250K prediction for BTC fuels investor interest further. Interest from institutional analysts underlines a shift towards Ethereum as ETH ETFs attract a significant volume of inflow. ETH reaching a high of $3800 in a six-month spike is attributed to increased institutional buying. Ethereum's fundamentals are deemed to be strong as long as a $3600 support survives. Ethereum has emerged as Wall Street's favored blockchain. According to an analyst, Ether is set to hit $4000 soon due to a record short squeeze. An irreversible loss of $3.4B worth of Ether has been recorded due to user errors by Coinbase. Meanwhile, the SEC rules that ETH is not a security, providing investors with some degree of comfort.
ETH Coin News Analytics from Tue, 01 Jul 2025 07:00:00 GMT to Wed, 23 Jul 2025 22:00:00 GMT - Rating 8 - Innovation 5 - Information 7 - Rumor -6