iShares Ethereum ETF Surpasses $1B In Total Value
iShares Ethereum ETF Surpasses $1B In Total Value
Taiwan Opens Foreign Crypto ETFs To Investors, $3.42B In Token Unlocks Expected Next Month
BlackRock's iShares spot Ethereum ETF has surpassed $1 billion in total asset value in just 2 months, according to Sosovalue.
ETF Store President Nate Geraci said that this puts BlackRock's ETF in the top 20% of the 3,700 ETFs in the US.
Last week's market rally brought Bitcoin ETFs $1.11 billion in inflows, and Ethereum ETFs - $84.6 million.
BlackRock also keeps buying Bitcoin, and its current ~363,626 BTC holdings are nearing those of Binance's 550,000 BTC.
Market Update
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Taiwan Opens Foreign Crypto ETFs to Professional Investors
Taiwan's Financial Supervisory Commission has taken a significant step in the realm of digital asset investments by allowing professional investors to engage with foreign crypto ETFs. The new regulations include mandatory anti-money laundering compliance and the imposition of a 5% VAT on transactions. | Read More
$3.42B In Token Unlocks Expected In October
In October, the cryptocurrency market is set to experience significant changes as a total of $3.42 billion in token unlocks are scheduled. This includes major projects such as Sui, Aptos, and Celestia, which will release a substantial number of tokens. | Read More
Solana's User Numbers Questioned Amid Bot Activity Claims
In recent discussions, the authenticity of Solana's reported daily active user numbers has come under scrutiny. Research from Flip Research suggests that Solana has surpassed Ethereum in several metrics, but it might be largely due to bot activity. Some suggest that bots might be greatly inflating the daily active user count. | Read More
FTX's Bankruptcy Plan Sparks Shareholder Controversy
FTX plans to set aside up to $230 million for certain shareholders, rather than creditors, from government forfeiture proceeds. This last-minute change has caught many creditors off guard, as they had already voted on the reorganization plan in August. | Read More