Ethereum Network Growth Hits Highest Level In 4 Months, Will Price Follow?

While numerous cryptocurrencies are experiencing significant downturns due to broader market volatility, the Ethereum (ETH) network is experiencing a substantial growth surge, hitting its highest levels in four months. This notable uptick has sparked speculations about the possibility of a subsequent price increase.     Ethereum Network Sees Explosive Growth In an X (formerly Twitter) post on…

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WisdomTree Files To Withdraw Ethereum Trust Registration Statement – Details

American investment company WisdomTree has requested to withdraw its Ethereum Trust registration statement three years after submission to the US Securities and Exchange Commission (SEC). This development comes a few hours after fellow asset manager VanEck closed down its Ethereum futures ETF citing a lack of demand. WisdomTree To Terminate Ethereum ETF Registration  In a…

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Ethereum Slips To $2,350 As Whales Make Exchange Inflows Worth $751 Million

Ethereum has witnessed a drop towards the $2,350 level as on-chain data reveals the whales have been making large exchange inflows recently. Ethereum Exchange Netflows Have Been Positive Recently According to data from the market intelligence platform IntoTheBlock, the ETH Exchange Netflow has been positive recently. The “Exchange Netflow” here refers to an on-chain indicator…

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Spot Ethereum ETFs Exhibit Similar Trend To Spot Bitcoin ETFs, Market Expert Observes

The historical Spot Ethereum Exchange-Traded Funds (ETFs) are currently seeing a negative sentiment, which is believed to be mimicking the negative trend seen with that of the Spot Bitcoin ETFs on BTC’s price following its inception in January of this year. Their respective ETFs have seen decreased inflows and deteriorating performance, closely mirroring each other…

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