Daily Dispatch
Posts
Ethereum ETFs start trading today 🔷

Ethereum ETFs start trading today 🔷

U.S. spot Ethereum ETFs begin trading Tuesday, following the SEC's about-face.

Stephen Graves
July 23, 2024

IN PARTNERSHIP WITH

📝 What you need to know

Spot Ethereum ETFs begin trading in the U.S. Tuesday, following the Securities and Exchange Commission’s unexpected volte-face in May.

The price of ETH jumped above $3,500 ahead of the start of trading—though analysts from algorithmic trading firm Wintermute cautioned that spot Ethereum ETFs could see “lower-than-anticipated demand,” pouring cold water on earlier predictions that the launch of the financial products could propel ETH’s price as high as $5,000.

These Are All the Ethereum ETFs Set to Start Trading in the US

U.S. spot Ethereum ETFs start trading on July 23. Here's the list of firms who’ve been given the green light by the SEC.

Ethereum ETFs Finally Start Trading Tuesday—Here’s What to Expect

It's official: Ethereum ETFs start trading tomorrow. But what exactly will happen to ETH? Here's what the experts think.

Ethereum Price Climbs to $3,500 Ahead of Spot ETF Trading in US

The Ethereum price climbed above $3,500 in early trading on Tuesday—hours ahead of most spot ETFs starting to trade in the US.

Ethereum ETFs May See ‘Lower-Than-Anticipated Demand’: Report

Even with far less demand than observed with Bitcoin funds, Ethereum ETFs could see a 24% price increase for ETH, says Wintermute.

🎓 LEARN: Getting Started with Institutional Staking

Earn a free NFT by taking our course, “Getting Started with Institutional Staking,” in partnership with Figment. Learn all about how proof of stake blockchains work, how to earn rewards through staking, and the various staking solutions available to retail and institutional investors.

💬 Quote of the Day

❝

“The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto and government as a service.”

Mark Cuban on prospective Democratic Party Presidential candidate Kamala Harris

🌐 From Our Hubs

🎮 GG: Could Fortnite Use Blockchain? ‘Perhaps Someday,’ Says Epic CEO

Fortnite may utilize blockchain in the future—but it will not use crypto or offer NFT trading, Epic Games CEO Tim Sweeney said.

🎭 SCENE: Artist Brendan Murphy Launching Bitcoin 'Spacemen' via Ordinals

The "Frozen With Desire" Bitcoin Ordinals collection on Magic Eden includes access to a 3D recreation of the diamond-encrusted sculpture.

🤖 EMERGE: And the Winner Is: We Got AI Models to Predict the Next US President

ChatGPT, Grok, Claude AI, and Venice AI gave their takes on who would win in a hypothetical head-to-head matchup.

From Our Partner

Decentralized oracle provider API3 has announced the launch of the OEV Network, billed as “the first on-chain solution to recapture oracle extractable value (OEV) for lending protocols.”

Now live and fully integrated with the API3 Oracle Stack, the OEV Network is a layer 2 platform that aims to establish an efficient market for oracle updates.

“Instead of competing in blockspace auctions to get your transaction included first, searchers will compete for the right to perform oracle updates that allow for liquidations, with the proceeds of these auctions being programmatically returned to dapps,” said API3 Strategy Lead Ugur Mersinlioglu, adding that it could enable dapps to recapture “multi-million dollar opportunities.”

Find out more here.

📚 Dive Deeper

📹 WATCH: Mika Shares How to Sell Crypto Using Kraken Wallet

Rug Radio creator Mika guides you through the process of selling crypto and transferring it back to your bank account.