ETH tumbles despite the cheer around Ethereum’s ETF license. Assessing…

futures ETFs. On 1 August, Volatility Shares, Bitwise, Roundhill, VanEck, Proshares, and Grayscale filed applications for these ETFs.

An Ethereum ETF is an exchange-traded fund that includes ETH or assets linked to its price. Unlike cryptocurrencies that are traded on dedicated cryptocurrency exchanges, an ETH ETF is traded on a traditional exchange. The functioning of an ETH ETF is similar to any other ETF. Investors can purchase shares in the ETF through their brokerage, just like they buy stocks, and can trade these shares in the same manner.ETF is that investors don’t need to be concerned about private keys, storage, or security related to holding cryptocurrencies.

Instead, they own shares in the ETF, providing them exposure to the cryptocurrency market without the complexity of purchasing and holding actual crypto assets.Ethereum exhibited a strong correlation with stocks from early June to late July. During this period, their price trends moved in sync. However, the correlation weakened over time, and since then, ETH’s price trend has diverged from that of the S&P 500 and other stocks.As of the current writing, the S&P 500 and other stocks have experienced notable increases, rising by over 10%. In contrast, the price of ETH declined, though it has been relatively small, remaining below 1%.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum: One more reason to invest in ETH as it outperforms BTC in JulyEthereum price movement turned out to be better than Bitcoin's over the last month. Despite declining price, addresses continued to accumulate ETH.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum Name Service: Whale causes flurry amidst July dipCrypto whale reclaims dormant ENS tokens as .eth registrations log a monthly decline in July.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Traders seek stability in stablecoins as BTC and ETH face these hurdlesThe $30,000 and $2,000 price levels have acted as barriers for the king of cryptocurrencies and the king of altcoins. Traders, thus, turned to stablecoins in light of the hurdles faced by BTC and ETH.
Source: CryptoAmb - 🏆 22. / 68 Read more »

ETH might be due for a bullish bounce courtesy of this observationEthereum may in for a bullish recovery as it tested an important support level of the past. Despite ETH's MVRV ratio at a four-week low, buyers investing in ETH would be at a profit in light of recovery.
Source: CryptoAmb - 🏆 22. / 68 Read more »

How Ethereum remains profitable even as prices stagnateProfit taking on ETH transactions climbs despite the sideways movements of its price.
Source: CryptoAmb - 🏆 22. / 68 Read more »