Ethereum ™️ | ETH | News

🪙 ARK 21Shares Amends Spot ETH ETF Filing: Cathie Wood On Ethereum ETF Approvals In January, ARK Invest teamed up with 21Shares to offer a spot bitcoin ETF, which trades as ARKB. The ETF has been hugely successful, attracting several billion dollars in investment. However, the duo is not content with just a spot in a bitcoin ETF. They have also applied for a spot in ethereum ETF, which is currently under review by the SEC. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Filing shows SEC potentially considering ETH a security in likely ETF denials, analysts say Van Buren Capital General Partner Scott Johnsson unearthed Tuesday an overlooked detail in a March filing, resurfacing the suggestion that the U.S. Securities and Exchange Commission may consider ether a security ahead of expected spot exchange-traded fund denials this month. “The obvious purpose is to potentially deny on the basis that these spot filings are improperly filed as commodity-based trust shares and do not qualify if they are holding a security,” Johnsson added. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Vitalik Buterin drafts EIP-7706, proposing new calldata gas type for Ethereum Ethereum co-founder Vitalik Buterin has proposed a new Ethereum Improvement Proposal, EIP-7706, suggesting a new category of gas for transaction calldata. Ethereum transactions currently involve two main types of gas: one for execution, which covers the computational effort required to process a transaction, and one for storage, which is the cost related to storing data with “blobs.”. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Ethereum trades horizontally as institutional whales dump heavily on Coinbase Ethereum (ETH) sustained its weekend sideways movement on Monday following a quiet market. However, institutional whales have been depositing the largest altcoin to Coinbase as ETH products also recorded $14.4 million in outflows last week. In a recent whale move on Monday, an eight-year-old Ethereum wallet moved 4,153 ETH worth $12.17 million to Coinbase, according to Spot On Chain. Considering that the whale bought 12,427 ETH from Poloniex at an average entry price of $11 eight years ago. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Ethereum has been increasingly inflationary for over a month as fees hit all-time low Since Ethereum moved from proof-of-work to proof-of-stake in 2022, it has become a deflationary asset. The total circulating supply of Ethereum (ETH) currently stands at 120,105,358 ETH, representing a 415,680 ETH decrease from the supply levels observed before The Merge. Ethereum’s supply dynamics have shifted, with 35,548.72 ETH being burned (removed from circulation) and 75,072.43 ETH being issued as block rewards to validators. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

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🪙 Spot Ethereum ETF: SEC Meetings Could Shift Approval Odds Spot Ethereum ETFs, Fox journalist Eleanor Terrett revealed that upcoming meetings are scheduled between ETF applicants and staff members of the U.S. Securities and Exchange Commission (SEC). This disclosure follows a series of mixed sentiments from industry insiders regarding the likelihood of approval. Moreover, Sigel’s remarks during a podcast indicated a lack of optimism from VanEck’s perspective, adding to the prevailing uncertainty. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Ethereum 'speculatory divergence' sees ETH price cling to $3K support Ethereum's Ether (ETH) has “underperformed” compared to Bitcoin this cycle, and new holders now risk falling into losses. In the latest edition of its newsletter, “The Week On-Chain” on May 7, analytics firm Glassnode revealed the role of speculators in ETH price support. Both Bitcoin and Ether have seen downside price action following the former’s latest block subsidy halving in April. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 ARK Invest and 21 Shares cut staking component from latest spot Ethereum ETF filing A spot ether exchange-traded fund proposal from Cathie Wood's ARK Invest and 21Shares will not include staking. In a previous filing, ArkInvest/21 Shares included a staking component that said that the "sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers." That specific language was not included in the updated filing on Friday. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🇭🇰 Hong Kong’s spot 💰 bitcoin ETFs saw second daily net outflows since debut Spot Bitcoin exchange-traded funds in Hong Kong experienced their second daily net outflows on Thursday since debuting on April 30, with about 90.16 BTC exiting the ETFs. China Asset Management’s spot Bitcoin ETF saw 80.16 BTC leave the product yesterday, while the Bosera HashKey Bitcoin ETF recorded an outflow of 10 BTC, according to data from SosoValue. Harvest’s spot Bitcoin ETF logged zero flows. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews