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Some Big Buyers Step Into Ether Market
Ether, the second-largest cryptocurrency behind only bitcoin, followed its bigger counterpart lower when digital currencies were slammed earlier this month. As of late Monday, it resided below the psychologically important $2,700 area despite having surged more than 10% over the prior week. There are, however, some encouraging signs in the ether market. If those continue emerging, they could bear fruit for the newly minted spot ether ETFs. Those include the VanEck Ethereum ETF (ETHV). The fund is less than two months old and already has about $65.5 million. That indicates there’s appetite among ETF investors for ... (full story)
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- Posted: Aug 13, 2024 1:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 114
