Bitwise Withdraws Application, A Big Blow To Ethereum ETFs?

Bitwise Withdraws Application, A Big Blow To Ethereum ETFs?

Asset manager Bitwise has withdrawn its application to convert its Bitcoin futures ETF into one that invests in both Bitcoin and Ethereum futures contracts, leading to speculation about the decision’s meaning for Ethereum futures ETFs. Bloomberg Analyst James Seyffart believes the move was made because Bitwise doesn’t see the benefit in having a dual BTC … Read more

Ethereum Price Grinds Lower But Key Support Is Still Intact

Ethereum Price Grinds Lower But Key Support Is Still Intact

The price of Ethereum has experienced a downward correction after failing to break the $1,670 resistance level. It is currently trading below $1,640 and the 100-hourly Simple Moving Average. A key bearish trend line is forming with resistance near $1,640. To see another increase, Ethereum must stay above the $1,600 support zone. If it fails … Read more