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There’s a lot of tech wizardry going on behind the scenes that makes it all possible
Plus, are people still excited about the ETH ETFs?
The Grayscale Ethereum Trust exchange-traded fund conversion removes discounts and lock-in periods, which could prompt investors to sell their shares for cheaper ETFs from issuers like BlackRock and Fidelity, an analyst said.Outflows from the converted Grayscale’s Ethereum Trust could weigh on the price of ether in the initial period after the launch of ETF trading, the analyst added.
Share link:In this post: Grayscale moved $1 billion worth of Ethereum to Coinbase to prepare for the launch of its spot Ethereum ETFs on the NYSE and other platforms. Coinbase will be the custodian for eight of the nine new Ethereum ETFs. Grayscale’s Ethereum ETF has a high management fee of 2.5%, which is much higher than competitors like BlackRock and Fidelity.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information
Kaiko’s latest analysis suggests that Ether’s price will be sensitive to spot ETF inflows, given the low demand for futures products back in late 2023.
- 07:05Goldman Sachs: If the yen-to-dollar exchange rate rises to 130, the Bank of Japan may consider stopping interest rate hikesGoldman Sachs analysts suggest that if the yen-to-dollar exchange rate rises to 130, the prospect of sustained inflation in Japan becomes bleak and the Bank of Japan may consider pausing interest rate hikes. Akira Otani, a leading economist at Goldman Sachs, wrote that a significant appreciation of the yen could squeeze profits for Japanese exporters, lower import prices, suppress domestic investment and weaken wage growth, posing challenges for the Bank of Japan's continued tightening policy. They also said that if the yen strengthens against the dollar to a low level above 130, The Bank of Japan might reduce its inflation forecast for fiscal year 2026 to around 1.5%, below its target of 2%. Conversely, if the yen falls below 160 - which triggered an interest rate hike by The Bank of Japan last July - The Bank may consider further advancing or accelerating interest rate hikes.
- 06:51JPMorgan: U.S. Treasury bonds may have bottomed outChainCatcher news: JPMorgan Asset Management stated that U.S. Treasury bonds may have bottomed out due to signs of strong foreign demand and market expectations that the Federal Reserve will support U.S. government debt when necessary. Bob Michele, the company's global fixed income chief, said, "I feel good; we are investing here at low prices and high yields." "In our conversations with overseas investors, they are not being scared off by U.S. Treasuries." Previously, U.S. Treasuries experienced their largest drop since 2001 due to Trump's tariffs and unpredictable policymaking undermining demand for long-term safe-haven assets. Michele cited Federal Reserve data showing that foreign central banks and reserve management agencies have recently increased their holdings of U.S. Treasuries. He also noted recent comments from Fed's Collins stating that if things become chaotic, the Fed is "absolutely ready" to help stabilize financial markets.
- 06:50Tether CEO: The number of USDT users increased by 13% quarter-on-quarter in Q1 2025Tether CEO Paolo Ardoino stated on social media that the number of USDT users grew by 13% in the first quarter of 2025.