3 REASONS YOU NEED ETHEREUM 🧠 According to analysts, the Ethereum ETFs could launch by July 2nd. That means investors need to be adding Ethereum to their portfolios now. That's the latest takeaway out from Matt Hougan. Matt Hougan Matt Hougan is the Chief Investment Officer at Bitwise - the...
3 REASONS YOU NEED ETHEREUM 🧠 According to analysts, the Ethereum ETFs could launch by July 2nd. That means investors need to be adding Ethereum to their portfolios now. That's the latest takeaway out from Matt Hougan. Matt Hougan Matt Hougan is the Chief Investment Officer at Bitwise - the 4th largest Bitcoin ETF issuer. In his latest investment memo, Hougan broke down 3 reasons why you should consider adding ETH to your portfolio. Reason #1: Diversification One of the first lessons every investor learns is to diversify. Don’t own one stock; own a basket. The same can be said about crypto. It’s very hard to know exactly just how crypto will change the world, so the default approach should be to “own the market”. Here’s how Matt explains it: “Today, the market cap for ETH, the crypto asset that powers the Ethereum blockchain, is about $420 billion. That’s about one-third the size of Bitcoin’s $1.3 trillion. The starting place should therefore be about 75% Bitcoin and 25% ETH.” Matt Hougan Reason #2: Bitcoin and Ethereum Target Different Use Cases Bitcoin & Ethereum are not the same. Bitcoin is the best form of money that has ever existed. On the other hand, Ethereum makes money programmable. Two very different use cases. By having both Bitcoin & Ethereum in your portfolio, you cover all your bases. “Again, it is early in the crypto revolution. That makes it difficult to know exactly which applications will matter over the long term. Adding ETH to your Bitcoin simply gives you broader exposure to what public blockchains can do.” Matt Hougan Reason #3: Historical Analysis Says You Should Historically, adding ETH to your portfolio has boosted both absolute and risk-adjusted returns compared to BTC only. The table below looks at the impact a 5% allocation to crypto has had on a traditional portfolio of 60% stocks and 40% bonds over the past four years, using both a Bitcoin-only and a split 75% BTC / 25% ETH strategy. chart The table makes 2 points clear: Allocating to crypto in general boosted both absolute and risk-adjusted returns Adding ETH exposure resulted in even higher absolute and risk-adjusted returns Matt explains: “You even get a smaller maximum drawdown despite the higher overall returns, thanks to the benefits of diversification.” Matt Hougan We think the writing is on the wall - adding at least some Ethereum to your portfolio is a no-brainer. 🧠 Smaller drawdowns and bigger returns? Count us in. However - one thing to note is that Bitcoin dipped following the launch of the Bitcoin ETFs. It then rocketed to new all-time highs. 🚀 We wouldn’t be surprised to see Ethereum follow a similar pattern.
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HODL WAVES 🌊 Today we’ll be taking a look at the classic HODL Waves metric. This time for Ethereum. Each coloured band shows the percentage of ETH that last moved within that time period. As the colours get cooler, the age bands get older (blue being the oldest, representing coins having...
HODL WAVES 🌊 Today we’ll be taking a look at the classic HODL Waves metric. This time for Ethereum. Each coloured band shows the percentage of ETH that last moved within that time period. As the colours get cooler, the age bands get older (blue being the oldest, representing coins having last moved 7 - 10 years ago). This metric can also be used for short-term holders, but we’ll just be focusing on long-term holders today. onchain Here’s the breakdown: 6m - 12m: 14.60% 1y - 2y: 15.16% 2y - 3y: 16.41% 3y - 5y: 15.00% 5y - 7y: 10.55% 7y - 10y: 8.88% That means that ~80.60% of the Ethereum supply has NOT moved for over 6+ months. That’s an insane amount of the supply not moving. (even more than Bitcoin’s, percentage wise) That only leaves 19.40% of the supply in the hands of short-term holders. (coins last moved within 6 months) But there’s a reason why Ethereum has a larger percentage of long-term holders… And that’s staking! Ethereum holders are incentivised to lock up their holdings to earn rewards. (learn more about staking here) With the recent approval of the Ethereum ETFs, these supply dynamics are ridiculously good. And when they launch, things could get a little crazy. 🚀
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VANECK RAISES PREDICTION 🏦 BREAKING: VanEck predicts Ethereum will hit $22,000 per token by 2030 ethereum VanEck believes Ethereum will hit $22,000 by 2030. 🤯 That’s a 487% return from todays price and a compound annual growth rate (CAGR) of 37.8% This price target is based on...
VANECK RAISES PREDICTION 🏦 BREAKING: VanEck predicts Ethereum will hit $22,000 per token by 2030 ethereum VanEck believes Ethereum will hit $22,000 by 2030. 🤯 That’s a 487% return from todays price and a compound annual growth rate (CAGR) of 37.8% This price target is based on Ethereum’s significant user base and economic activity: 20 million monthly active users Facilitates $4 trillion in annual settlement value Overseas $308 billion in digital assets According to VanEck, the launch of the Ethereum ETFs is arguably the most important step: “We anticipate that spot ether ETFs are nearing approval to trade on U.S. stock exchanges. This development would allow financial advisors and institutional investors to hold this unique asset… and benefit from the pricing and liquidity advantages characteristic of ETFs.” VanEck research report Continuing on, the report explains: “While maintaining its dominant position among smart contract platforms, we see a credible path to $66B in free cash flow to token holders supporting a $2.2 trillion asset, or $22k per coin, by 2030.” VanEck research report But $22,000 is only VanEck’s “base case”. They also included price targets for their bull and bear cases by 2030: Bull case: $154,000 Base case: $22,000 Bear case: $360 ($360 - $154,000 that’s quite the range they’ve got there…) VanEck also notes that Ethereum’s user base has been increasing at a rapid rate. ethereum Did you also know that Ethereum has has higher revenue per user than most Web2 businesses? onchain $22,000 does feel a little conservative… But if $22,000 by 2030 is the case, you can’t really complain about a compound annual growth rate of 37.8% As a reminder, the Ethereum ETFs have only been approved. They haven’t launched yet. 🚀 If you’re interested, checkout the full report here.
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WOOHOOOOOOOOOOO ETH ETHE ☝️🥳🚀🚀🚀🚀🚀🚀🚀🚀💫⭐️
ETHEREUM READY TO LAUNCH SOON? 🤔 BREAKING: Ethereum ETF June launch ‘legit possibility’ as BlackRock files S-1 Ethereum BlackRock has updated its S-1 filing for its spot Ethereum ETF. Last week saw the approval of the 19b-4 filings, now we’re waiting on the S-1 filings - both need approval...
ETHEREUM READY TO LAUNCH SOON? 🤔 BREAKING: Ethereum ETF June launch ‘legit possibility’ as BlackRock files S-1 Ethereum BlackRock has updated its S-1 filing for its spot Ethereum ETF. Last week saw the approval of the 19b-4 filings, now we’re waiting on the S-1 filings - both need approval for the ETF to begin trading. Expect more S-1 amendments to roll in soon as other issuers follow. Interestingly, ETF analyst Eric Balchunas stated that “end of June launch a legit possibility”. Although he still believes they’ll likely go live after July 4th. EB tweet It’s important to note that this S-1 amendment isn’t the final version. It’s still missing crucial data such as the management fee. (likely to be revealed as late as possible) But it’s close to the final version… From this filing the ETF will trade under the ticker $ETHA. ETF analyst James Seyffart also commented on the filing: “This is almost certainly the engagement we were looking for on the S-1’s following the 19b-4 approvals. Issuers and SEC are working towards spot Ethereum ETF launches… I think it’ll be weeks personally. (We’re already one week in). The norm is months though.” James Seyffart The launch of the Ethereum ETFs is just around the corner. We’ll keep you posted on any further updates. 😎
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Bitcoin BONK BONK Richard NAAYFISH... Never lose sight of your Blessings ,
Bitcoin BONK BONK Richard NAAYFISH... Never lose sight of your Blessings
HOW HIGH WILL ETHEREUM GO? 🧠 Now that the Ethereum ETFs have been approved, there’s one question on everyone’s mind: Just how high will Ethereum go? Well, according to the work done by Julien Bittle, we have an answer. $20,000 per Ethereum, by the end of 2025. Jbittle1 Julien Bittle is the...
HOW HIGH WILL ETHEREUM GO? 🧠 Now that the Ethereum ETFs have been approved, there’s one question on everyone’s mind: Just how high will Ethereum go? Well, according to the work done by Julien Bittle, we have an answer. $20,000 per Ethereum, by the end of 2025. Jbittle1 Julien Bittle is the head of macro research at Global Macro Investor (GMI). Global Macro Investor is the research service founded by Raoul Pal. It has one of, if not the best track records of any financial research service in existence. Julien Bittle & Raoul Pal have decades worths of experience in financial markets & investing. And It’s all culminated into a thesis they’ve named: ‘The Everything Code’. This week, Julien & Raoul broke down ‘The Everything Code’ in a 2+ hour special. They revealed all the data & charts behind their conclusions. In a nutshell, ‘The Everything Code’ is a theory that ever since 2008, all asset prices are correlated to liquidity. We are in a repeating 4-year cycle, based around repayments on government debt. This 4-year cycle is the same as the 4-year Bitcoin halving cycle, the 4-year election cycle & the 4-year crypto cycle. Essentially, it suggests that if you are able to accurately forecast changes in liquidity, you will be able to forecast future asset prices. 🔮 (obviously ‘The Everything Code’ is much more nuanced & detailed than that. We’d strongly suggest you check out the full breakdown here.) So what does this mean for Ethereum? Well, because we’re in a repeating 4-year cycle, Julien observed something. We keep seeing repeats of price action over cycles. “Current cycles are repeats of prior cycles. Because of this debt maturity schedule and the rolling of the debt.” Julien Bittle This repeating price action, can be observed in Ethereum in 2 places: Ethereum’s current price action is playing out very similar to the 2020-2021 bull-run. eth12 It also very closely tracks the early price action of Bitcoin. eth22 Where does this suggest Ethereum will peak in this cycle? A $20,000 Ethereum, by the end of 2025. 🥂 “I think we could hit a $20,000 Ethereum this cycle, into the peak in 2025. It's possible, just based on repeats.” Julien Bittle However, a word of warning from Raoul: “It's possible just based on repeats. Now it may be different. It doesn't mean that we're saying: ‘Raoul and Julian think ETH goes to $20,000!’ We're saying: ‘Listen, just understand how this could play out.’” Raoul Pal Don’t take this projection to the bank. However, if cycles just play out the same as previous cycles… we’re looking at a $20,000 Ethereum. 🍾 P.S Previous cycles didn’t have an Ethereum ETF…
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THIS IS WHAT HAPPENS NEXT 📈 No one expected that the Ethereum ETFs were actually going to be approved. It caught everyone off guard. That’s the latest out from Matt Hougan. Matt Hougan Matt Hougan is the Chief Investment Officer at Bitwise, the 4th largest Bitcoin ETF issuer. Safe to say he...
THIS IS WHAT HAPPENS NEXT 📈 No one expected that the Ethereum ETFs were actually going to be approved. It caught everyone off guard. That’s the latest out from Matt Hougan. Matt Hougan Matt Hougan is the Chief Investment Officer at Bitwise, the 4th largest Bitcoin ETF issuer. Safe to say he knows a thing or two about crypto ETFs… However, in his latest interview, Matt explains that even Bitwise was caught off guard by the Ethereum ETF approval: “No one expected an approval a week ago. As issuers, we were not moving towards approval, we had effectively stopped work on developing materials around an Ethereum ETF because there had been no back and forth with the SEC.” Matt Hougan And just as ETF analyst James Seyffart noted, Matt also believes this approval was politically motivated. Recently, there’s been a complete attitude change in Washington: SAB121 reversal vote - democrats supported revoking SEC rule FIT21 passing congress - 70+ democrats voted in favour But what happens next? Well now we sit and wait for the S-1 approvals. Matt explains: “There’s another document called an S-1… The role of that document is to explain all the risks and disclosures around any investment. That still needs to be approved… That process can take weeks, it can take months, it doesn’t take days, it does take a little bit of back and forth. After [S-1 approval] happens you should see these ETFs launch either a day or two later.” Matt Hougan Expect to see S-1 amendments flowing through in the next couple of weeks. Matt also gave a prediction on the amount of inflows we can expect to see once the Ethereum ETFs launch: “I don't think Ethereum ETFs will match Bitcoin ETFs. Could we get $5 billion in inflows by the end of the year? I certainly think that’s possible. Could there be significantly more in future years? I definitely think that’s possible. Will it be enough to drive Ethereum to all time highs? I definitely think that’s possible as well.” Matt Hougan Bitcoin ETFs did ~$13.6 billion in their first 4 months. (keep in mind, this amount of inflows broke every single ETF record ever…) Matt predicts that the Ethereum ETFs will do less than half but more than a quarter of Bitcoin’s flows. And that’s against a market with no net new supply… (Ethereum’s burn mechanism makes it deflationary in the long-run) That’s a BIG deal. 😎
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9 days later..... 9 days later.....
ETHEREUM HODL WAVES 🌊 With all of the Ethereum talk lately… Why don’t we check in on ETH’s supply dynamics. To do that we’ll be taking a look at the classic HODL Waves metric. Each coloured band shows the percentage of ETH that last moved within that time period. As the colours get cooler,...
ETHEREUM HODL WAVES 🌊 With all of the Ethereum talk lately… Why don’t we check in on ETH’s supply dynamics. To do that we’ll be taking a look at the classic HODL Waves metric. Each coloured band shows the percentage of ETH that last moved within that time period. As the colours get cooler, the age bands get older (blue being the oldest, representing coins having last moved 7 - 10 years ago). This metric can also be used for short-term holders, but we’ll just be focusing on long-term holders today. onchain Here’s the breakdown: 6m - 12m: 14.30% 1y - 2y: 15.20% 2y - 3y: 16.89% 3y - 5y: 14.77% 5y - 7y: 10.78% 7y - 10y: 8.54% That means that ~80.48% of the Ethereum supply has NOT moved for over 6+ months. That’s an insane amount of the supply not moving. (even more than Bitcoin’s, percentage wise) That only leaves 19.52% of the supply in the hands of short-term holders. However, it does make sense that Ethereum has a larger percentage of its supply laying dormant. Remember, ETH HODLers are incentivised to lock up their holdings for staking. An advantage that ETH has over BTC. With the recent approval of the Ethereum ETFs, these supply dynamics are ridiculously good. You know what we’re about to say… It’s just simple economics: Increasing demand + decreasing supply = rocket fuel 🚀
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ETH ETHE IT’S TIME AI-NAAFYISH
ETHEREUM Destination Earth 😁 Nucleus JAM ON REVENGE $5000 TARGET 🎯
Approved and ready to trade,what do you think will be when the 8 ETFs open for trading maybe even Tues morning?Buy buy buy and we could see the start of crypto summer
ETH approved, so many wrong calls.....too many to count. NEXT!
Below are the approved 8 ETF's (corrected): 😁 - Grayscale Ethereum Trust - ?Bitwise Ethereum ETF - ?iShares Ethereum Trust (BlackRock) - ?VanEck Ethereum Trust - ?ARK 21Shares Ethereum ETF - ?Invesco Galaxy Ethereum ETF - ?Fidelity Ethereum Fund - ?Franklin Ethereum ETF $ETH.X
SEC approves Ethereum ETFs, aligning ETH closer to commodity in industry win Ethereum's commodity classification gains ground with SEC's landmark ETF approval, boosting investor interest. Liam 'Akiba' WrightMay. 23, 2024 at 10:09 pm UTC The US Securities and Exchange Commission (SEC) has approved...
SEC approves Ethereum ETFs, aligning ETH closer to commodity in industry win Ethereum's commodity classification gains ground with SEC's landmark ETF approval, boosting investor interest. Liam 'Akiba' WrightMay. 23, 2024 at 10:09 pm UTC The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry. The decision, announced today, allows asset managers such as Grayscale, Fidelity, and Bitwise to launch ETFs that directly track the price of Ethereum (ETH). Ethereum rose 2% on the news and was trading at $3,900 as of press time, based on CryptoSlate data. The approval follows a rigorous application process and extensive market analysis. Grayscale’s Chief Legal Officer, Craig Salm, previously highlighted that the SEC had already addressed key issues during the approval of spot Bitcoin ETFs, which are applicable to Ethereum ETFs as well. These issues include creation and redemption processes, cash versus in-kind transactions, and custody concerns. Salm emphasized that the SEC’s prior engagement with Bitcoin ETF issuers laid the groundwork for Ethereum ETFs, noting the strong correlation between ETH futures and spot prices as a compelling factor for approval. The SEC’s decision comes after a period of uncertainty and skepticism among market analysts. Bloomberg analyst Eric Balchunas had previously estimated a 25% chance of approval by May 23, citing the SEC’s lack of engagement compared to the Bitcoin ETF approval process. However, the approval of spot Bitcoin ETFs earlier this year, Hong Kong’s ETH ETF approval, and recent crypto wins in Congress had raised hopes among crypto proponents despite the SEC’s historically cautious stance under Gary Gensler’s leadership. The approval process included a public comment period, during which the SEC sought feedback on various aspects of the proposed ETFs, including custodianship of funds, creation, and redemption models, and sponsor fees. This phase mirrored the approach taken with spot Bitcoin ETF applications, encouraging feedback from US citizens and organizations. The approval of spot Ethereum ETFs is expected to have a significant impact on the digital assets market. Hong Fang, president of crypto exchange OKX, noted that while Ethereum’s price has risen this year, it has lagged behind Bitcoin’s gains, a disparity likely influenced by market anticipation of the SEC’s decision. The approval is anticipated to boost investor confidence and increase market liquidity. Several issuers filed applications to list their ETF on the NYSE Arca exchange, with Coinbase Custody serving as the custodian. Bitwise’s analysis demonstrated a strong correlation between the ETH spot market and the CME ETH futures market, a critical factor in meeting SEC requirements to monitor potential market manipulation. Despite the positive outcome, some industry insiders had expressed concerns about the SEC’s approach. Participants in recent meetings with the SEC described the talks as one-sided, with agency staff withholding substantive comments on the proposals. This contrasted with the detailed discussions that preceded the SEC’s approval of spot Bitcoin ETFs. The approval also comes amid ongoing regulatory scrutiny of Ethereum’s classification as either a security or a commodity. Reports suggest that the SEC is investigating Ethereum’s regulatory classification, which added uncertainty to the approval prospects. However, today’s decision indicates a favorable stance towards Ethereum-based financial products and a potential indication that Ethereum can be considered a commodity. The approval is a landmark event for the crypto industry, reflecting the growing interest in crypto-asset financial products among traditional investment firms. As the market reacts to this development, stakeholders will closely monitor the performance and impact of these newly approved ETFs. Ethereum Market Data At the time of press 10:20 pm UTC on May. 23, 2024, Ethereum is ranked #2 by market cap and the price is up 2.97% over the past 24 hours. Ethereum has a market capitalization of $461.12 billion with a 24-hour trading volume of $41.29 billion. Learn more about Ethereum › Crypto Market Summary At the time of press 10:20 pm UTC on May. 23, 2024, the total crypto market is valued at at $2.53 trillion with a 24-hour volume of $132.2 billion. Bitcoin dominance is currently at 52.57%. Learn more about the crypto market › Mentioned in this article Editor Editor Assad Jafri Editor & Reporter at CryptoSlate AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting. Latest Alpha Market Report
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3 sessions earlier ; * Locate this line in top chart.....(and you'll see that it's THE SHORTEST of the 3 lines) So it just happened that we were well-ahead of that move (news / rumouir) with our pencil / crayon ! Within 48 hours it hit 3,800
🥳WEEEEEEEEEEEEEEEE🌪️🌪️🌪️🌪️🌪️🌪️🌪️🌪️
ETHEREUM ETF ON ITS WAY🚨 BREAKING: Bloomberg analysts revise ETH ETF approval odds to 75% amid rumours of SEC flip Ethereum Well well well…. We told you to have faith. The Bloomberg analysts have now increased their odds of an Ethereum ETF approval from 25% to 75%. 🚀 Sources have...
ETHEREUM ETF ON ITS WAY🚨 BREAKING: Bloomberg analysts revise ETH ETF approval odds to 75% amid rumours of SEC flip Ethereum Well well well…. We told you to have faith. The Bloomberg analysts have now increased their odds of an Ethereum ETF approval from 25% to 75%. 🚀 Sources have explained that the SEC has now asked ETF applicants to update their 19b-4 filings. EB tweet The main reason the Bloomberg ETF analysts initially had low odds of an Ethereum ETF approval was the lack of engagement from the SEC. Today, that changed. Here’s how Nate Geraci, president of ETFStore, now predicts things will play out: SEC will approve the 19b-4s - this is the filing necessary to introduce a new product SEC will then “slow play” the S-1s - this is the filing necessary for the new product to officially begin trading It’s not known how long the SEC could wait to finally approve these S-1 filings. But, ETF analyst James Seyffart had this to say: “We also need S-1 approvals. It could be weeks to months before we see S-1 approvals and thus a live Eth ETF… That said, if we're correct and we see these theoretical approvals later this week. It should mean that S-1 approvals are a matter of 'When' not 'If'“ James Seyffart However, this delay may end up being beneficial for Ethereum in the long-run. As we discussed a while ago, institutional investors are still digesting the Bitcoin ETFs. Adding in Ethereum a couple months after the Bitcoin ETFs would just complicate the conversations. As this news broke out, the price of ETH rocketed up 18.5% to ~$3,650. 🚀 ETH price ETH boomed off the back of this news Here’s a breakdown of all issuers currently in the Ethereum ETF race: VanEck’s final decision deadline is the first to come up. All eyes are now on May 23rd… Under 48 hours to go. We’re now extremely confident we’ll see an approval on this date. “Don’t get distracted, fun times are ahead…”
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