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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A Potential Ether ETF Approval The momentum for regulatory clarity gained traction after Bloomberg’s announcement that U.S. Securities regulators are on the brink of greenlighting ETH futures ETFs for trading. Several firms vying to list these exchange-traded funds are awaiting the U.S. Securities and Exchange Commission’s (SEC) nod. This potential green signal, as per Bloomberg, could be imminent. In recent times, Ethereum’s price has demonstrated a level of stability akin to Bitcoin, a trend often foreshadowing upcoming price shifts. advertisement However, the recent market volatility resulted in Ethereum’s price plummeting after breaching the critical $1,800 support zone. As bearish momentum pushed it below the $1,720 and even $1,600 thresholds, the cryptocurrency is now trading at $1,683.96, which is well above the recovery wave marked at the $1,600 level. The coin is down by more than 8% in the last 24 hours. Amid this price turmoil,...

Institutional Investors Prefer Investing in Ethereum Than Bitcoin The narrative regarding Ethereum overtaking Bitcoin continues to rise after Ethereum Merge and Shanghai upgrade. Traders anticipate smaller swings in Ethereum than Bitcoin in the near term. advertisement Ethereum’s 30-day volatility index now trails more than Bitcoin volatility index. Moreover, the 180-day realized or historical volatility of Ether relative to Bitcoin has decreased immensely since 2020, according to Bloomberg. Ethereum & Bitcoin 180-Day Volatility. Source: Bloomberg This makes institutional investors more interested in investing in ETH than BTC as lower volatility typically enables institutional investors to allocate more capital to crypto. Long-term investors are more likely to increase exposure to Ethereum. Bitcoin and Ether implied volatility indexes are based on options pricing. Both indexes fell from recent peaks in March but the Ethereum index dropped mor...

The decline in exchange supply, especially just weeks before the Shanghai upgrade, is being seen as a bullish sign. Ether (ETH), the second-largest cryptocurrency by market capitalization, has seen a constant decline in the exchange supply over the past six months post-Merge. Ethereum network went under a major network upgrade in September last year, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) network and the event was called the Merge. According to on-chain data shared by the crypto analytic group Santiment, the amount of available ETH sitting on exchange s continues to fall. Since the Merge, there is 37% fewer ETH on exchange s. A constant decline in supply on exchange s is considered a bullish sign as there is less ETH available to trade or sell. There were a total of 19.12 million ETH worth $31.3 billion on exchange s in September before the Merge. The number has now declined to 13.36 million ETH worth $19.7 billion in the second week of February. Ethereum supply...