- ETH ETF and Current Market Trends
- Nasdaq Proposal Withdrawal and Trump’s Crypto Holdings
- BlackRock and Grayscale Positions
Recently, the Ethereum ETF market has experienced significant changes influenced by institutional players and major private investors like Donald Trump.
ETH ETF and Current Market Trends
On Friday, Ethereum (ETH) saw a 2% increase despite significant outflows from ETH ETFs. Following a three-day inflow streak, ETH ETFs recorded more than $39 million in outflows, with Grayscale’s ETHE experiencing the bulk of the $42.5 million exodus.
Nasdaq Proposal Withdrawal and Trump’s Crypto Holdings
On August 13, Nasdaq ISE, LLC withdrew its proposal for Ethereum ETF options. On-chain data analysis reveals that Donald Trump holds over $2 million in Ethereum and Wrapped Ethereum, possibly from the sale of his NFT collection. Trump’s remarks had previously triggered a significant value surge for an Ethereum memecoin.
BlackRock and Grayscale Positions
According to Arkham Intelligence, BlackRock’s on-chain holdings in its Bitcoin and Ethereum ETFs (IBIT and ETHA) have currently surpassed those of Grayscale (GBTC, BTC Mini, ETHE, and ETH Mini), marking a significant shift in ETF holdings.
The extensive investments by figures like Donald Trump and the shifts in positions of major institutional players continue to impact the Ethereum ETF market, complicating predictions about future price movements.
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