This week, the crypto industry saw the launch of spot Ethereum ETFs, a big step for the market. Nine companies, including Franklin Templeton and VanEck, got the green light from the SEC to introduce these ETFs.

Crypto prices are bouncing back after two rough days. Bitcoin climbed over 5%, hitting $68,151, and Ethereum rose 3% to $3,270 at press time.

The total stablecoin supply has increased to around $170 billion, with USDT and USDC remaining dominant.

Grayscale's Ethereum Trust ETF witnessed a massive outflow of $113.3 million on its second trading day, raising eyebrows across the cryptocurrency market. This significant withdrawal comes amid a backdrop of fluctuating investor confidence and market volatility, casting a shadow over Ethereum's prospects.

Cryptocurrency markets are trading higher as the Bitcoin Conference awaits Donald Trump‘s keynote speech on Saturday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,835 +5% Ethereum (CRYPTO: ETH) $3,265 +5.2% Solana (CRYPTO: SOL) $182.9 +8.5% Dogecoin (CRYPTO: DOGE) $0.1336 +10.5% Shiba Inu (CRYPTO: SHIB) $0.00001689 +6% Notable Statistics: IntoTheBlock data shows a marginal increase in transactions greater than $100,000 from 7,583 to 7,838.

The cryptocurrency market is currently experiencing significant pressure, with Bitcoin (BTC) and Ethereum (ETH) leading the decline. This comes amid a broader sell-off in global equity markets, highlighting the interconnectedness between traditional financial markets and digital assets.

Swiss-based Laser Digital, the digital asset subsidiary of Japanese investment bank Nomura, is reportedly planning to introduce an alternative to spot ETH ETFs.

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Nine spot Ethereum ETFs started trading on U.S. exchanges Tuesday, marking another milestone in the digital assets market. These ETFs, now available on Cboe, NYSE Arca, and Nasdaq, were introduced by major financial firms, including BlackRock, Fidelity, and Grayscale.

The crypto market saw significant developments this week with the launch of spot Ethereum exchange-traded funds (ETFs) in the US and the highly anticipated Bitcoin 2024 Conference.

The start of US spot Ethereum exchange traded funds has been quite strange. After the SEC approval, 8 out of 9 ETFs began trading on Tuesday. While one ETF saw heavy inflows, Grayscale's converted fund, ETHE, experienced significant outflows. Let's find out why Grayscale, a management firm, is facing such outflows.

After 6.6 years, the Ethereum Foundation wallet activates, sparking speculation on the Foundation's strategy amid minimal recent sales.

Stay updated with the latest crypto events: Bitcoin 2024 conference boosts BTC, Ethereum sees a rise in active addresses, and Ferrari introduces crypto payments. Discover the potential growth of Bitcoin and Ethereum.

Crypto trader and analyst CrediBULL Crypto predicts a possible downturn for Ethereum (CRYPTO: ETH), while Bitcoin (CRYPTO: BTC) demonstrates strength. What Happened: CrediBULL Crypto noted that Ethereum is halfway to its downside target, while Bitcoin is showing obvious strength against the altcoin.

Here's why ETH correlation to BTC post-ETF pattern in Q1 is raising a 90% rally speculation.

Bitcoin's recovery from the $63,500 level is encouraging, but higher levels may face solid resistance from the bears.

Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news' event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from here, according to an analysis from Matrixport.

If Ethereum ETFs can't get traction, altcoins won't either.

Investor enthusiasm for new Ethereum ETFs has quickly waned, with massive outflows and volatile trading dominating the early days.

The asset manager is considering expanding tokenized securities to Ethereum mainnet and other EVMs, its digital assets head told Cointelegraph.

Bitcoin scaling protocol QED on Friday proposed a major upgrade for Dogecoin. This change could transform the memecoin network into a high-speed platform capable of running complex decentralized apps, similar to Ethereum or Solana.

Only the Grayscale Ethereum Trust (ETHE) saw a net outflow of $346.22 million. The total daily trading volume of the spot ether funds was around $860.8 million.

Eric Balchunas, senior ETF analyst at Bloomberg, has some good news for market participants who are disappointed by the seemingly underwhelming performance of Ethereum ETFs.

Ethereum price showed a slight increase in the past day after recent dips. The token's daily trading volume declined by 8.49% according to CMC data.

Arbitrum's Decentralized Autonomous Organization (DAO) is reviewing a proposal to expand the network's Orbit Chain to other blockchains beyond Ethereum. Expansion program In January, the Arbitrum Foundation introduced the Arbitrum Expansion program to extend its Orbit Chain to other Ethereum-based chains.

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Raoul Paul, the CEO of Real Vision and a prominent financial analyst, has recently disclosed his investment strategy reflecting a drastic shift. Pal has shifted from Bitcoin and other Altcoins, relocating a staggering 90% of his liquid assets into Solana.

There have been multiple major developments since the start of 2024 for the crypto markets, with digital assets seemingly advancing on all fronts.

Shiba Inu price tumbled toward $0.000016 on July 26, 2024, amid as Trump's Bitcoin Conference switch draw large investors attention away from memecoins.

Nomura's Laser Digital is launching an Ether ETF with staking.

According to on-chain data sources, an Ethereum Foundation-linked wallet has come back to life after 6.6 years of dormancy.

On Thursday, U.S. spot ethereum exchange-traded funds (ETFs) experienced another day of net outflows following Grayscale's Ethereum Trust (ETHE) outpacing gains observed by other funds. According to sosovalue.xyz, the nine ETFs saw $152.3 million exit during Thursday's trading sessions.

The Spot Ethereum ETFs haven't exactly gotten off to the perfect start, with these funds experiencing mixed flows in their first three days of trading. Crypto research firm 10x Research has provided some answers as to why institutional investors aren't so enthusiastic about these funds.

Institutional interest in Ethereum surges, but initial ETF outflows and broader market volatility suggest cautious optimism for long-term adoption. The post Ethereum sees yearly high in institutional activity following ETF launch appeared first on Crypto Briefing.

In what seems to have been an eventful week for the industry, the total cryptocurrency market capitalization has remained largely unchanged.

Toyota, the largest automotive company in the world, plans to integrate Ethereum blockchain technology into the future development of its vehicles. The goal of the Japanese multinational is to provide a blockchain account for every car it produces, in line with the concept of mobility 3.0.

Wall Street now has a banner from one of nine new spot Ethereum ETFs hanging over it.

After 10 years of waiting, creditors of defunct bitcoin (BTC) exchange Mt Gox are finally receiving their rightful repayments. It's a much-deserved moment for these out-of-pocket creditors who have had some $8 billion of bitcoin tied up in the Mt Gox bankruptcy estate.

Bitwise's move to promote their Ethereum ETF with a banner on the NYSE is not just a marketing tactic but a declaration of confidence in the future of ETH.

Ethereum (ETH) is down by 8% on the daily and weekly charts, after the Ethereum Spot ETF failed to push up the price, though this is likely to change shortly.

Until ETHE's net outflows subside, it is likely to continue exerting sell pressure on the price of ether, analysts said.

Bitcoin (CRYPTO: BTC) has rebounded back above $67,000 thanks to Bitcoin ETFs gaining traction while Ethereum ETFs face headwinds. What Happened: Data from July 25 reveals a net outflow of $152 million from Ethereum spot ETFs, highlighting a growing investor apathy towards the world's second-largest cryptocurrency.

A leak has revealed pro-bitcoin Republican senator Cynthia Lummis is drafting legislation that would require the U.S.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Shiba Inu. Ethereum (ETH) Despite the fact that several Ethereum ETFs went live this week, the price had a different take on this historic event.

TL;DR Arbitrum's Expansion Proposal: The Arbitrum Foundation is considering extending its Orbit chains beyond Ethereum. The proposal is undergoing an initial “temperature check” vote on Snapshot, with results expected by August 1, 2024. Going Beyond Ethereum: If approved, new Orbit chains could launch on diverse networks like Bitcoin, Binance Smart Chain, and Cosmos.

Topping the inflows, BlackRock's ETHA raked in $70.93 million on Thursday.

Ethereum just saw the launch of its U.S. spot ETFs exactly ten years after its first ICO. This new ETF is a big deal for Proof-of-Stake blockchains, making them more accessible to mainstream investors and bringing more developers.

The market is again facing a bounce back, according to CoinMarketCap.