Ethereum (ETH) products saw a significant turnaround this week, with $9.5 million in inflows, reversing its recent streak of outflows and surging ahead of Solana (SOL) in the race for institutional investment. According to a report from Coin Shares on crypto fund flows, Ethereum's momentum gained ground amidst macroeconomic uncertainty, largely driven by the ongoing political events surrounding the U.S. Presidential elections.

One market analyst said there's “no reversal in sight” for Ethereum's value against Bitcoin.

Leading cryptocurrencies jumped as polls began to close in the high-stakes presidential election between Donald Trump and Kamala Harris. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.

If Ethereum continues mimicking S&P 500, $10K price remains a strong long-term possibility.

The cryptocurrency market witnessed a sudden surge in buying pressure during the United States presidential election on Tuesday. The pioneer digital currency, Bitcoin, teased a bullish breakout of the $70,000 barrier, uplifting the recovery momentum in the altcoin market.

Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.

Despite Michigan pension fund's new move, the total cumulative flows into ETH ETFs continue to remain negative.

Ethereum (ETH) price is showing signs of weakening strength as polls open across most of the US.

Following the breakdown, the price has once again moved back within the bullish pattern and is poised for an upside rally.

Michigan's move to increase Ethereum investments comes amid a wave of crypto interest among U.S. state pension funds.

Cryptocurrency markets are trading higher as markets predict a Trump win, boosting sentiment.

This metric serves as an indicator of relative market sentiment and capital flows between crypto's two largest assets.

ETH/BTC decline hits over three-year low at 0.03508, reflecting Ethereum's underperformance and potential further downside in Q4 2024. The post ETH/BTC hits lowest point in over 3 years, sliding to 0.03508 appeared first on Crypto Briefing.

The State of Michigan Retirement System has disclosed a new holding in Grayscale's Ethereum exchange-traded fund, becoming the first public pension fund to do so since the ETH-based product commenced trading on U.S. exchanges in July.

Bitcoin's resilience may keep crypto unaffected by the 2024 US election. Economic trends, and not political shifts, drive crypto growth and long-term value.

In the last few hours, an enormous sum in Ethers (ETH) was moved to derivatives exchanges. Typically, this is a signal of a downturn, or, at least, increased volatility, CryptoQuant's verified author says.

Ethereum (ETH) has established a relationship with the S&P 500 index, a correlation that points to a record-high price target for the second-ranked cryptocurrency by market capitalization.

Ethereum faces selling pressure from whales amid election-related uncertainty. Institutional demand for Ethereum ETFs remains weak, impacting price recovery.

TL;DR P2P.org launched the “Operator Allocation Share” program in EigenLayer, allowing its delegators to claim part of a total reward of 828.08 ETH. The platform developed a “Risk Engine” and a rewards management tool to improve security and accessibility in EigenLayer. P2P.

Key Points:

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds (ETFs) experienced substantial net outflows on Nov. 4, with the former seeing a record $541 million outflow, marking the second-largest single-day outflow in history. The only higher single-day outflow was recorded on May 2, when $563 million exited Bitcoin ETFs.

The price of Ethereum (ETH) has fallen below the key support line below the moving averages. Buyers have failed to sustain their bullish momentum above the overhead resistance of $2,800.

Right now, as the US election unfolds, it's creating volatility for Bitcoin. Recent events show that the Bitcoin ETFs had one of their worst days in history, with a $541 million outflow just yesterday. This outflow created sell pressure, which caused a short-term dip in Bitcoin's price.

Sui (SUI) is making waves, pulling in a net flow of $24.3 million and outshining giants like Ethereum (ETH), which only pulled in $9 million, according to Mysten Labs' co-founder Adeniyi Aboidun. But here's the kicker - both Sui and Ethereum are currently stuck in a consolidation rut, leaving investors scanning the horizon for fresh, high-growth opportunities.

A crypto co-founder was robbed in Bangkok while traveling there to attend the 2024 Ethereum Devcon conference. Haichao Zhu, co-founder of Bitcoin application Rooch Network, urged Ethereum Devcon attendees to exercise caution in a Nov.

Rooch Network co-founder Haichao Zhu was robbed at knifepoint in Bangkok shortly after arriving for Ethereum's Devcon conference, highlighting safety concerns for attendees and urging caution while navigating the city, especially at night. The post Ethereum Devcon Attendee Falls Victim to Violent Robbery in Bangkok appeared first on Cryptonews.

The state's pension fund has decided to invest in something called an Ether ETF (Exchange-Traded Fund). In simple terms, an ETF lets people invest in assets, like stocks or cryptocurrency, without having to buy them directly.

The Michigan state's retirement system strengthens its position in the crypto market. After its initial investment in Bitcoin ETFs, the fund is now adding significant exposure to Ethereum ETFs, demonstrating a growing confidence in digital assets.

The State of Michigan Retirement System, which manages $13.6 billion in pension assets, has begun diversifying its cryptocurrency investments. The post Michigan Pension Fund Diversifies Crypto Holdings, Buys $10M in Ether ETFs appeared first on Cryptonews.

Bitcoin (BTC) is down just over 1% in the past 24 hours, declining after briefly flirting with the $70,000 mark. The current week is crucial in dictating market dynamics, with the US elections and Fed meeting set to commence.

A popular on-chain strategist says Ethereum (ETH) is showing a great risk-reward ratio setup. Analyst Ali Martinez tells his 76,900 followers on the social media platform X that ETH appears to be forming a bullish ascending channel on the weekly timeframe.

As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.

A knife-point robbery of a crypto executive in Bangkok, occurring days before Ethereum's Devcon conference, adds to a pattern of attacks on crypto event attendees worldwide, while UN reports warn of rising crypto-related crimes in Southeast Asia.

The Michigan State Pension Fund has invested $10 million in Ethereum ETFs, becoming the first U.S. state pension fund to do so while demonstrating growing institutional acceptance of digital assets beyond Bitcoin.

Ethereum's influence on finance and tech may still be a mystery to many on Wall Street, but some analysts believe it's primed for a breakthrough. Leena ElDeeb, an analyst at crypto asset manager 21Shares, believes people should see Ethereum as Amazon did in 1990.

On Monday, the State of Michigan revealed substantial investments in cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the US Securities and Exchange Commission (SEC).

Solana's ecosystem is fast emerging as a low-cost, high-speed alternative in the blockchain landscape.

Recent violent attacks on crypto event attendees raise safety concerns, with a project co-founder recently robbed at knifepoint in Bangkok.

Digital asset investment funds recorded massive inflows, with altcoins like Ethereum (ETH) and Solana (SOL) gaining ground. Institutional flows have picked upwards due to macro factors shaped by the upcoming U.S. Presidential elections.

Ethereum price is up 1.22% on Tuesday, November 5, but will it continue to bounce here or crash lower? The upcoming US elections will play a pivotal role in adding volatility to the markets, but the short-term outlook remains uncertain.

Gemini has ramped up altcoin accumulation lately.

What was the main investor strategy during the last full trading day before the US presidential elections?

The State of Michigan Retirement System (SMRS) has set a new precedent as the first US state pension fund to invest in an Ethereum ETF.

Michigan State acquired shares from two Ethereum ETFs offered by Grayscale to become the first recorded State Pension Fund Ethereum ETFs purchase. The State of Michigan became a top five holder of Grayscale's spot Ethereum according to a US Securities and Exchange Commission (SEC) filing.

Crypto prices today have set off waves of concerns among market participants globally. Bitcoin (BTC) price waned to the $68K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices witnessed a falling action.

Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance.

In a strategic expansion into crypto, Michigans state pension fund acquired $11 million in Ethereum via ETH ETFs, positioning itself among Grayscales largest Ethereum ETF shareholders and underscoring its confidence in digital assets. Michigans Bold Move into Ethereum ETFs Marks Crypto Milestone X contributor Matthew Sigel said in an X post that Michigan spent $10 million on Ethereum via the ETH ETFs.