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news-imageNovember 5, 2024

Michigan State Pension Fund Allocates $10M to Ethereum Trust Holdings

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.
Publisher: Blockonomi
Sentiment: Positive
ETH

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Neutral
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November 5, 2024

Is it Time for Ethereum Price to Bounce Again?

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.

Positive
cover-imageCryptopolitan
November 5, 2024

Michigan State pension fund accumulates Grayscale's ETH ETFs

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.

Positive
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November 5, 2024

Michigan Pension Fund Leads in Ethereum ETF Holdings With New $11M Investment

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.

Negative
cover-imageBenzinga
November 4, 2024

Bitcoin, Ethereum Wobble As Election Results Loom, But Dogecoin Surges: Expect 'Brutal' Price Action In The Next 48 Hours, Trader Warns

Cryptocurrency markets are trading lower on the day before the presidential election. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,873.44 -1.1% Ethereum (CRYPTO: ETH) $2,429.33 -0.8% Solana (CRYPTO: SOL) $159.90 -0.6% Dogecoin (CRYPTO: DOGE) $0.1596 +7.5% Shiba Inu (CRYPTO: SHIB) $0.00001691 -1.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 7.7% and daily active addresses falling by 8.4%.

Negative
cover-imageCoingape
November 4, 2024

Is Ethereum Price a VC Pump and Dump?

Ethereum (ETH) price has experienced a period of consolidation after recent gains, with a decline pushing it below the $2,550 support level. While ETH faces resistance of nearly $2,500, it holds the potential for recovery if it clears this key barrier.

Positive
cover-imageThe Cryptonomist
November 4, 2024

The 79.92% of Ethereum addresses is currently in profit: a positive signal for investors

Ethereum (ETH), the second-largest crypto by market capitalization after Bitcoin, continues to generate significant interest among investors and analysts, especially in light of recent news about its profitability and profit. According to an analysis conducted by the CryptoQuant analyst known as Baykuş, a surprising 79.92% of Ethereum addresses are currently in profit.

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