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Investment management firm VanEck announced plans to close its Ethereum futures ETF after a thorough evaluation. The Board of Trustees at VanEck ETF Trust made the decision on Thursday.
Ethereum-based ETFs have consistently underperformed, in contrast to their Bitcoin (BTC) counterparts.
VanEck to Terminate Ethereum Futures ETF
VanEck will shut down its Ethereum Strategy ETF, which...
Binance Coin (BNB) has dropped below $500 again, despite multiple attempts to stay above this level. This decline has caused traders and the broader crypto market, which has been in a state of extreme fear, to become increasingly bearish on the coin.
As of this writing, BNB trades at $494. This analysis explains what the participants think of the cryptocurrency’s short-term potential and...
Crypto trading is quite difficult for newbies or investors to get into it without any third-party dealer. Making sense of charts and tracking the waves of market fluctuations to make timely decisions is too time-consuming and exhausting.
However, in this article, let’s talk about a trading bot called AlgosOne. It provides options to automate your trading with an AI trading bot that automates...
NFT marketplace Magic Eden sparked controversy on Friday after deciding to split its domains between the US and other global regions. This move has raised concerns among US users about how these changes might affect them.
Meanwhile, the NFT sector continues to struggle, with failure rates on the rise. A recent report revealed that 96% of NFT projects have failed, highlighting the challenges...
US Bitcoin exchange-traded funds (ETFs) have recorded net outflows for eight days in a row, resulting in a loss exceeding $1 billion from August 27 to September 6.
This outflow trend has also contributed to bringing the total net assets of Bitcoin ETFs to under $50 billion.
Why Bitcoin ETFs Are Experiencing Heavy Outflows
Data from SoSoValue shows that Bitcoin ETFs have experienced...
In the first week of September, a noticeable decline in trading activity has taken hold, with many market participants opting to stay on the sidelines. This is reflected in a 5% drop in global cryptocurrency market capitalization over the past week.
Meanwhile, large investors, known as crypto whales, are capitalizing on the market dip. This week, they’ve been acquiring altcoins such as Polygon...
Early Friday morning saw the movement of some previously dormant Cardano (ADA) coins. This was accompanied by a spike in the coin’s daily active addresses, signaling an uptick in trading activity.
However, ADA’s muted price reaction in the past 24 hours suggests that the coin movement may not be for bullish purposes.
ADA Tokens on the Move
Santiment’s data shows that ADA’s age consumed...
Solana (SOL) has presented a buying opportunity for those looking to trade against the market trend.
However, its technical setup suggests that any coin acquired at current prices might suffer a brief devaluation. This is because SOL bears do not appear ready to relinquish control.
SOL’s Buy Signal, But There Is a Catch
The Tom DeMark Sequential indicator on the daily chart reveals a...
The Donald Trump family reportedly stands to earn about $540 million from a decentralized finance (DeFi) project named World Liberty Financial (WLFI). As the US election approaches, this blend of financial innovation and political involvement draws critical attention.
While the Trump family has revealed very few details about the project, speculations are rife.
Will the Trump Family Dump 30...
Markets anticipate a 50 basis point (bp) rate cut in September amid deteriorating US Job data. According to the US Non-farm Payrolls (NFP) data released on Friday, the US economy added 142,000 jobs in August, below the expected 164,000.
Due to this anticipation, Bitcoin shot up over 2% within 30 minutes.
Bitcoin Approaches $57,000
At the time of writing, Bitcoin (BTC) is trading for $56,...