Latest news with #ETHE
Yahoo
02-06-2025
- Business
- Yahoo
Ethereum Classic Price Prediction - What could affect ETC''s future price?
Ethereum Classic's price faces mixed signals from technicals and network upgrades, with bullish catalysts like EIP-1559 adoption and bearish risks from miner dynamics. Neutral in the short term, bullish long term. - Olympia Upgrade (May 2025) introduced fee burning and DAO governance, adding deflationary pressure. - Technical breakout above $19.65 support could signal a bullish trend reversal. - Mining shifts post-Ethereum's PoS transition strengthen ETC's security but hinge on profitability. The Olympia Upgrade (May 2025) introduced EIP-1559, burning a portion of transaction fees to reduce ETC's supply growth. Combined with the launch of a decentralized treasury and governance DAO, this aims to attract developers and stabilize long-term funding. Historical parallels (e.g., Ethereum's EIP-1559 in 2021) suggest such upgrades can boost sentiment, though short-term price reactions may lag adoption. ETC's position as the largest PoW smart contracts blockchain post-Ethereum's Merge (2022) attracts miners, but competition from Bitcoin, Dogecoin, and Litecoin pressures its hash rate dominance. The recent altcoin season (May 2025) driven by Ethereum's rally has lifted ETC's monthly gains to 23.84%, though Bitcoin's 63.7% market dominance still limits upside. Key levels: Immediate support at $16.76 (78.6% Fibonacci retracement), resistance at $19.70 (23.6%). Indicators: RSI at 41.84 (neutral), MACD histogram negative but narrowing, suggesting weakening bearish momentum. Bull case: A sustained break above the 50-day SMA ($17.47) could retest $24–$28, aligning with analysts' 510% surge targets. ETC's price hinges on the Olympia Upgrade's adoption, Bitcoin's market dominance trends, and mining economics. While technicals hint at consolidation, network upgrades and deflationary mechanics could drive long-term revaluation. Will ETC's emphasis on immutability outweigh scalability concerns in a PoS-dominated market? Ethereum Classic (ETC) is drawing mixed but cautiously optimistic sentiment, with bullish technical forecasts and network upgrades offset by concerns over miner centralization and ETF outflows. - Bullish momentum from May's Olympia Upgrade (EIP-1559, DAO governance) and a technical breakout targeting $127.65. - Miner interest surges post-Ethereum's Merge, but profitability challenges persist. - ETF outflows ($12M from Grayscale's ETHE) signal institutional caution despite retail enthusiasm. The community is divided:- Optimists highlight ETC's May 2025 Olympia Upgrade, which introduced fee burning (deflationary pressure) and decentralized governance via a DAO. Technical analysts like Javon Marks point to a multi-year breakout pattern with a $127.65 target (+510%), supported by the 150-day EMA holding at $19.65 as new support.- Skeptics note overbought RSI/MACD signals and a Fear & Greed Index at 70 (extreme greed), suggesting short-term correction risks. Grayscale's ETHE trust saw $12M outflows on May 1, reflecting institutional hesitancy. Proof-of-Work Revival: ETC has absorbed Ethereum's former miners post-Merge, but rising network difficulty and energy costs threaten small-scale operations. Altcoin Season Linkage: Ethereum's May rally boosted ETC (+23% monthly), though Bitcoin dominance (63.7%) limits sustained altcoin momentum. Regulatory Risks: As a PoW chain, ETC faces scrutiny over energy use, contrasting with Ethereum's staking-driven model. Twitter/X: Traders focus on the $19.50–$19.65 support zone and $24–$28 near-term targets. Telegram/Discord: Developers debate DAO governance efficacy and treasury fund allocation transparency. Reddit: Retail investors question long-term viability against Ethereum's ecosystem dominance. ETC's narrative hinges on balancing technical upgrades with macroeconomic and miner dynamics. While the Olympia DAO and deflationary mechanics attract builders, Bitcoin's market dominance and regulatory headwinds for PoW chains pose hurdles. What catalyst could shift ETC from a "miner's hedge" to a sustainable smart-contract platform? To get the latest update on BONK, visit our Ethereum Classic currency page. Content created: 02 June 2025Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
5 ETFs to Ride the Bullish Wave of Ethereum's Pectra Upgrade
Ethereum, the world's second-largest cryptocurrency, surged more than 40% in just one week after the successful rollout of its much-anticipated 'Pectra' network upgrade. Ethereum spiked 20% alone last Thursday, marking the biggest one-day gain in four years. The crypto is currently trading around $2,600, marking its highest level since early 2024. This surge has reignited interest in the broader crypto market. Investors seeking to participate in the Ethereum rally can consider any of the popular ETFs — iShares Ethereum Trust ETF ETHA, Grayscale Ethereum Trust ETF ETHE, Grayscale Ethereum Mini Trust ETF ETH, Fidelity Ethereum Fund ETF FETH and Bitwise Ethereum ETF ETHW. The Ethereum upgrade, Pectra, which went live last Wednesday, marks a major milestone and brings improvements to user experience, layer 2 blockchains and validators. The upgrade introduces a suite of enhancements aimed at tackling persistent challenges in the Ethereum ecosystem, including high transaction fees, usability issues, and scalability constraints. It thus enhances Ethereum's scalability and reduces transaction costs. The easing of trade tensions has sparked optimism in Ethereum. The United States and the United Kingdom reached a deal last week, while China and the United States also agreed on a temporary deal for 90 days (read: 5 Top-Ranked ETFs That Have Outperformed S&P 500 Since April Low). Institutional interest has increased, with significant purchases from large investors indicating growing confidence in Ethereum's value. Let us delve into the abovementioned ETFs in detail:iShares Ethereum Trust ETF (ETHA)iShares Ethereum Trust ETF seeks to generally reflect the performance of the price of ether. It is managed by the world's largest asset manager and leverages a multi-year technology integration developed with Coinbase Prime, the world's largest institutional digital asset custodian. ETHA has AUM of $2.2 billion and trades in an average daily volume of 12.6 million shares. It charges 25 bps in annual Ethereum Trust ETF (ETHE)Grayscale Ethereum Trust ETF seeks to reflect the value of Ether held by the Trust. It is the first spot Ether exchange-traded product to commence trading in the United States. ETHE has an expense ratio of 2.50%. It has gathered $2 billion in its asset base and trades in an average daily volume of 5 million shares. Grayscale Ethereum Mini Trust ETF (ETH)With AUM of $866.7 million, Grayscale Ethereum Mini Trust ETF seeks to reflect the value of Ether held by the Trust. It is the lowest-cost Ether ETF in the United States, charging investors 15 bps in annual fees. ETH has amassed $866.7 million in its asset base and trades in an average daily volume of 2 million shares (read: all the Digital Economy ETFs here).Fidelity Ethereum Fund ETF (FETH)Fidelity Ethereum Fund ETF tracks the Fidelity Ethereum Reference Rate, which is constructed using ether price feeds from eligible ether spot markets and a volume-weighted median price methodology. It has accumulated $743.4 million and charges 25 bps in annual fees. Bitwise Ethereum ETF (ETHW)Bitwise Ethereum ETF seeks to provide exposure to the value of Ether. It has amassed $193.7 million and charges 20 bps in annual fees. ETHW trades in an average daily volume of 346,000 shares. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-04-2025
- Business
- Yahoo
Grayscale Seeks SEC Approval for Ethereum Staking
Grayscale Investments, which manages the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH), has formally approached the Securities and Exchange Commission to allow Ethereum staking capabilities in its exchange-traded products, according to documents submitted to the regulator in April. The asset manager, whose ETHE and ETH represent nearly 50% of all Ethereum assets in U.S. ETPs, argues that current restrictions put American investors at a disadvantage compared to international markets where staking is permitted. Staking is a function of the Ethereum protocol that allows holders to participate in validating transactions on the network. In its presentation to the SEC's Crypto Task Force, Grayscale outlined how U.S. Ethereum ETPs have foregone approximately $61 million in potential staking rewards since their launch through February 2025. If the prohibition continues, Grayscale projects ETPs could miss out on $5.5 billion in staking benefits over the next decade when factoring in daily compounding. At the heart of Grayscale's proposal is addressing a key technical challenge: the time mismatch between ETF redemptions and Ethereum's unstaking process. While ETF share redemptions typically settle in one business day, unstaking Ethereum can take approximately 10 days under normal conditions. This creates a potential liquidity hurdle for ETPs that want to both maximize staking rewards and maintain sufficient assets for redemptions. "ETH does not leave the Trust's wallet at the Custodian during this process; however, staked ETH is not transferable until it becomes unstaked," Grayscale explains in its presentation. To solve this, Grayscale proposes maintaining a "Liquidity Sleeve" of unstaked Ethereum to handle redemptions, along with potential short-term financing arrangements with custodians and liquidity providers. The company also suggests a revolving credit facility as a backstop for extreme scenarios. Data analysis presented by Grayscale indicates that ETH ETP redemptions have generally been moderate, with the largest funds experiencing a maximum 10-day drawdown of 6.7% and an average redemption size under 3% of fund assets. The company notes that European ETPs that offer staking have demonstrated "their ability to stake and efficiently track NAV, with tight spreads and a functional creation-redemption arbitrage mechanism," suggesting the model can work effectively in regulated products. NYSE Arca has already submitted an amended Form 19b-4 application requesting the rule change that would permit staking in Grayscale's Ethereum | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
28-04-2025
- Business
- Yahoo
Grayscale Seeks SEC Approval for Ethereum Staking
Grayscale Investments, which manages the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH), has formally approached the Securities and Exchange Commission to allow Ethereum staking capabilities in its exchange-traded products, according to documents submitted to the regulator in April. The asset manager, whose ETHE and ETH represent nearly 50% of all Ethereum assets in U.S. ETPs, argues that current restrictions put American investors at a disadvantage compared to international markets where staking is permitted. Staking is a function of the Ethereum protocol that allows holders to participate in validating transactions on the network. In its presentation to the SEC's Crypto Task Force, Grayscale outlined how U.S. Ethereum ETPs have foregone approximately $61 million in potential staking rewards since their launch through February 2025. If the prohibition continues, Grayscale projects ETPs could miss out on $5.5 billion in staking benefits over the next decade when factoring in daily compounding. At the heart of Grayscale's proposal is addressing a key technical challenge: the time mismatch between ETF redemptions and Ethereum's unstaking process. While ETF share redemptions typically settle in one business day, unstaking Ethereum can take approximately 10 days under normal conditions. This creates a potential liquidity hurdle for ETPs that want to both maximize staking rewards and maintain sufficient assets for redemptions. "ETH does not leave the Trust's wallet at the Custodian during this process; however, staked ETH is not transferable until it becomes unstaked," Grayscale explains in its presentation. To solve this, Grayscale proposes maintaining a "Liquidity Sleeve" of unstaked Ethereum to handle redemptions, along with potential short-term financing arrangements with custodians and liquidity providers. The company also suggests a revolving credit facility as a backstop for extreme scenarios. Data analysis presented by Grayscale indicates that ETH ETP redemptions have generally been moderate, with the largest funds experiencing a maximum 10-day drawdown of 6.7% and an average redemption size under 3% of fund assets. The company notes that European ETPs that offer staking have demonstrated "their ability to stake and efficiently track NAV, with tight spreads and a functional creation-redemption arbitrage mechanism," suggesting the model can work effectively in regulated products. NYSE Arca has already submitted an amended Form 19b-4 application requesting the rule change that would permit staking in Grayscale's Ethereum | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
SEC Delays Staking Decision on Grayscale's ETHE, ETH
The Securities and Exchange Commission delayed ruling on whether or not to permit so-called "staking" in Grayscale Investment's Ethereum ETFs, saying more time is needed to consider changing the rules. The SEC said in an April 14 filing that it will approve, reject, or institute further proceedings on, staking in the $1.9 billion Grayscale Ethereum Trust ETF (ETHE) and the $712 million Grayscale Ethereum Mini Trust ETF (ETH) by June 1. The agency also delayed permitting in-kind redemptions for VanEck's Bitcoin and Ethereum ETFs, according to another April 14 filing. VanEck manages the $1.2 billion VanEck Bitcoin ETF (HODL) and the $67.7 million VanEck Ethereum ETF (ETHV). The rule change would permit redemptions in the underlying asset, and not necessarily in cash, and avoids a taxable event. Ethereum's outflows and price declines may be relieved if staking—the cryptocurrency's validation mechanism, which acts as a sort of yield device—were introduced, BlackRock Inc.'s (BLK) digital assets chief Robert Mitchnick said recently. Staking offers participants rewards in exchange for locking up their crypto for a period, and permitting that in the Ethereum ETF would stoke investor interest, BlackRock said. The decision to delay comes on the heels of Paul Atkins being named SEC Commissioner on April 9. Atkins was tapped to lead a more crypto-friendly commission, departing from the skeptical and cautious crypto stance of predecessor Gary Gensler. The crypto industry largely endorsed President Donald Trump and his promise to reduce restrictions on digital currencies. Ethereum ETFs have fallen hard this year, with ETHE's price cut in half amid $565.6 million in outflows as rival cryptocurrencies appeal to investors. Bitcoin ETFs, on the other hand, have gained recently, and the iShares Bitcoin Trust (IBIT) has pared some losses so that it's now down 9% since the year began. ETHE is the largest spot-ethereum ETF, and the New York Stock Exchange sought permission to permit staking in the fund in early March. Grayscale, based in Stamford, Connecticut, didn't immediately respond to a request seeking | © Copyright 2025 All rights reserved Sign in to access your portfolio
