Biggest Ethereum News of the Century (BlackRock Crypto BOMBSHELL):
The ethereum spot ETF is expected to start trading, today the applications for ETFs approved by the SEC from 21 Black Rock shares, at the bit level.
The ethereum ETFs, are online for the first time in history because they are trading more than 500 million dollars, during their debut in the crypto fund in fact.
The latest news as I record the trading volume of the ethereum ETF has just reached more than a billion and the black Rock ETF e is already part of the first 50 ETF debuts ever recorded and the campaign that black rock has just published educate on ethereum abdicate for ethereum.
Basically, the launch of ethereum to standards is a huge signal.
But just understand that many people are now comparing the success of the Bitcoin etf 6 months ago compared to Ethereum.
Today it’s not going to be the same it was never going to be the same Bitcoin has a much larger market share, more demand, more people hold it compared to altcoins and the further down the list you go, the more niche there is.
The Bitcoin ETF I think you know the story, probably the best ETF launch in history, one of the interesting statistics, is that the Black Rock Bitcoin ETF, has had more net flows than QQQ since the beginning of the year.
So, just massive flows there of over $500 million yesterday, and so I think what a lot of people are saying is that it was the first one is the second one that’s going to be as important, and I don’t think that’s true, if you go there and you know before you come, I looked at all the major news sites where people don’t talk about it as much.
So I like the media attention, the hype all that’s not really there, and so that brings you to the question of why people don’t talk about it as much, and I think part of the challenge, for ethereum is that the story is not as clear, it’s very clear with Bitcoin, it’s digital gold.
When we start talking about ethereum, we start talking about a technological platform, there is much more competition, etc.
But if you go there, and you talk to the people of bitwise, you know that they are launching eth, today what they would tell you is good in fact, there is a diversification that Wall Street people love, and so maybe the advantage that ethereum will have is just that people say well, I don’t want to have just one, I want to have a few, it’s Bitcoin, it’s ethereum.
Let me do like a 7030 split, and that will be enough for that, and so I think we really need to see what these flows are going to look like, because the story is not as clear there, you will not have access to staking, so the cash flow, which people really like about Ethereum is not available to these ETF holders.
And I think that the flows themselves, will not be as important as Bitcoin, and therefore the question is what impact on the price will it really have.
Now understanding the data for Bitcoin and ethereum on altcoin daily, will always bring you the real data.
Because despite the massive Bitcoin exchange outflows, over the past 24 hours, the percentage of the total supply of ethereum on exchanges remains lower than that of Bitcoin, there is 11.7% of the total supply of Bitcoin on exchanges, but only 10.7% of the supply of eth on exchanges, both are bought withdrawn from the market and despite what you think of the ethereum ETF.
This sends a massive signal to the rest, to wait for the altcoin ETFs to arrive, which I think is interesting about the approval of the ethereum ETF, and probably what I have retained the most concerns less Ethereum, and more the rest of the market, what it signals to me.
It’s that all the AL coins are going to come to Wall Street, it may take a while, it may require some regulatory clarity, they may be treated in a certain way, but these things are going to come to Wall Street, and so what went from zero to one, you know, it will be Bitcoin right.
Now a crypto industry, and the reason why this is becoming interesting, is that people who have this portfolio model or this portfolio approach, will start applying it to all cryptocurrencies.
Now let’s talk about specific altcoins with massive news, but here’s how black rock started pushing ethereum.
Black Rock’s I shares website, is a penchant for the launch of the ethereum ETF now we see directly on their main page the introduction of eth has a new ETF, I shares ethereum trust, it’s bold, it’s consumer-friendly, they also educate the case of the number one ishares ethereum trust ETF.
You have access to ethereum number two thanks to the convenience of an exchange-traded, easy and number three product built by the largest asset manager.
The second largest cryptocurrency by market capitalization, after Bitcoin and has key characteristics that distinguish it, while many see the key appeal of Bitcoin in its rarity, many find the appeal of ethereum in its usefulness, it lasts almost 2 minutes in general it would only play you a clip.
But I think it is so important, that it is the speech that black rock, makes to its traditional investors ethereum, is a highly programmable blockchain, which provides an information structure for a wide range of assets, and use cases that you could consider ethereum as a global platform for applications.
This platform allows applications called smart contracts, to work without a centralized intermediary, ethereum transactions require the payment of transaction fees in the native token, network ether investor interest in ether has increased as more and more people adopt digital assets, and that is why we are introducing Etha.
The ishares ethereum trust ETF, which offers investors practical exposure to ether here are three things you should know about ether :
The first is that access to ether allows investors to access Ethereum’s native symbolic ether in one year.
The second is the convenience that Etha, can help eliminate the operational burdens associated with the direct holding of ether, as well as the potentially high trading costs, and the complexity of tax reporting.
And finally the integrated Etha technology, is managed by the largest asset manager in the world, and benefits from a multi-year technological integration developed with coinbase prime, the largest institutional custodian of digital assets in the world.
Access Etha through your online brokerage, or chat with your financial professional to find out how Etha could fit into your portfolio, so that ethereum ETFs are a huge success on the first day.
They will probably settle somewhere between 20 and 25%, of what the Bitcoin ETFs did on the first day for volumes of course.
Today’s news is usdy, which is a stable part of the Ando platform, so Ando is now integrated with injective bringing stable high-quality feedback to injective daps.
Including decentralized exchanges and market platforms, monetary and how it affects you if you hold injected.
This brings an innovative tokenized treasury instrument, and a usdy stable coin into the injective ecosystem while allowing new institutional use cases.
And rwa for injective, as well as the AIT protocol has a major product update, and just a reminder of what the AIT protocol is, this is an altcoin AI platform providing AI data annotation that is very necessary, so it is easy for tech giants, like Amazon or meta, to get all this data.
Because they have all your data correct, but it’s harder for smaller players, especially with smaller budgets, to get that data, that’s where the AIT protocol comes in.
It is easier for AI developers to train their models by providing a much more economical way to process and analyze big data.
And today’s news, explore Albert, who returns to discussing GPT steroids, our team has switched to using Albert for all our AI needs.
Conclusion :
If you are optimistic about AI coins, or if you own AIT, you like that and ethereum L2 focused on privacy.
Cody is in the news, Cody will participate in the cbdc project of the Central Bank of Israel alongside giants like PayPal and fireblocks.
This is an important milestone for Cody, because he is positioning himself as a leader in the cbdc market, so it’s cool to see the adoption.
The Test Bank of Israel verifies this and, as the only blockchain network selected to participate, Cody’s privacy-focused L2 blockchain offers advanced features to store and carry out transactions, securely with CBDCs.
For more information please don’t hesitate to contact us
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