VanEck Closes Its Ethereum Futures ETF in September One Year After Launch
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VanEck will close its Ethereum Futures ETF (EFUT) by September 16, 2024. The EFUT saw low asset accumulation compared to VanEck's Ethereum Spot ETF. In general, Ethereum faces challenges from competition as well as declining network revenues and fees. VanEck plans to launch its Ethereum Strategy ETF (EFUT) by September 16...
BitMEX co-founder Arthur Hayes believes Bitcoin will reach 50K
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Arthur Hayes predicts that Bitcoin (BTC) could fall below the $50,000 mark amid the market turmoil. Bitcoin's price drop has resulted in $36.71 million in liquidations. The Crypto Fear & Greed Index shows "extreme fear," reflecting rising market fears. In the last few days, the...