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There’s a lot of tech wizardry going on behind the scenes that makes it all possible
Plus, are people still excited about the ETH ETFs?
The Grayscale Ethereum Trust exchange-traded fund conversion removes discounts and lock-in periods, which could prompt investors to sell their shares for cheaper ETFs from issuers like BlackRock and Fidelity, an analyst said.Outflows from the converted Grayscale’s Ethereum Trust could weigh on the price of ether in the initial period after the launch of ETF trading, the analyst added.
Share link:In this post: Grayscale moved $1 billion worth of Ethereum to Coinbase to prepare for the launch of its spot Ethereum ETFs on the NYSE and other platforms. Coinbase will be the custodian for eight of the nine new Ethereum ETFs. Grayscale’s Ethereum ETF has a high management fee of 2.5%, which is much higher than competitors like BlackRock and Fidelity.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information
Kaiko’s latest analysis suggests that Ether’s price will be sensitive to spot ETF inflows, given the low demand for futures products back in late 2023.
- 14:15SOL Strategies: Current Total SOL Staking Exceeds 3 MillionAccording to a report by Jinse Finance, "Solana's MicroStrategy" SOL Strategies released its April performance update, revealing that the company has secured up to $500 million in convertible note financing to expand its SOL holdings. The validator uptime is 99.995%, and the total number of staked SOL tokens has exceeded 3 million (3,036,462 tokens). As of April 30, 2025, SOL Strategies holds 269,258 SOL, of which 268,671 SOL are actively staked to the company's validators.
- 14:14Tether Q1 Report: Holds Nearly $120 Billion in US Treasuries, Confirms Quarterly Operating Profit Exceeds $1 BillionAccording to a report by Jinse Finance, Tether International released its Q1 2025 report today, completed by BDO, one of the world's top five independent accounting firms. The report confirms the accuracy of Tether's Financial Data and Reserve Report (FFRR) and provides a transparent breakdown of the assets backing fiat-pegged stablecoins as of March 31, 2025. The report states that Tether's total exposure to U.S. Treasury securities (including indirect holdings in money market funds and reverse repurchase agreements) reached a historic high of nearly $120 billion. This milestone not only validates its conservative reserve management strategy but also highlights Tether's significant role as a major hub for the distribution of U.S. dollar liquidity. Tether's Q1 traditional investment portfolio achieved over $1 billion in operating profit, primarily due to the robust performance of U.S. Treasury holdings, while gold investments almost completely offset the impact of cryptocurrency market volatility. Additionally, USDT circulation increased by approximately $7 billion in the first quarter. As of March 31, 2025, the company's management confirmed the following key data: • Total issuer assets of at least $149,274,515,988 • Total issuer liabilities of $143,682,673,588, of which $143,678,070,758 are liabilities for issued digital tokens • Issuer assets fully cover consolidated liabilities • Proprietary investments in emerging fields such as AI and energy through Tether Investments are not included in token reserves • Approximately 46 million new USDT wallets were added this quarter, a 13% increase from the previous quarter
- 14:06A whale increases short selling by borrowing 4,000 ETH, bringing total short position to 10,000 ETHAccording to on-chain analyst Ember's monitoring, a whale that has repeatedly shorted ETH at the peak of $1800 has currently shorted 10,000 ETH at an average price of $1,791, with an unrealized loss of $510,000. In the past hour, they continued to borrow and short 4,000 ETH, bringing the total short position to 10,000 ETH.