Spot Ethereum ETFs have seen $476 million in outflows since launch.Bloomberg Intelligence ETF analyst Eric Balchunas said he could see “light at the end of the tunnel,” meaning the outflows will soon taper off. Spot Ethereum exchange-traded funds had a brutal first month. Unlike the kick-start crypto rally pundits expected, spot Ethereum ETFs lost $476 … Read more
North Korean hackers are targeting crypto ETF issuers, according to the FBI. The FBI has “identified a long list of potential targets,” a security researcher told News. North Korean hackers have long targeted crypto companies due to the irreversibility of blockchain-based transactions. Because once the crypto is in the hacker’s wallet, no bank or government … Read more
Ethereum price fell 22% in August. Lack of institutional demand at current prices is a problem, says Lecker Capital’s Quinn Thompson. Lackluster ETF demand and growing tech criticism hit Ethereum in August, leading to the asset’s biggest monthly drop in more than two years. “A new buyer may not see the value at current prices,” … Read more