Global #Ethereum

Futu Securities International, Hong Kong’s largest online broker, has made a significant leap in the cryptocurrency space by introducing Bitcoin and Ethereum trading to its platform. This move, effective August 1, 2024, represents a pivotal development for Hong Kong as it continues to establish itself as a key player in the global crypto market.

In a notable shift in the Ethereum investment landscape, daily net inflows into U.S. spot Ether exchange-traded funds (ETFs) have turned positive again, despite significant outflows from Grayscale’s Ethereum Trust.

Recent data from Grayscale Investments highlights contrasting trends in their Ethereum and Bitcoin trusts, showcasing shifting investor preferences and cost considerations within the digital asset market.

In a recent interview with Bloomberg, Samara Cohen, BlackRock's Chief Investment Officer of ETFs and Index Investments, forecasted that Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) will be integrated into model portfolios by the end of this year and into 2025.

Recent developments in the cryptocurrency market have highlighted significant movements in both Ethereum (ETH) and Tether (USDT) on exchanges, suggesting potential shifts in investor behavior and market sentiment.

​Recent data from Etherscan and Gasfees.io indicate a significant decrease in Ethereum gas fees, with the average mainnet fee plummeting to 4 Gwei, approximately $0.21 per transaction.