Streetbeat News

ETH

Grayscale Ethereum Mini Trust

https://etfs.grayscale.com/

Industry

Furnishings, Fixtures & Appliances

While an investment in the Shares is not a direct investment in Ether, the Shares are designed to provide investors with a cost-effective and convenient way to gain investment exposure to Ether.

Open

2.79

Mkt cap

1.2B

Volume

18M

High

2.81

P/E Ratio

1.18

52-wk high

3.31

Low

2.73

Div yield

N/A

52-wk low

2.06

Jamie Dimon, CEO of JPMorgan Chase, emphasized the bank's significant use of blockchain technology while maintaining skepticism towards cryptocurrencies, calling them a 'pet rock.' JPMorgan's blockchain network, Onyx, has processed over $700 billion in transactions. Despite Dimon's criticism of Bitcoin, JPMorgan has investments in Bitcoin-related ETFs like the Grayscale Bitcoin Trust.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 8:18 am

The SEC, led by Gary Gensler, has directed eToro to halt trading of all cryptocurrencies except Bitcoin, Ethereum, and Bitcoin Cash, marking a significant shift in the agency's stance on Ethereum. This decision follows a settlement where eToro agreed to pay $1.5 million for violating federal securities laws.

Portfolio Pulse from Aniket Verma

September 13, 2024 | 5:44 am

Glauber Contessoto, known as SlumDOGE Millionaire, endorses NEIRO as the next big dog-themed memecoin, predicting it will unite Dogecoin and Shiba Inu communities. NEIRO has surged 1024% since launch, outperforming DOGE and SHIB.

Portfolio Pulse from Aniket Verma

September 12, 2024 | 4:50 am

Bitcoin ETFs saw mixed inflows and outflows, with Fidelity's ETF gaining $28.59 million and Grayscale's losing $22.76 million. Bitcoin remains in bearish territory below $61,100. Ethereum ETFs continued outflows, led by Grayscale's $22.64 million outflow. Market uncertainty is high, with potential catalysts like the Harris-Trump debate and CPI data announcement.

Portfolio Pulse from Murtuza Merchant

September 10, 2024 | 1:28 pm

The article highlights five lesser-known facts about Peter Thiel, co-founder of PayPal and Palantir. Thiel was the first outside investor in Facebook, turning a $500,000 investment into over $1 billion. He has political ties with Donald Trump but plans less involvement in the 2024 election. Thiel's relationship with Elon Musk includes past tensions at PayPal and investments in Musk's ventures. Thiel's foundation supported Ethereum's co-founder Vitalik Buterin with a $100,000 grant. Thiel's love for science fiction influenced the naming of his companies.

Portfolio Pulse from Chris Katje

September 06, 2024 | 8:30 pm

Bitcoin is nearing $55,000, but experts warn of a potential drop below $50,000 due to market indicators and significant outflows from Bitcoin and Ethereum ETFs. Notable outflows include Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust. Broader economic factors and on-chain data suggest a challenging market ahead.

Portfolio Pulse from Murtuza Merchant

September 06, 2024 | 1:52 pm

PuffPaw, a vape-to-earn project, has raised $6 million to incentivize reduced nicotine consumption using blockchain technology. Users earn tokens by using vapes with lower nicotine levels, which can be used to purchase more products. The project is built on the Berachain blockchain, similar to Ethereum.

Portfolio Pulse from Aniket Verma

September 05, 2024 | 7:57 am

Bitcoin and Ethereum spot ETFs experienced significant outflows, with Grayscale Bitcoin Trust leading the withdrawals. In contrast, the Ark Invest and 21Shares ETF saw inflows. This reflects ongoing uncertainty in the cryptocurrency markets.

Portfolio Pulse from Murtuza Merchant

August 30, 2024 | 12:06 pm

Telegram founder Pavel Durov's arrest in France has sparked reactions from key figures in the cryptocurrency space, including Ethereum's Vitalik Buterin and Tron's Justin Sun. Buterin expressed concerns about software and communication freedom in Europe, while Sun proposed a decentralized funding initiative to support Durov legally.

Portfolio Pulse from Aniket Verma

August 26, 2024 | 1:35 am

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