Latest news with #ETHA
CNBC
21 hours ago
- Business
- CNBC
This crypto treasury firm is vying to be the MicroStrategy of ether–but with a focus on generating yield
The latest crypto treasury company is set to hit the public market with an ambitious plan to build the largest public vehicle for institutional exposure to ether. The Ether Machine will begin trading on the Nasdaq Monday under the ticker ETHM, once a merger with blank check company Dynamix Corporation is complete. Andrew Keys, the co-founder and chairman of the new company, has committed about $645 million in an anchor investment. The entity is backed by crypto investors 10T Holdings, Electric Capital, Pantera Capital and more. The company is the latest in an emerging cohort of new entities vying to become the MicroStrategy of Ethereum by replicating the bitcoin proxy's successful accumulation strategy, but around ether, the second largest cryptocurrency by market cap, rather than bitcoin. Keys' company plans to differentiate with a focus on yield generation through "staking" rather than simply buying and holding the ether. Staking is a mechanism for generating yield by contributing to network operations around security and transaction processing. By purchasing ether from a crypto exchange or buying shares of an ether ETF, investors would get exposure to the coin's price, "but without access to the dividend," Keys explained. "Ether produces yield if it's properly managed," he told CNBC's "Squawk Box" Monday. "The ETFs right now don't generate yield because they don't enable staking … we're able to enable staking and we're able to do other additional risk management on top of that." On Thursday, BlackRock filed with the SEC to include staking to its popular ETHA ether ETF, which just logged a record week of inflows. The ability to stake makes ether a "more productive" asset than bitcoin, according to Keys. The Bitcoin network "has one asset on it, bitcoin, that can be moved from peer to peer, but Ethereum can tokenize any asset," Keys said. It's "able to embed any type of digital asset – a bar of gold, a barrel of oil, a stock, a bond, a derivative – into digital legal agreements, and in doing so, you're able to expedite the velocity of money. You can have employment contracts that get paid by the minute, as an example." Shares of Dynamix jumped 30% in premarket trading. The Ether Machine follows Bitmine Immersion Technologies – the company newly chaired by Fundstrat's Tom Lee and more recently backed by Peter Thiel – in its ether treasury ambitions. Pantera was also a backer of Bitmine. Also this year, SharpLink Gaming, whose board is chaired by Ethereum co-founder Joe Lubin, also initiated an ETH treasury strategy; and Bit Digital recently exited bitcoin mining to focus on its ETH treasury and staking plans. Ether has taken the spotlight in crypto from bitcoin in recent months as investors anticipated the stablecoin bill known as the GENIUS Act would be signed into the first major U.S. crypto law, which President Trump did Friday. The regulatory clarity should benefit institutions and brands becoming more interested in tokenization, which includes stablecoins, most of which are issued on the Ethereum network. Ether has doubled in the last three months and last week, ether ETFs posted a record $2.18 billion in weekly inflows.
Yahoo
21 hours ago
- Business
- Yahoo
Ethereum ETFs Surging Rapidly: What Lies Ahead?
Ethereum (ETH) is skyrocketing, gaining more than 20% last week and currently aiming for the $4,000 mark. Ether closed the week on a high note, as President Donald Trump signed the GENIUS Act into law. Despite tariff-related market headwinds, Ether surged 18% last week, pushing its two-week gain to about 43% — marking its best two-week performance since August 2021. Note that House lawmakers also passed a second, much broader crypto market structure bill, the CLARITY Act, that will now go to the July 17, 2025 BlackRock also filed with the SEC to include staking to its ETHA ether exchange-traded fund (ETF), which also boosted the sentiment for crypto's second-largest coin. 21Shares Core Ethereum ETF CETH, Vaneck Ethereum ETF ETHV, Invesco Galaxy Ethereum ETF QETH, Grayscale Ethereum Trust ETF ETHE and iShares Ethereum Trust ETF ETHA gained about 16% each last week. Ethereum Price Levels ETH broke above the psychological level of $3,000 last week. It is trading around $3,760 at the time of writing. If this level is breached, Ethereum could push higher to test the key $4,000 threshold. The daily RSI reading of 85 signals overbought conditions but also indicates strong bullish momentum. Similarly, the MACD's bullish crossover from early July remains intact, backed by a rising histogram, per a article. If ETH experiences a pullback, traders are watching $3,000 as the key support level. Ethereum Remains a Key Crypto Investment Ethereum continues to dominate as the leading DeFi platform, with bullish price predictions fueled by growing interest in staking, tokenization, and institutional adoption. Analysts suggest ETH could surge to $8,000 by Q4 2025 or Q1 2026 if momentum continues, making it a strong contender for investors seeking stability and long-term growth. Ethereum Poised for Long-Term Growth Ethereum's long-term outlook remains strongly bullish, thanks to solid fundamentals and increasing institutional involvement. On July 16, spot Ethereum ETFs recorded massive inflows totaling $717 million — with BlackRock's ETHA alone accounting for $489 million — while futures trading volume jumped 27%, according to Glassnode, per a blog. Can Ethereum Cross $5000 in 2026? Corporate interest is also on the rise, as evidenced by World Liberty Financial — linked to Donald Trump — investing $5 million in ETH. Additionally, Deribit's $300,000 trading competition (running from July 17 to 31) is expected to further stimulate activity in the derivatives market. If ETF demand continues to build, analysts predict that Ethereum could reclaim the $4,000-$4,800 range by the end of 2025, with a potential move past $5,500 in early 2026. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
4 days ago
- Business
- CNBC
Ether and trading stocks take the crypto spotlight as Congress passes historic stablecoin bill
Ether and other crypto related stocks climbed to end the week as the GENIUS Act heads to President Donald Trump's desk to be signed into law. Bitcoin and its proxies took a breather. The price of ether was last higher by 3.6% at $3,558.68, according to Coin Metrics, trading at highs not seen since January. On Thursday, ETFs tracking the price of ether saw daily inflows top those of bitcoin ETFs for the first time ever. The funds logged $602 million in net inflows, led by BlackRock's iShares Ethereum Trust (ETHA). Bitcoin ETFs on the same day saw inflows of $522 million. A day earlier, the ETH funds saw a single-day record inflow of $726.7 million. Stocks tied to crypto trading gained as well, with Coinbase and Robinhood each rising more than 4%. Ether treasury stock Bitmine Immersion continued its rally, jumping 12% Friday. Meanwhile, the price of bitcoin slipped 1%. Bitcoin treasury giant Strategy, formerly MicroStrategy, fell 4% and Mara Holdings, the mining company and bitcoin proxy, hovered under the flat line. Ether has advanced 19% this week, bringing its two week gain to about 43.6% — its strongest two-week period since August 2021. Bitcoin is down less than 1% for the week. On Thursday, BlackRock also filed with the SEC to include staking to its ETHA ether ETF, which also boosted sentiment for crypto's second largest coin.
Yahoo
4 days ago
- Business
- Yahoo
BlackRock Seeks Staking Option for iShares Ethereum Trust in New Filing
BlackRock is looking to add staking to its iShares Ethereum Trust (ETHA), a move that would allow the fund to earn rewards by validating transactions on the Ethereum network. Nasdaq, which lists the fund, submitted the amended 19b-4 filing on Thursday. The update signals that BlackRock is aiming to go beyond simple ether (ETH) exposure and participate in Ethereum's proof-of-stake consensus system. If approved, the ETF could stake a portion of its ETH holdings through one or more trusted providers to generate additional yield. Ether staking involves locking up tokens to help secure the network in exchange for regular payouts. Several asset managers, including Franklin Templeton and Grayscale, have also proposed staking features in their Ethereum ETF filings. The SEC delayed its first deadline to make a decision on those proposals. U.S. regulators have yet to definitively decide whether staking services offered through an ETF would qualify as securities activity. But the inclusion of staking in the BlackRock filing reflects growing confidence that staking could eventually be part of crypto ETFs. The SEC is widely expected to greenlight a further wave of spot crypto ETFs this year after approving similar bitcoin and ether products last year. ETHA is currently trading at $25.42 a share and has attracted over $7.2 billion in assets since its launch in June of last year.
Yahoo
10-07-2025
- Business
- Yahoo
BlackRock's Spot Ether ETF Registers Record Trading Volume of 43M Amid Net Inflows of $158M
Ethereum's native token, ether ETH, rose nearly 6% Wednesday, outperforming bitcoin (BTC), XRP (XRP) and solana's SOL (SOL) as expected. The outperformance saw record trading activity in BlackRock's spot ether exchange-traded fund (ETF), ETHA, listed on Nasdaq. More than 43 million shares of ETHA changed hands Wednesday, the highest single-day tally since the fund's debut a year ago, nearly doubling from the previous day's total of 24 million, according to data source Yahoo Finance. Daily volumes have been rising for over a month, as evidenced by the 30-day average, which has climbed to a record 18.83 million from 12.97 million in early June, according to data source TradingView. The ETF has also seen brisk inflow of investor money, pointing to a bullish market sentiment for the second-largest cryptocurrency by market value. The ETF has collected over $1.20 billion in investor money since June, with the net inflows totaling $159 million on Tuesday, the biggest single-day tally since June 11, according to data source SoSoValue. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
