• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Sensei Inu Logo

Ethereum Closing In on $2,800 As ETH 2.0 Deposit Contract Hit New ATH

Anifowoshe Ibrahim by Anifowoshe Ibrahim
2 years ago
in Ethereum
Reading Time: 2 mins read

On Thursday, the world’s second largest cryptocurrency by market cap, Ethereum surged in an indomitable bull rally. At press time, the coin was trading at a new all-time high of $2,760, a 2.89% gain in the last 24 hours. ETH currently has a market cap of $320 billion.

Asset Manager WisdomTree Lists Ethereum ETP

The price surge comes after one of the world’s biggest asset managers WisdomTree listed its new Ethereum ETP on Deutsche Borse’s Xetra market in Frankfurt and the Swiss Stock Exchange in Zurich.

The WisdomTree Ethereum ETP (ETHW) is currently the cheapest available Ethereum-derivative product in Europe with an expense ratio of just 0.95%. The ETHW will allow investors to gain exposure to Ether without actually holding the cryptocurrency. Besides, WisdomTree will be working along with multiple custodian solution providers to hold the digital asset. Speaking of this new development, Jason Guthrie, head of capital markets and digital assets at WisdomTree, said:

“With this increase in popularity, institutional investors are doing their due diligence on the most liquid cryptocurrencies and we expect the pace of adoption across these to ramp up as the opportunity in digital assets becomes more compelling.”

Alexis Marinof, the European operations manager at WisdomTree, said that institutional demand for Ethereum has recently increased. In addition, its previous digital assets ETP products were well-received by institutional investors. He went on to say that the cryptocurrency asset class has helped institutions diversify their portfolios.

“By adding ETHW to our range, we now have the products and research capabilities to support institutional investors whether they are considering making their first allocations to digital assets or looking to diversify their exposures,” added Marinof.

Since the beginning of 2021, Ethereum has been on a big upswing. ETH has also gained nearly 300 percent year-to-date at its current price. CI Global Asset Management introduced the world’s first Ethereum mutual fund to the market earlier this week.

Related article | Ethereum Seems Unstoppable, Here’s How ETH Could Extend Rally

ETH 2.0 Deposit Contract Hit New ATH

Ethereum 2.0 was billed as the most ambitious update to the Ethereum network to date, and the hype appears to be bearing fruit. According to a Tweet from Glassnode alerts, the world’s second-largest cryptocurrency has upgraded to a new all-time high of $10,935,392,247.93 for its deposit contracts.

? #Ethereum $ETH Total Value in the ETH 2.0 Deposit Contract just reached an ATH of $10,935,392,247.93

View metric:https://t.co/1ezmu1GKcj pic.twitter.com/6uj4P0wwYD

— glassnode alerts (@glassnodealerts) April 28, 2021

The community has embraced the cryptocurrency, particularly since the launch of the Ethereum 2.0 update in November 2020.

The foundation’s success began right at the start, with the preparations for its launch. The team behind it had planned to launch it on December 1, 2020, if the deposit contract reached a stake of 524,288 Ethereum coins. It met its target in a matter of hours, collecting over 150,000 ETH deposits in less than 24 hours.

Ethereum has been plagued by high gas fees, and Ethereum 2.0 is being heralded as the solution. Danny Ryan, the Ethereum 2.0 coordinator, said before the launch that the update added a lot of intrinsic value to the system.

Source: ETHUSD on TradingView.com

Related article | Ethereum Gains Momentum, Here’s Here Chances of a Run To $3K

Featured image from Pixabay, Charts from Tradingview.com
Tags: ETHETH 2.0ethereum foundationprice surgewisdomtree
Tweet123Share196ShareSend
Anifowoshe Ibrahim

Anifowoshe Ibrahim

Related Posts

Bitcoin (BTC) and Ethereum price (ETH)

Ethereum’s Price Vs. Bitcoin: Can Upcoming ETH Futures-Based ETFs Turn The Tables?

13 hours ago
Ethereum ETH Gate

ETH Gate Saga Continues: What Is Lubin’s ‘Piece Of Paper’?

24 hours ago
Ethereum open interest

Ethereum Open Interest Barrels Past $5.2 Billion, Is It Time To Buy?

2 days ago
Ethereum

Ethereum Liquid Staking Protocols Hit New Milestone Following Massive Inflows

2 days ago
Ethereum

Ethereum Funding Rates Turn Deep Red, What Does It Mean?

3 days ago
Ethereum

Number Of Ethereum Addresses Losing Money Just Reached A New All-Time High

3 days ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • The Rise of Bitcoin Spark: How It Challenges the Dominance...

    3 hours ago
  • Microsoft AI Picks Tradecurve Markets (TCRV), Terra Classic...

    4 hours ago
  • Bulls Are All In For Everlodge (ELDG), Why Are Litecoin...

    4 hours ago
  • Discover Tradecurve Markets (TCRV): The Solution to Stellar...

    4 hours ago
  • Index CFDs: Experts Have Conducted A Comprehensive Study In...

    5 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.