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There’s a lot of tech wizardry going on behind the scenes that makes it all possible
Plus, are people still excited about the ETH ETFs?
The Grayscale Ethereum Trust exchange-traded fund conversion removes discounts and lock-in periods, which could prompt investors to sell their shares for cheaper ETFs from issuers like BlackRock and Fidelity, an analyst said.Outflows from the converted Grayscale’s Ethereum Trust could weigh on the price of ether in the initial period after the launch of ETF trading, the analyst added.
Share link:In this post: Grayscale moved $1 billion worth of Ethereum to Coinbase to prepare for the launch of its spot Ethereum ETFs on the NYSE and other platforms. Coinbase will be the custodian for eight of the nine new Ethereum ETFs. Grayscale’s Ethereum ETF has a high management fee of 2.5%, which is much higher than competitors like BlackRock and Fidelity.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information
Kaiko’s latest analysis suggests that Ether’s price will be sensitive to spot ETF inflows, given the low demand for futures products back in late 2023.
- 11:58Scroll Co-Founder: Scroll Becomes the First zk-Rollup to Reach Stage 1Scroll co-founder Ye Zhang tweeted that Scroll achieved a critical upgrade with the Euclid update, becoming the first zk-Rollup to reach Stage 1. This ensures that users have sufficient time to exit before system changes, supports Layer 1 forced transaction submission, and allows the network to automatically open if the sequencer or provers go down, ensuring system activity.
- 11:52Strategy's Bitcoin Holdings Currently Have Unrealized Profits Exceeding $14.839 BillionAs Bitcoin rises above $95,000, currently priced at $95,266, Strategy (formerly MicroStrategy) has unrealized profits of $14.839 billion from its Bitcoin holdings. As of April 27, 2025, Strategy holds 553,555 BTC, having spent $37.9 billion with an average holding price of $68,459.
- 11:52Tako launches Anontako.fun, allowing anonymous sharing with a wallet balance of at least 0.1 BNBApril 29 news, Web3 social network Tako announced on social platforms that anontako.fun is officially live. Any user can connect a BNB wallet (with a balance of ≥0.1 BNB) to share anonymously. Each anonymous share submitted by a user will enter TakoApp's private circle Anon Together Koko, where members of the private circle will vote on whether to make it public. Tako stated that this upgrade aims to enable anyone to freely use the Anontako anonymous service and facilitate the free expression of diverse viewpoints through the introduction of governance.