Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Joe Lubin, Co-Founder of Ethereum and Owner of Billions of Dollars Worth of ETH, Discusses the Future of Ethereum

02/08/2025

Tokenized Stocks Expose a Major Tax Reporting Gap in Crypto—Robin Singh

02/08/2025

Resolve Ripple Case Now That ‘Project Crypto’ Is Underway

02/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bernstein predicts Bitcoin to reach $200,000 by early 2026

    02/08/2025

    DigitalX Unveils Massive Bitcoin Acquisition: Total Holdings Soar

    02/08/2025

    Both ends of the curve agree — there’s not enough bitcoin for everyone

    02/08/2025

    Pledditor vanishes from X as bitcoin hits all-time high

    02/08/2025

    Joe Lubin, Co-Founder of Ethereum and Owner of Billions of Dollars Worth of ETH, Discusses the Future of Ethereum

    02/08/2025

    Ethereum (ETH) Nears Critical $4,000 Level, but Profit-Taking Risk Looms: Market Top?

    02/08/2025

    Ethereum Price Rally on the Way?

    02/08/2025

    10 Ways Ethereum Changed Crypto Over the Past Decade

    02/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    02/08/2025

    Labubus have succeeded in every way that NFTs have failed

    01/08/2025

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    31/07/2025

    NFT sales surge to $574 million in July, second-highest in 2025

    31/07/2025

    Joe Lubin, Co-Founder of Ethereum and Owner of Billions of Dollars Worth of ETH, Discusses the Future of Ethereum

    02/08/2025

    Tokenized Stocks Expose a Major Tax Reporting Gap in Crypto—Robin Singh

    02/08/2025

    Resolve Ripple Case Now That ‘Project Crypto’ Is Underway

    02/08/2025

    Scallop Is the Latest International Crypto Firm to Crack the US Regulatory Code

    02/08/2025
  • Blockchain

    IONOS’ InternetX plans to tokenize 22M domains through Doma Protocol

    01/08/2025

    The Protocol of Agents: Web3’s MCP Potential

    01/08/2025

    EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

    01/08/2025

    Circle Wallet’s Strategic Leap for Web3 Developers

    01/08/2025

    Pyth Network brings Hong Kong stock prices onchain for global access

    01/08/2025
  • DeFi

    Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

    02/08/2025

    Chainlink introduces new pricing methodology for DEX-traded assets

    02/08/2025

    Why This DeFi Dip Might Be the Start of a Major Rotation?

    02/08/2025

    Lido cuts staff, Curve rethinks L2s

    02/08/2025

    Alchemy Pay Integrates into Solv Protocol to Bridge Fiat with Bitcoin DeFi

    02/08/2025
  • Metaverse

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025
  • Regulation

    Tokenized Stocks Expose a Major Tax Reporting Gap in Crypto—Robin Singh

    02/08/2025

    Ripple Rival Circle Downgraded by Compass Point: Details

    02/08/2025

    US stocks largely flat as investors weigh earnings, tariffs

    02/08/2025

    Wall Street is Warming Up to Rate Cuts—Will Crypto Be the Biggest Winner?

    02/08/2025

    DevvStream pivots, anchors crypto treasury to BTC and SOL

    02/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Scallop Is the Latest International Crypto Firm to Crack the US Regulatory Code

    02/08/2025

    Urgent Alert for Four Trading Pairs on August 8

    02/08/2025

    Assetera Opens Tokenized Securities Market to Crypto Exchanges With MiFID-Compliant API

    02/08/2025

    Over 40% of Jupiter’s Trading Volume Now Flows Through Private AMMs

    02/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    02/08/2025

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    01/08/2025

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    Sanctioned nations are secretly mining Bitcoin and the clues are in the hash rate

    02/08/2025

    Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan

    01/08/2025

    Bitcoin mining faces surging power demands and record-low fees

    01/08/2025

    Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025

    31/07/2025

    Resolve Ripple Case Now That ‘Project Crypto’ Is Underway

    02/08/2025

    Andreessen Horowitz warns of loopholes in draft crypto rules

    02/08/2025

    UK FCA to allow retail investors to buy Bitcoin and crypto ETNs

    02/08/2025

    SEC’s “Project Crypto” Announcement Marred by False ETH Security Rumors

    02/08/2025

    Joe Lubin, Co-Founder of Ethereum and Owner of Billions of Dollars Worth of ETH, Discusses the Future of Ethereum

    02/08/2025

    Tokenized Stocks Expose a Major Tax Reporting Gap in Crypto—Robin Singh

    02/08/2025

    Resolve Ripple Case Now That ‘Project Crypto’ Is Underway

    02/08/2025

    Scallop Is the Latest International Crypto Firm to Crack the US Regulatory Code

    02/08/2025
  • MarketCap
NBTC News
Home»Ethereum»Can Upcoming ETH Futures-Based ETFs Turn The Tables?
Ethereum

Can Upcoming ETH Futures-Based ETFs Turn The Tables?

NBTCBy NBTC28/09/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The Ethereum price is hovering around yearly lows compared to the dominant cryptocurrency, Bitcoin. This decline, notable since September 2022, has brought ETH to trade as low as $1,594 at the time of writing.

However, amid the concerns about Ethereum’s notable plunge, there are hints of a potential trend reversal, according to the latest report from crypto research firm K33 Research.

Ethereum Price Declines, Underlying Reasons

K33 Research, a renowned figure in the crypto analytical space, has been closely monitoring the relationship between Ethereum and Bitcoin. Their recent findings highlight a palpable drift in the market’s preferences between these two titans.

Ethereum and Bitcoin (ETH/BTC) price chart. | Source: K33 Research.

Ethereum’s native token is under strain, hovering at a trading value near 0.06 Bitcoin. This trend traces back to a pivotal moment in Ethereum’s timeline – its transition from proof-of-work to proof-of-stake consensus, a migration dubbed “The Merge.”

However, Ethereum’s trajectory isn’t solely a product of its internal variation. External market factors have also played their part. The Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) sectors have seen their buzz quiet down, which has indirectly cast a shadow over Ethereum’s performance.

Lunde, a Senior Analyst with K33, alongside Vice President Anders Helseth, reflected on this scenario in their recent report. The analysts pointed out:

Ether has experienced a steady downward trend throughout the year as DeFi and NFT activity has faded. Without any meaningful narratives or adoption stories, ether has struggled to maintain strength versus bitcoin

Market Sentiments And Potential Catalysts

Furthermore, insights from Chicago Mercantile Exchange (CME) derivative traders reveal a bearish sentiment towards Ethereum. According to the report, despite a notable 60% surge in open interest since August, the disparity between ETH futures prices and its spot remains considerably lower than that of Bitcoin.

Lunde and Helseth interpret this data to suggest that expectations of potential ETH futures ETFs being approved in the forthcoming weeks failed to gain the attention of the CME Ethereum traders.

However, not everything appears grim for Ethereum. Despite the bearish landscape, analysts at K33 are optimistic about a shift as the year ends. According to the report, the potential approval of new Ethereum futures-based Exchange Traded Funds (ETFs) could reverse this trend.

Such financial products could infuse new vigor into the market, attracting more institutional interest and potentially driving Ethereum’s value against Bitcoin. If approved, they could not only bolster the confidence of existing investors but might also lure new participants to the ETH platform.

Meanwhile, Ethereum and Bitcoin have seen losses over the past week. Ethereum has been down 2.1% with a current trading price of $1,591, and Bitcoin is down by 3.7% with a current price of $26,212.

Ethereum (ETH) price chart on TradingView
Ethereum (ETH) price is moving sideways on the 4-hour chart. Source: ETH/USDT on TradingView.com

Featured image from Shutterstock, Chart from TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Joe Lubin, Co-Founder of Ethereum and Owner of Billions of Dollars Worth of ETH, Discusses the Future of Ethereum

02/08/2025

Ethereum (ETH) Nears Critical $4,000 Level, but Profit-Taking Risk Looms: Market Top?

02/08/2025

Ethereum Price Rally on the Way?

02/08/2025

10 Ways Ethereum Changed Crypto Over the Past Decade

02/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Joe Lubin, Co-Founder of Ethereum and Owner of Billions of Dollars Worth of ETH, Discusses the Future of Ethereum

02/08/2025

Tokenized Stocks Expose a Major Tax Reporting Gap in Crypto—Robin Singh

02/08/2025

Resolve Ripple Case Now That ‘Project Crypto’ Is Underway

02/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.