- Trump’s $2M Ethereum holdings could influence ETH ETF prices amid current outflows and market shifts.
- BlackRock’s dominance in Bitcoin and Ethereum ETFs marks a pivotal change in the crypto ETF landscape, surpassing Grayscale.
As discussed earlier, Donald Trump holds $2M of Ethereum and $7M of TRUMP tokens—raising the question of whether this could propel ETH ETF prices to new all-time highs. On Friday, Ethereum (ETH) saw a 2% increase despite significant outflows from ETH ETFs.
After a three-day inflow streak, ETH ETFs recorded over $39 million in outflows, with Grayscale’s ETHE experiencing the bulk of the $42.5 million exodus.
At the moment, BlackRock’s on-chain holdings in its Bitcoin and Ethereum ETFs (IBIT and ETHA) have surpassed those of Grayscale’s ETFs (GBTC, BTC Mini, ETHE, and ETH Mini), according to Arkham Intelligence. This marks a significant shift in ETF holdings.
Nasdaq Proposal Withdrawal and Trump’s Crypto Holdings
Nasdaq ISE, LLC withdrew its proposal for Ethereum ETF options on August 13. Additionally, data reveals that Republican presidential candidate Donald Trump holds over $2 million in Ethereum and Wrapped Ethereum, potentially from the sale of his NFT collection.
According to on-chain data analysis previously reported by CNF, Trump’s remarks triggered an 86,000% surge in value for a lucky crypto trader’s Ethereum memecoin investment. As of today, according to CoinMarketCap, Ethereum (ETH) is trading at $2,597.65, having declined by 3.00% in the past day and 3.15% in the past week. See the ETH price chart below.
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Source: https://www.crypto-news-flash.com/ethereum-outlook-trumps-2m-eth-holdings-and-blackrock-etf-dominance/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-outlook-trumps-2m-eth-holdings-and-blackrock-etf-dominance