WisdomTree Asks for Withdrawal of Ethereum (ETH) ETF Filing
- 王林Original
- 2024-09-11 03:43:10765browse
In a recent filing with the US SEC, Asset Manager WisdomTree has asked for the withdrawal of its S-1 filing for a spot Ether exchange-traded fund (ETF).
Asset Manager WisdomTree has filed a recent application with the US SEC to withdraw its S-1 filing for a spot Ether exchange-traded fund (ETF). The application for this product was filed three years ago.
This development follows VanEck’s recent closure of its Ethereum ETF due to lack of demand. Since its launch, this crypto ETF product has recorded large outflows.
Moreover, the price of Ethereum has been bullish with the cryptocurrency currently trading below the $2500 mark. Its market cap ranges between $260 billion and $340 billion on the monthly timeframe.
According to analysts, the price of the Ethereum coin could still increase if it can turn the 50-Day SMA ($2,805.85) resistance into a support area.
Avalanche Developers Announce $9,000 Bounty Competition
In a recent tweet, @AvaxDevelopers announced a $9000 bounty to encourage developers on the Avalanche network. The challenge is for developers to build an Avalanche L1, which uses USDC as the gas and payment token.
This announcement comes as the Avalanche coin battles bearish sentiment in the market. However, the bulls have started an uptrend and could cross the 50-day SMA ($23.96) in the next trading sessions.
The trading volume has even increased on the network. According to data from CoinMarketCap, the trading volume of this cryptocurrency is consolidating between $150 million and $350 million.
Analysts are bullish on the price of Avalanche and expect it to rise to $30 in the coming weeks if it can break past the 50-day SMA.
IntelMarkets Presale Continues to Make Waves in the Crypto Space
According to experts, IntelMarkets (INTL) is a new trading platform that could dominate the crypto trading market. During the first week of the presale, IntelMarkets managed to raise $240k in funding. Now, the upcoming IntelMarkets AI-based trading platform is making waves within the cryptocurrency community.
The first is to launch a flagship self trading bot. Investors can use this bot to monitor price movements and control their portfolios and trades. The good news is that these bots can be trained to achieve optimal performance using data feeds and trading strategies. After being tested by over 1,200 professional traders, the bot also achieved a very high profitability score.
In addition to this, IntelMarkets also provides a range of advanced trading tools that will be beneficial to traders of all experience levels. It includes charting tools, customized indicators, risk management tools, and much more. This platform is set to revolutionize the crypto trading platforms market, which is currently valued at $36.5 billion.
Which Coin Offers the Highest Potential Gains: Ethereum, Avalanche, or IntelMarkets?
Both Ethereum and Avalanche are currently trading in the red zone. The ongoing bear market has impacted their price movements and there doesn’t seem to be a way out until the trend in the broader crypto market changes.
On the other hand, IntelMarkets is performing exceptionally well among the top coins in the market. Despite being in the presale stage, its performance has been outstanding. According to analysts, its price could increase by 11x in the coming months.
Learn More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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