Ethereum
Why Ethereum is up 2.6% today
Analysis
Ethereum (ETH) rose 2.6% over the past 24 hours as traders reacted to ETF-related headlines that may have improved sentiment around future institutional access. Decrypt reported that Trump Media filed to launch Truth Social-branded ETFs that include exposure to Bitcoin and Ethereum, keeping ETF demand narratives in focus.
Contributing Factors (3)
$257 Million in Bitcoin and Ethereum Sold by BlackRock
BlackRock has sent another $257 million in BTC and ETH to Coinbase amid market rebound.
Trump Media Files to Launch Truth Social-Branded Bitcoin, Ethereum, Cronos ETFs
Truth Social Funds applied for ETFs that would give investors exposure to crypto—one focused on Bitcoin and Ethereum, the other on Cronos.
Wallet tied to $200M Mixin Network hack moves ETH after over two years of dormancy: onchain data
Over two years after stealing $200 million from Mixin Network, an onchain hacker has deposited illict funds on Tornado Cash and sold ETH.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.