Ethereum
Why Ethereum is up 1.5% today
Analysis
Ethereum (ETH) rose about 1.5% over the past 24 hours as ETF-related headlines supported sentiment, including news that Trump Media filed to launch Truth Social-branded Bitcoin, Ethereum, and Cronos ETFs, reinforcing expectations of broader mainstream access to crypto exposure (Decrypt). That constructive narrative appeared to outweigh concerns from reports of BlackRock-linked ETF outflows totaling $257 million across Bitcoin and Ethereum (U.Today), helping ETH grind higher despite mixed flow signals.
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.
Ethereum Co-Founder Vitalik Buterin Sounds Alarm on State of Prediction Markets
Vitalik Buterin has questioned the current direction of prediction markets, urging platforms to pivot from short-term speculation toward long-term hedging.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.