Ethereum

Donald Trump

<ul> 
 <li>Trump’s $2M Ethereum holdings could influence ETH ETF prices amid current outflows and market shifts.</li> 
 <li>BlackRock’s dominance in Bitcoin and Ethereum ETFs marks a pivotal change in the crypto ETF landscape, surpassing Grayscale.</li> 
</ul> 
As <a href="https://www.crypto-news-flash.com/donald-trump-holds-2m-of-ethereum-and-7m-of-trump-can-eth-etf-propel-prices-to-new-ath/">discussed</a> earlier, Donald Trump holds $2M of Ethereum and $7M of <a href="https://www.crypto-news-flash.com/trumps-ethereum-play-millions-invested-can-it-push-price-above-2500/">TRUMP tokens</a>—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. 
<h2 id="strong-nasdaq-proposal-withdrawal-and-trump-s-crypto-holdings-strong">Nasdaq Proposal Withdrawal and Trump’s Crypto Holdings</h2> 
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 <a href="https://www.crypto-news-flash.com/trumps-remarks-trigger-86000-surge-in-value-for-lucky-crypto-traders-ethereum-memecoin-investment-on-chain-data-analysis/">reported</a> 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. 

<div class="cryptoboxes" id="mcw-418525" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="ethereum" data-symbol="ETH" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Ethereum Outlook: Trump’s $2M ETH Holdings and BlackRock ETF Dominance

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