Ethereum

2024

<p>The post <a href="https://coinpedia.org/press-release/new-erc-20-token-wiener-ai-backed-to-100x/" rel="noopener noreferrer nofollow">Bullish First Day for Ethereum ETF Inflows – Could This Upcoming ERC-20 Listing Benefit?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Ethereum ETFs are gaining momentum after launching on Tuesday, and analysts think this could be massive for Ether’s long-term success.</p>
<p>In perfect timing, the new ERC-20 token WienerAI is closing out its presale and is set to make its exchange debut.&nbsp;</p>
<h2 class="wp-block-heading" id="h-eth-etfs-reshuffling-but-analyst-brace-for-long-term-gains">ETH ETFs Reshuffling But Analyst Brace For Long-Term Gains</h2>
<p>There is a lot of trading activity around the Ethereum ETFs.&nbsp;</p>
<p>Over $107 million in net inflows came on the opening day.</p>
<p>Trading volume on Tuesday toppled every other ETF launch in the past year except Bitcoin’s.</p>
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   <p lang="en" dir="ltr">I was curious how the Eth ETFs would rank in Day One volume vs all 600 or so new launches in the past 12mo but *excluding* the btc ETFs and <a href="https://twitter.com/search?q=%24ETHA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETHA</a> would be #1 (by a lot), <a href="https://twitter.com/search?q=%24FETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FETH</a> #2, <a href="https://twitter.com/search?q=%24ETHW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETHW</a> #5 and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> 7th, and <a href="https://twitter.com/search?q=%24ETHV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETHV</a> in 13th spot. And <a href="https://twitter.com/search?q=%24CETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$CETH</a>, which was lowest among group, would still… <a href="https://t.co/qXJFcuupi5" rel="noopener noreferrer nofollow">pic.twitter.com/qXJFcuupi5</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1815879736217784441?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2024</a>
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<p>And ETF analyst Eric Balchunas also highlighted that the second day of ETF volume was neck-and-neck with its debut.</p>
<p>According to Balchunas, this is a positive sign and indicates a sustainable interest in the asset from Wall Street.</p>
<p>“ETH ETFs did about as much or even a little more volume than yesterday. That’s a good sign as a lot of times there’s a sizable dropoff after hyped-up day one,” he wrote.</p>
<p>However, it’s not all good news. A significant portion of the trading volume comes from Grayscale, which converted its Ethereum fund into an ETF.</p>
<p>This enables investors to sell more easily, which has led to substantial selling pressure.</p>
<p>On the opening day, Grayscale’s ETHE saw $484 million in outflows.</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="503" src="https://image.coinpedia.org/wp-content/uploads/2024/07/25165252/image-546-1024x503.png" alt="outflows" class="wp-image-331199" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/25165252/image-546-1024x503.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/25165252/image-546-300x147.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/25165252/image-546-768x377.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/25165252/image-546-150x74.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/25165252/image-546.png 1194w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>While the daily ETF inflows covered that, Balchunas worries that they may not be able to sustainably absorb such strong selling pressure.</p>
<p>However, he says it’s good to get it out the way early.&nbsp;</p>
<p>Bitcoin ETFs exemplified this. The BTC price soared after Grayscale stopped selling.&nbsp;</p>
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   <p lang="en" dir="ltr">Damn. That’s a lot. Like 5% of the fund. Not sure The Eight newbies can offset w inflows at this magnitude. On flip side maybe its for best to just get it over with fast, like ripping a band aid off <a href="https://t.co/MCxGmRGAdr" rel="noopener noreferrer nofollow">https://t.co/MCxGmRGAdr</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1815890742457278751?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2024</a>
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<p>Prominent analyst Jelle compared Ethereum’s current price action to Bitcoin’s post-ETF.</p>
<p>He says the ETFs will be bullish in the long term even if ETH faces a headwind in its opening weeks of presale.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> since the ETF launch, and how <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> performed since the ETF launch.<br><br>Even if it keeps facing headwind in the first weeks, the ETF should be a long-term benefit to ETH price.<br><br>Be patient. <a href="https://t.co/I4pNO8nyPs" rel="noopener noreferrer nofollow">pic.twitter.com/I4pNO8nyPs</a></p>— Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1816373643045159208?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
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<p>Meanwhile, Moonrock Capital founder Simon Dedic <a href="https://x.com/scoinaldo/status/1816201794990600230" target="_blank" rel="noopener noreferrer nofollow">speculates</a> that “Once Grayscale is done dumping, we will have an incredible run, followed by the biggest alt season ever.”</p>
<p>With Wall Street liquidity flowing directly into the altcoin market, it’s an exciting time for traders.</p>
<p>Once the Grayscale selling stops, millions of dollars could flow into altcoins daily.</p>
<p>And as investors look to maximize their returns, this liquidity will trickle into smaller altcoins.</p>
<p>One of the projects that could benefit the most is the new AI meme coin, WienerAI.</p>
<p>After raising $7 million, the project is preparing to launch on exchanges.</p>
<h2 class="wp-block-heading" id="h-new-erc-20-token-wienerai-backed-to-100x-last-chance-to-buy-at-presale">New ERC-20 Token WienerAI Backed to 100X – Last Chance to Buy at Presale&nbsp;</h2>
<p><a href="https://coinpedia.care/b_wienerdogai-en_80538?referrer=bullish-first-day-for-ethereum-etf-inflows-%E2%80%93-could-this-upcoming-erc-20-listing-benefit" target="_blank" rel="noopener noreferrer nofollow">WienerAI</a> is unlike anything else on the market.</p>
<p>It’s blending the viral allure of meme coins with the groundbreaking utility of AI.</p>
<p>The project is building an AI-powered trading bot.</p>
<p>You can ask it questions, lay out trading criteria, execute trades, and track active and past transactions.</p>
<p>It’s the first of its kind.</p>
<p>Before WienerAI, Bonk created a trading bot but it doesn’t have AI capabilities.</p>
<p>WienerAI’s AI chatbot makes it more like ChatGPT for trading.</p>
<p>Then you have staking with WienerAI. The feature is already live and provides a 142% APY.</p>
<p>Analysts are singing praises for the new token.</p>
<p>Jacob Bury invested $6K into the presale and anticipates a 100x return. If accurate, that would turn his investment into a jaw-dropping $600K.</p>
<p>The analyst pointed to its long-term roadmap and meme coin allure as the main reasons for its potential.</p>
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<p>Currently, investors can snag WienerAI for $0.00073.&nbsp;</p>
<p>However, the presale ends in six days, and then the token will launch on decentralized exchanges.</p>
<p>And with Ethereum set to rally, there’s no better time to buy $WAI.</p>
<p><a href="https://coinpedia.care/b_wienerdogai-en_80538?referrer=bullish-first-day-for-ethereum-etf-inflows-%E2%80%93-could-this-upcoming-erc-20-listing-benefit" target="_blank" rel="noopener noreferrer nofollow"><strong>Visit WienerAI Presale</strong></a></p>

Bullish First Day for Ethereum ETF Inflows – Could This Upcoming ERC-20 Listing Benefit?

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