EthFinance

EthFinance

Welcome to /EthFinance, a decentralized alternative to Reddit's EthFinance for Ethereum investors, traders, users, devs, etc. with a focus on the market, price action, tokenomics, use cases, DeFi products, and more broadly all things finance-related.

evmlion pfp

I was convinced that prediction markets would be a thing in 2018 I was betting on Augur and had heavy REP bags In 2024 polymarket is finally getting some traction Just to give you an idea how long it can take for things to play out

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abrikos 🎩 pfp

Life comes at you fast. I always felt Andrew Left was a scammer. Today, he is being sued by the SEC for scamming people. As a reminder, Andrew Left is the head of Citron research which called ETH and crypto in general a fraud. Turns out he was the fraud. https://x.com/SECGov/status/1816814646138946030?s=19

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Manator.eth 🎩🍖💊🍓 pfp

Manator.eth 🎩🍖💊🍓

Besides Grayscale outflows (🤬 Barry), Mt Gox the Yen revival seems to be the major driver behind the equities and crypto sell-off‼️ Why do people always need to gamble with leverage⁉️🤷‍♂️ https://www.bloomberg.com/news/articles/2024-07-25/yen-s-sudden-gain-sparks-widespread-liquidation-across-markets/

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evmlion pfp

Solana is not Ethereum's competitor. The market cap of SOL is so small that it is not significant for the price of ETH People tend to forget that in the small bubble that crypto Twitter is A rotation out of Nasdaq into ETH is what will lift the price eventually

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Manator.eth 🎩🍖💊🍓 pfp

Manator.eth 🎩🍖💊🍓

ETH price is down", "ETH ETF is a failure". How is ETH ETF performing⁉️ To benchmark, let's compare it with BTC ETF debut. Day 1 trading volume: - BTC: $4.7b - ETH: $1b ➡️ ETH/BTC trading volume: 23%. Day 1 net inflow: - BTC: $655m - ETH: $107m ➡️ ETH/BTC net inflow: 16% Day 1 Grayscale outflow: - GBTC: $100m - ETHE: $484m ➡️ ETH/BTC Grayscale outflow: 484% 🤯 BTC ETF triggered a -20% drop in BTC spot price in a week timeframe. ETH ETF currently records a -1% drop in ETH price in its first 2 days. At the same time, ETH Grayscale outflows have been 5x higher than BTC outflows for the same period. Relative to BTC price action, ETH is performing exceedingly well, with Grayscale outflows fully absorbed. Once Grayscale outflows starts slowing, BTC went up 92% in less than 2 mths. With ETH supply on exchange at all time low, and reflectiveness in supply (EIP-1559), expect price movements to be more drastic. TLDR: ETH much much higher. https://x.com/fabdarice/status/1816165001109069929

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Manator.eth 🎩🍖💊🍓 pfp

Manator.eth 🎩🍖💊🍓

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 1. The price action today is a combination of Grayscale outflows (similar to BTC launch), Mt Gox and Nasdaq nuking‼️ https://www.theblock.co/amp/post/307320/spot-ethereum-etfs-generate-937-million-in-volume-in-second-day-of-trading

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evmlion pfp

Intothecryptoverse trying to give you lessons about BTC dominance with prior data when no ETF was launched. There are certain events that do change market structure

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Aram Mughalyan.eth pfp

Aram Mughalyan.eth

ETH vs SOL. Who wins? 😂

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Manator.eth 🎩🍖💊🍓 pfp

Manator.eth 🎩🍖💊🍓

90 minutes in, and now including ETHE 👀: $320M in volumes for ETH ETFs vs. $610M for Bitcoin. This is more than 50%, which is quite high compared to expectations of 20-30% at most. Ex out ETHE and the total is $187M or 31%. Lots of longs just got added a few minutes ago, let’s see where it goes from here‼️ https://x.com/matthew_sigel/status/1815765045264920594

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abrikos 🎩 pfp

Just take a moment and reflect on today's launch of ETFs. Just a few years ago most people thought ethereum is just another scam coin with no value. Today it is traded in the biggest and most important financial market in the world. ETH is now validated as a legitimate asset class. We were right all along. Don't let anyone call you lucky. You were smart and lucky.

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Dray11 pfp

With the ETH ETFs about to launch and $10k ETH on the horizon I'm just going to leave this here.... https://opensea.io/collection/crypto-pizzaa-degen-collection?tab=items

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Benido🎩 pfp

I am the worst trader you know, but we are dumping with the launch. What a surprise! It doesn’t matter, cause soon this coin will be in up only mode and melting faces.

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Benido🎩 pfp

Happy ETF day We did it, Frens!

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Manator.eth 🎩🍖💊🍓 pfp

Manator.eth 🎩🍖💊🍓

ETH Held on Centralized Exchange Reserves Drops to 8-Year Low With ETFs Set to Begin Trading Tomorrow 🚀 https://unchainedcrypto.com/eth-held-in-exchange-reserves-drops-to-8-year-low-with-etfs-set-to-begin-trading/

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Manator.eth 🎩🍖💊🍓 pfp

Manator.eth 🎩🍖💊🍓

Bitwise spot Ethereum ETF webpage is now *live*:

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