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How Did ETFs Perform?
Published on July 24, 2024

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NEED TO KNOW
Mt. Gox Mt. Gox Floodgates Open
  1. 🌊 Mt. Gox Creditor Floodgates Are Opening. With Kraken Kraken already beginning distributions, Bitstamp Bitstamp is close behind.
    Read more on Bankless.com
  2. ⚛️ Proton Mail Maker Debuts Bitcoin Bitcoin Wallet. Proton has launched early access to its self-custody Proton Wallet.
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  3. 🏦 Coinbase Coinbase Reportedly Planning Tokenized Money-Market Fund. The exchange has its own plans to enter the hot sector.
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MARKET VIBES
Stocks Flop

📸 Daily Market Snapshot: Just as Ethereum Ethereum makes its spot ETF debut on Wall Street, stock markets are facing some problems. Today, the S&P500 closed down more than 2%, ending a 356-day streak of staying above that marker. More than $1.1 trillion in value was erased from the U.S. stock market.

Prices as of 6pm ET 24hr 7d
Crypto $2.37T ↘1.3% ↗0.8%
BTC $65,584 ↘0.4% ↗2.0%
ETH $3,335 ↘3.5% ↘2.0%
SNX $1.70 ↘2.9% ↘12.3%

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New Token Rating: Synthetix has bounced off its July 4th bottom but remains an underperformer over the past month. Can SNX turn it around in the months to come?
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ANALYSIS
Did ETH ETF Debut Meet Expectations?
Bankless Author: Jack Inabinet

Spot Ethereum ETFs Ethereum ETFs have completed one full day of trading, leaving one question on everyone's minds: how did these products perform?

While many were disappointed that ETH price was fairly stagnant on launch day, trading within a relatively tight 5% range and closing the day practically flat, all things considered, the launch of these products could have been much worse.

See how we grade the first day's performance 👇

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LATEST POD
The $ETH ETF Launch

The Ether spot ETF has officially started trading, marking a landmark day for Ethereum and crypto as a whole.

David went live with Bloomberg ETF maven Eric Balchunas to discuss the magnitude of this moment and what it means for Ether the asset and the entire crypto industry. This is a big deal and we're stoked to be sharing this moment with the Bankless Nation.

Hear all of their analysis! 👇

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