VanEck Ethereum ETF (ETHV)
Company News
MAGACOIN FINANCE, an Ethereum-based cryptocurrency, raised $16 million in its presale, attracting over 15,000 investors amid growing market optimism around potential XRP ETF approval and Ethereum's ecosystem expansion.
An analysis of the top 20 altcoins reveals that a $4,000 investment four years ago would now be worth around $2,840, representing a 30% drop. Only five altcoins have gained value, with Bitcoin and Ethereum leading the crypto market recovery.
Federal Reserve Chair Jerome Powell's dovish speech at Jackson Hole triggered a market rally, with the Dow hitting record highs, small caps surging, and cryptocurrencies experiencing significant gains.
President Trump's plan to include smaller and riskier tokens like Solana, Cardano, and XRP in a U.S. strategic crypto reserve has drawn backlash from bitcoin bulls, who are unhappy about the move.