ChainCatcher news, according to Bitcoin.com, asset management company Grayscale met with the SEC's crypto working group on April 21 to apply for permission to stake its Ethereum ETF (ETHE and ETH). The company stated that due to regulatory restrictions, its managed assets of $8.1 billion have missed out on approximately $61 million in potential earnings from the product's launch until February 2025.Grayscale presented three arguments:Similar products in Europe and Canada have successfully implemented staking;Staking can enhance the security of the Ethereum network;A risk control plan has been established, including a "liquidity reserve."Coinbase Custody will provide technical support to mitigate the risk of forfeiture. Currently, U.S. spot Ethereum exchange-traded products (ETPs) cannot fully reflect the value of the underlying assets due to the ban on staking. Grayscale urges the SEC to update regulatory rules in line with traditional financial products.

ChainCatcher news, 21.co strategy analyst Tom Wan posted that the current market cap ratio of BTC to ETH is 4.5:1, while the AUM (Assets Under Management) ratio for ETFs is as high as 9:1. BTC ETF holdings account for 5.9% of the total supply, while ETH ETF is only 2.9%, indicating that there is still significant growth potential for ETH ETFs. By 2025, it may catch up, potentially driving up the price of ETH.

ChainCatcher news, CF Benchmarks indicates that investment advisors may replace hedge funds next year as the largest holders of U.S. listed spot Bitcoin (BTC) exchange-traded funds (ETFs). The company predicts that by 2025, investment advisors' share in the BTC and ETH ETF market will exceed 50%.CF Benchmarks stated in its annual report: "We expect that the allocation of investment advisors to these two assets will exceed 50%, as the $88 trillion U.S. wealth management industry begins to embrace these tools, with net inflows surpassing the record $40 billion set in 2024."

ChainCatcher news, according to data from Kaiko Research, the price of Ethereum (ETH) recently reached an annual high of $4000. Although it briefly outperformed Bitcoin (BTC) after the U.S. elections, ETH has yet to test its historical high of around $5000 from 2021.However, last weekend, the price of ETH stabilized around $4000, indicating that it may be poised to test a new price range. The rise in ETH prices coincides with a resurgence of market interest in ETH ETFs, which set a record for historical fund inflows last week. Institutional investors have shown a significant increase in interest in ETH and are optimistic about potential returns in 2025.Additionally, changes in the leadership of the U.S. Securities and Exchange Commission (SEC) may further drive market demand, with ETH potentially being a significant beneficiary of this change.

ChainCatcher news, according to K33 Research data, the VolatilityShares 2x Long Ethereum ETF's ETH equivalent holdings have significantly increased. From 106,750 ETH on November 5 to 384,900 ETH on November 27, a net increase of 278,150 ETH, representing a growth of 160%.K33 Research's research director Vetle Lunde pointed out that the ETF's current holdings now account for 50.1% of the Chicago Mercantile Exchange (CME) Ethereum futures open interest, indicating a sustained increase in investor demand for leveraged Ethereum exposure in recent weeks.

ChainCatcher message, according to SoSoValue data, yesterday (Eastern Time November 5) the total net outflow of Ethereum spot ETF was $0.00.Yesterday, Grayscale Ethereum Trust ETF ETHE had a net outflow of $0.00 for the day, and the historical net outflow of ETHE is currently $3.142 billion. Grayscale Ethereum Mini Trust ETF ETH had a net outflow of $0.00 for the day, and the historical total net inflow of Grayscale Ethereum Mini Trust ETH is currently $271 million.As of the time of publication, the total net asset value of the Ethereum spot ETF is $6.639 billion, with an ETF net asset ratio (market cap as a percentage of total Ethereum market cap) reaching 2.27%, and the historical cumulative net outflow has reached $555 million.

ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform stating that this week is a macro big week, with the core focus being on Friday's U.S. unemployment rate and non-farm data. After a period of silence, the macro market is making a comeback, with important macro events occurring every weekday.In terms of cryptocurrency, the SEC is likely to respond to the ETH ETF this week. Although the chances of direct approval are low, positive news is highly probable. The quarterly settlement has just ended, and implied volatility (IV) across major maturities is quite low, making it a good opportunity to build positions.Regarding the outlook for the cryptocurrency market, the cryptocurrency market has experienced a tough month. Since entering a correction in mid-March this year, BTC and ETH have mostly been in a downward oscillation, and the crypto market is relatively sluggish. Currently, overall IV is at a low level, and the margin released from the quarterly settlement will gradually return to the market.As for the cryptocurrency interest rate market, the Bitfinex interest rate market is relatively quiet, with occasional good interest rate orders. Suitable interest rate orders can be actively executed.Key events this week:7/1 MondayU.S. June ISM Manufacturing PMI7/2 TuesdayFederal Reserve Chairman Powell, European Central Bank President Lagarde, and Brazilian Central Bank President Neto will speak at the central bank forum held by the European Central Bank.Reserve Bank of Australia releases minutes from the June monetary policy meeting.7/3 WednesdayU.S. June ADP Employment ChangeU.S. Initial Jobless Claims for the week7/4 ThursdayFederal Reserve releases minutes from the monetary policy meeting.General election in the UK.European Central Bank releases minutes from the June monetary policy meeting.U.S. SEC may approve the Ethereum spot ETF as early as today.7/5 FridayU.S. June Unemployment RateU.S. June Non-Farm Payrolls

ChainCatcher news, Deribit Asia Pacific Business Head Lin stated on social media that after the launch of the BTC ETF, it actually declined for 2 weeks before officially entering an upward channel. It is highly likely that after the launch of the ETH ETF, there will also be a short-term surge followed by a pullback.

ChainCatcher news, according to DLNews, Bloomberg industry research ETF analyst James Seyffart stated that Hashdex's application for a dual ETF for BTC and ETH is "very significant." If the U.S. SEC decides to approve it, the terms included in the application will also allow Hashdex to add other cryptocurrencies to the fund in the future, transforming it into a cryptocurrency index.It is reported that Hashdex already has DeFi index funds, Web3 index funds, and metaverse index funds, each containing at least a dozen cryptocurrencies. According to relevant procedures, the SEC must respond to the dual fund application by March 2025.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that SEC Chairman Gary Gensler stated that the next step for ETH ETF approval "will take some time," which may indicate that the S-1 approval process could proceed slowly.

ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that the key macro events to focus on this week are the U.S. unemployment rate and non-farm data on Friday. The approval of the ETH ETF is expected to happen as early as the end of this month, and investors need to pay attention to related news. Currently, the implied volatility (IV) is rapidly declining, indicating lower expected volatility, but once news of the ETF approval is revealed, off-market funds will quickly drive up the ETH price.The volatility brought by the ETH ETF has completely subsided, and the market has returned to a sideways trend, with ETH still leading the entire cryptocurrency market. The market's volatility expectations are low, and the IV for major terms continues to decline, with only the current month's ETH IV slightly higher, mainly due to the expectation of ETF approval at the end of this month.In the crypto interest rate market, Bitfinex spot whales have begun to consistently bottom-fish, and the green leaf interest rate market often encounters orders with an annualized rate of 20%.Key events this week:6/5 WednesdayU.S. ADP employment change for MayBank of Canada interest rate decisionFTX creditors' committee: assessing the restructuring plan and disclosure statement, objections to the disclosure statement must be submitted by June 56/6 ThursdayEurozone European Central Bank main refinancing rateU.S. initial jobless claims for the week6/7 FridayU.S. unemployment rate for MayU.S. seasonally adjusted non-farm payrolls for May