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Ethereum Consolidates Below $4,000 After SEC Approves ETF Redemptions

Regulatory approval for in-kind ETF redemptions has added clarity for institutional investors

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Overview

  • Ethereum is trading around $3,800, holding support just under the $3,840–$4,000 resistance zone following a 60% surge this month
  • ot ETETH ETFs drew over $5.4 billion in July inflows, with BlackRock’s iShares Ethereum ETF now holding more than 3 million ETH
  • The U.S. SEC’s green light on in-kind creations and redemptions for Ethereum ETFs enhances capital efficiency for large investors
  • On-chain data show whale wallets accumulated upwards of $4 billion in ETH during July, underscoring buy-side confidence
  • Myriad Markets assign roughly 64% odds that ETH will exceed its November 2021 all-time high by December 31, 2025