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Altcoins on the Rise: Beyond Ethereum and Solana
The cryptocurrency market has been experiencing a significant rally over the past five weeks, with several altcoins outperforming well-known names like Bitcoin, Ethereum, and Solana. According to Börse Online, Virtuals Protocol has emerged as a standout performer among lesser-known cryptocurrencies. This project aims to revolutionize virtual interactions through its AI and Metaverse protocol, achieving an impressive 381% return in just 30 days. Meanwhile, DAO Curve Token represents another intriguing venture; it operates as a decentralized exchange for stablecoins using an automated market maker model.
Ethereum ETFs Gain Momentum Despite Price Lag
Ethereum Exchange Traded Funds (ETFs) have started attracting substantial capital inflows after their introduction in July this year. Block-Builders.de reports that these funds are finally gaining traction despite ETH's price remaining volatile around $4,000—still about 20% below its all-time high of nearly $4,900 from November 2021. The BlackRock-managed ETHA ETF alone saw investments totaling $1.5 billion within sixteen trading sessions recently.
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BlackRock Sees Untapped Potential in Crypto ETFs
A recent analysis by Decentralist.de highlights BlackRock’s optimistic outlook regarding both Bitcoin and Ethereum-focused ETFs. Jay Jacobs from BlackRock emphasized how current demand is merely scratching the surface compared to future possibilities involving institutional investors such as pension funds engaging more actively with crypto assets via established platforms like IBIT or ETHA offered under their management umbrella since early this year.
Crypto Trading Launched at flatexDEGIRO
According to a report by 4investors, the German broker flatexDEGIRO has introduced cryptocurrency trading for its customers, including Bitcoin and Ethereum. The service is initially restricted to the platforms Flatex and ViTrade and will later also be made available to Austrian and Dutch users. This is done within the framework of a cooperation between Tradias for the processing of the trading process itself and Tangany regarding the secure custody of digital assets within wallet solutions provided by the company based in Frankfurt am Main.
Sources:
- Nicht nur Ethereum und Solana: Diese Altcoins gehen jetzt so richtig ab
- Ethereum (ETH) in Gefahr, da Justin Sun 52.905 ETH abheben will
- Ethereum ETFs im Aufwind – aber ETH Preiskurve hinkt Allzeithoch hinterher
- BlackRock: Bisherige Bitcoin und Ethereum Nachfrage erst "die Spitze des Eisbergs"
- flatexDEGIRO startet Krypto-Handel mit Bitcoin, Ethereum und Co.
- Krypto-Wale kaufen ETH: Allzeithoch für Ethereum im Dezember?
