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Ethereum ETF
Week Summary
Technology
  • Earth has captured a temporary 'second moon,' a small asteroid named 2024 PT5, which will orbit until November 2024.
  • Research indicates that larger AI chatbots are increasingly prone to generating incorrect answers, raising concerns about their reliability.
  • Meta's Chief Technical Officer discussed advancements in AR and VR technologies, particularly focusing on the Orion AR glasses.
  • The author reflects on their experience with Rust, proposing several changes to improve the language's usability and safety features.
  • The Tor Project and Tails OS have merged to enhance their efforts in promoting online anonymity and privacy.
  • OpenAI is undergoing leadership changes, with key executives departing amid discussions about restructuring and the company's future direction.
  • Git-absorb
  • The concept of critical mass explains how significant changes occur when a threshold of acceptance is reached, impacting technology and society.
  • WordPress.org has banned WP Engine from accessing its resources due to ongoing legal disputes, raising concerns about security for WP Engine customers.
  • PostgreSQL 17
  • Hotwire Native is a web-first framework that simplifies mobile app development, allowing developers to reuse HTML and CSS across platforms.
  • Radian Aerospace is progressing on a reusable space plane, completing ground tests and aiming for full-scale flights by 2028.
  • A groundbreaking diabetes treatment using reprogrammed stem cells has enabled a patient to produce insulin independently for over a year.
  • Apple is developing a new home accessory that combines features of the iPad, Apple TV, and HomePod, expected to launch in 2025.
  • SpaceX's Starlink service is set to surpass 4 million subscribers, reflecting rapid growth and significant revenue projections.
  • TinyJS is a lightweight JavaScript library that simplifies dynamic HTML element creation and DOM manipulation for developers.
  • SEC delays decision on BlackRock's Ethereum ETF application, with expectations for future approval.

    The SEC has delayed its decision on BlackRock's proposed Ethereum ETF for the second time, indicating that other similar applications from companies like Fidelity, Invesco, and Galaxy Digital could also face delays. The success of the spot Bitcoin ETFs is increasing interest in Ethereum ETFs. The delay was mostly expected. Experts are confident that a decision, likely an approval, will be reached in May.

    Hi Impact
    BlackRock
    Ethereum ETF
    Tuesday, March 5, 2024
  • Coinbase discusses Grayscale's Ethereum ETF with SEC, highlighting Ethereum's resilience to fraud and manipulation.

    Coinbase, America's largest cryptocurrency exchange, recently met with the SEC to discuss Grayscale's proposed Ethereum ETF. Conversion of Grayscale's Ethereum Trust into a spot ETH ETF would allow investors to access spot Ethereum exposure directly through their normal brokerage accounts. According to documents filed with the regulator, the presentation covered possible market manipulation and described Ethereum as resilient to fraud and manipulation.

    Hi Impact
    CoinbaseEthereum ETFRegulation
  • Grayscale's Ethereum ETF may face significant outflows.

    Grayscale's new Ethereum ETF might see large outflows (~$110 million daily in its first month) if its Ethereum ETF mimics its Bitcoin ETF's performance.

    Hi Impact
    GrayscaleEthereum ETF
  • Spot Ethereum ETFs expected to start trading by July 2, according to Bloomberg analyst Eric Balchunas.

    Bloomberg ETF analyst Eric Balchunas has moved up his over/under date for the ETH ETF launch to July 2nd. He cites the SEC's minimal comments on S-1 applications and its presumed desire to finish work before July 4th.

    Hi Impact
    BloombergEthereum ETFEric BalchunasCryptocurrency
  • Analysis questions the potential impact of an Ethereum ETF.

    Bitcoin and Ethereum have had similar returns since the cycle bottom, raising questions about whether an ETF would provide much upside. After accounting for GBTC rotations and conversions of spot BTC to ETF, the total true net buying inflow from the BTC ETFs was $5B, which implies $0.84B in net buying for ETH based on analysis. Crypto natives' expectations for the ETF are overinflated, as Bitcoin has a better mind share within institutional investment circles while selling ETH as a tech asset is more difficult.

    Md Impact
    Ethereum ETF
    crypto investments
  • BlackRock and Nasdaq propose SEC listing for options on spot Ethereum ETF.

    BlackRock and Nasdaq have submitted a proposal to the SEC to list and trade options for the iShares Eth Trust (BlackRock's spot Eth etf), aiming to provide investors with cost-effective tools for exposure and hedging related to eth.

    Hi Impact
    BlackRock
    Nasdaq
    Ethereum ETF
Month Summary
Technology
  • OpenAI is considering a new subscription model for its upcoming AI product, Strawberry, while also restructuring for better financial backing.
  • Telegram founder
  • The startup landscape is shifting towards more tech-intensive ventures, with a focus on specialized research and higher capital requirements.
  • Boom Supersonic's XB-1 demonstrator aircraft successfully completed its second flight, testing new systems for future supersonic travel.
  • announced the uncrewed return of Boeing's Starliner, with future crewed missions planned for 2025.
  • OpenAI's SearchGPT aims to compete with Google Search by providing AI-driven information retrieval, though it currently faces accuracy issues.
  • Tesla is preparing to unveil its autonomous robotaxi technology at an event in Los Angeles, indicating ongoing challenges in achieving full autonomy.
  • The US Department of Justice is investigating Nvidia for potential antitrust violations related to its AI chip market dominance.
  • Apple plans to use OLED screens in all iPhone 16 models, moving away from Japanese suppliers and introducing new AI features.
  • Amazon S3 has introduced conditional writes to prevent overwriting existing objects, simplifying data updates for developers.
  • Chinese scientists have developed a hydrogel that shows promise in treating osteoarthritis by restoring cartilage lubrication.
  • Nvidia's CEO is working to position the Nvidia as a comprehensive provider for data center needs, amidst growing competition from AMD and Intel.
  • OpenAI
  • Nvidia Blackwell
  • Amazon is set to release a revamped Alexa voice assistant in October, powered by AI models from Anthropic's Claude, and will be offered as a paid subscription service.