#Ethereum

July 23 marked the debut of spot Ethereum ETFs in the U.S. trading markets. According to data from a Bloomberg terminal screenshot shared by analyst James Seyffart, the total net inflows amounted to approximately $106.8 million, with the overall trading volume surpassing $1.11 billion.

Grayscale launched the Ethereum Mini Trust, offering an introductory zero-fee period (0% commission) for the first 6 months or up to $2 billion. Subsequently, the commission will be 0.15%, the lowest in the market, excluding initial discounts.

In a recent blog post, Ethereum founder Vitalik Buterin addressed the growing trend of endorsing politicians who claim to support the crypto industry. He notes that positive sentiment towards cryptocurrencies is insufficient. Supporting certain crypto advocates in elections might conflict with the cypherpunk values that initially shaped the first crypto communities.

The Attackathon aims to be the first crowdsourced security audit to identify vulnerabilities in Ethereum’s protocol code. This event will be conducted in collaboration with the security firm Immunefi.

A documentary film about Vitalik Buterin, titled Vitalik: An Ethereum Story, is nearing its release after more than three years of production. The feature-length film will be complemented by a series of short films called Ethereum Stories.

According to K33 Research analysts, ETH could outshine BTC once spot Ethereum ETFs are launched. They predict the ETFs will boost ETH's price, while BTC may experience pressure from the Mt. Gox exchange creditors.

Jay Jacobs, BlackRock's Head of Thematic and Active ETFs, explained the primary allure of ETH compared to BTC while presenting the company's spot Ethereum ETF to investors. He emphasized that Bitcoin's main attraction is its scarcity, whereas Ethereum's appeal lies in its versatility.

The structure of upcoming spot Ethereum ETFs in the US is becoming evident. Most issuers are setting initial client discounts that transition into fees between 0.19% and 0.25%.

In a recent note on the company's website, Matt Hougan, Chief Investment Officer of Bitwise, forecasts that inflows into Ethereum-based exchange-traded products (ETPs) could push ETH prices above $5000.

The Celo Foundation, the entity behind the L1 blockchain Celo, has successfully launched the Dango L2 testnet. Developed on the OP stack, Dango is now part of the Optimism Superchain ecosystem, which includes other projects like Base and Zora. The deployment of this L2 blockchain is a key component of the community's plan for migration to Ethereum.