Price changes and liquidity issues for FBTC make many investors concerned about the ETF’s volatility.
Even after the Merge, EthereumPoW continues to have stable usage and retains its original purpose, catching investors’ attention for ETF speculation.
The rise in EZETH trading volume by 92% suggests that a bigger number of users want to restake their assets before the upcoming ETF rounds.
ETF boards are expected to approve more crypto ETFs, certain cryptocurrencies are being examined for possible inclusion in these funds. Analysts think that certain altcoins with their own set of features or purposes will likely grow in price even before official ETF news is unveiled. In particular, Function (FBTC), EthereumPoW (ETHW), Renzo Restaked ETH (EZETH), and ETHA Lend (ETHA) have come to the fore. Different types of crypto assets operate in different parts of the industry and have their unique levels of risk and how they respond in the market.
FBTC Still Has Liquidity Issues in Spite of Its High Value
Currently, Function’s price is $105,948.62, and there has been no major change in the last 24 hours. The price of the asset went above $112,000 briefly before returning to its previous point. Even with the changing prices, the amount of cryptocurrency being traded dropped by 52%, showing that there were not many people involved in trading. Apart from its wide range of products, the company’s estimated value raises concerns since the total market value is high, while it has only a few tokens, constituting only 817.44 FBTC in circulation.
Source: CoinMarketcap
There are only 21 million Dogecoin tokens in total; however, the quantity in circulation remains very low. There are only 687 people with FBTC, making it less adopted by the public. Given that the price of the asset goes up or down fast on the daily charts, this could signal that it might be manipulated or not heavily traded, placing difficulties in considering it for ETF exposure. Yet, popular tokens tied to Bitcoin are commonly desired by large investors, which might cause more people to pay attention to the possibilities of Bitcoin-related ETFs.
EthereumPoW (ETHW) went up after trading activity improved.
The current ETHW price is $1.42, and this is a 0.80% daily rise. During the first half of the day, XRP slipped down toward $1.39, but later picked up with positive moves and rose to $1.45. It is enjoying support from a 24-hour volume of $7.56 million, down a little by 3.19%. Even though there are 107.81 million ETHW in circulation, compared to the total amount, the asset has no defined maximum total.
Source: CoinMarketcap
ETHW should be considered in ETF talks because it is a continuation of Ethereum’s old proof-of-work framework. After switching to proof-of-stake, ETHW found a community of users who still use old consensus methods. ETH has a solid level of liquidity since the token’s volume-to-market cap ratio is 4.91%, and any developments in ETFs that focus on alternative versions of Ethereum could bring more value to ETH.
EZETH Token is seeing a boost in trading as the markets are volatile.
Renzo Restaked ETH (EZETH) has declined by 0.61% in the past day and can currently be bought for $2,638. The activity level in the token increased, as its volume rose 92.12% to $583.7 million. The supply of EZETH in circulation is 319.61K , with both the market cap and fully-diluted valuation at $842.73 million as of now. There are ups and downs seen in the price chart for the day, including a decrease under $2,630 and a quick rise past $2,660.
Source: CoinMarketcap
Being part of the restaking world, EZETH provides users with a way to gain more profit by supporting the security of Ethereum-based projects. As a result, EZETH may be chosen for future ETH-based ETF baskets that want an element of restaking. Even though its ratio is still fairly low, a quick increase in daily trading shows that more traders are interested, probably in reaction to changes happening in the Ethereum staking field.
ETHA Lend (ETHA) Is Still Lacking Interest from Traders
At present, the price of ETHA Lend (ETHA) is $0.0008498, which is up by 0.12% from yesterday. The market cap of the token is $7,950 and it has a fully diluted valuation of $25,490, given that its total and max supply is 30 million ETHA. Yet, Outpt token’s monthly release of coins is only available for 9.35 million. For the last day, ETHA has had no recorded trading volume, demonstrating that few people are involved and there is almost no liquidity.
Source: CoinMarketcap
The project’s TVL worth $13,550 reflects a market cap to TVL ratio of 0.5867. Even so, no one is buying much of the shares, and the price is mostly flat, which could be a sign of little interest now. The community that ETHA started with appears to be small but in the beginning has been very involved. As long as there are no major developments or updates about integration, cryptocurrencies will remain speculative. Yet, looking into small-cap DeFi protocols could spark a rise in interest for those who are not paying close attention.
Given the growing anticipation for next round ETF approvals, unique and niche cryptocurrencies could be among the early gainers. Although ETF inclusion is not predictable by looking at available data alone, changes in market liquidity and surprising high volumes could hint at some short-term possibilities.
