Fenwick & West moved to dismiss an amended class-action claim tied to the FTX collapse, arguing the proposed update relies on stale, misleading allegations and that the law firm provided
COINOTAG News (Aug 28) reports that, per Onchain Lens monitoring, the wallet qianbaidu.eth deposited $5.72 million into Hyperliquid and purchased 81,572.11 HYPE for roughly $3.94 million, as recorded on-chain. The
BitcoinWorld Spot Ethereum ETFs: Goldman Sachs’ Staggering $721M Investment Signals Major Shift The world of traditional finance is buzzing with a remarkable development: global investment giant Goldman Sachs has made a significant foray into the digital asset space. Reports confirm that Goldman Sachs now holds an astounding $721 million in spot Ethereum ETFs , marking the largest institutional position recorded to date. This bold move signals a powerful shift in how established financial players view cryptocurrency, particularly Ethereum. Goldman Sachs Leads the Charge in Spot Ethereum ETFs Recent U.S. 13F securities filings, brought to light by Cointelegraph via X, reveal Goldman Sachs’ substantial commitment to the Ethereum ecosystem. Their $721 million holding in spot Ethereum ETFs isn’t just a large number; it positions them as the leading institutional investor in this nascent yet rapidly growing sector. This kind of investment from a titan like Goldman Sachs lends immense credibility to Ethereum as a legitimate asset class. For those unfamiliar, 13F filings are mandatory quarterly reports filed by institutional investment managers with the U.S. Securities and Exchange Commission (SEC). These filings disclose their equity holdings, offering a transparent look into the strategies of major financial entities. The fact that Goldman Sachs’ holdings are now public knowledge underscores the increasing mainstream acceptance of digital assets. Why Are Institutions Embracing Spot Ethereum ETFs? The appeal of spot Ethereum ETFs for institutional investors is multi-faceted. These exchange-traded funds offer a regulated and accessible way for large financial firms to gain exposure to Ethereum’s price movements without directly holding the underlying cryptocurrency. This bypasses many of the operational complexities and regulatory uncertainties associated with direct crypto ownership, such as secure storage, compliance, and direct market access. Key benefits for institutional adoption include: Regulated Access: ETFs operate within established financial frameworks, providing a familiar and compliant investment vehicle. Liquidity: Trading on traditional exchanges offers superior liquidity compared to some direct crypto markets. Diversification: Adding Ethereum exposure allows institutions to diversify their portfolios beyond traditional assets. Ease of Management: ETFs simplify the investment process, reducing the burden of self-custody and technical challenges. Moreover, the approval and trading of these ETFs signify a growing maturity in the crypto market, providing a bridge between traditional finance and the digital economy. Beyond Goldman Sachs: Other Major Players in Ethereum ETFs While Goldman Sachs holds the top spot, they are certainly not alone in recognizing the potential of spot Ethereum ETFs . Other significant institutional players are also making their mark: Jane Street: This prominent quantitative trading firm holds a notable $190 million in spot Ethereum ETFs. Millennium Management: Another major hedge fund, Millennium Management, has invested $186 million in these same ETFs. These substantial investments from multiple reputable firms highlight a broader trend. It indicates a collective institutional confidence in Ethereum’s long-term value proposition and its role in the evolving digital landscape. The collective interest from such diverse and influential financial entities suggests that institutional adoption of cryptocurrencies, especially Ethereum, is accelerating. What Does This Mean for the Future of Crypto? The significant institutional interest in spot Ethereum ETFs carries profound implications for the entire cryptocurrency market. This influx of capital from major financial institutions can lead to: Increased Liquidity: More institutional money generally means deeper markets and greater trading volumes. Market Validation: Endorsement from firms like Goldman Sachs adds legitimacy and can attract further mainstream investment. Price Stability: Large, long-term institutional holdings can potentially contribute to greater price stability over time, reducing extreme volatility. Regulatory Clarity: The demand from institutions often pushes regulators towards developing clearer frameworks, which benefits the entire ecosystem. However, it is also important to consider potential challenges, such as increased market correlation with traditional assets and the ongoing need for robust regulatory oversight. Investors should always conduct their own research and consider the inherent volatility of the crypto market. In conclusion, Goldman Sachs’ monumental $721 million investment in spot Ethereum ETFs, alongside other major players, underscores a pivotal moment for the cryptocurrency market. This move not only validates Ethereum as a serious investment asset but also accelerates its integration into mainstream finance. The future looks increasingly intertwined for traditional financial powerhouses and the innovative world of digital assets, with spot Ethereum ETFs acting as a crucial bridge. Frequently Asked Questions (FAQs) What are spot Ethereum ETFs? Spot Ethereum ETFs are exchange-traded funds that directly hold Ethereum, allowing investors to gain exposure to its price movements without needing to buy and store the cryptocurrency themselves. Why is Goldman Sachs’ investment in spot Ethereum ETFs significant? Goldman Sachs’ $721 million holding is the largest among institutional investors, signaling strong confidence from a major global investment bank in Ethereum as a legitimate asset and accelerating its integration into mainstream finance. Which other institutions are investing in Ethereum ETFs? Notable institutional holders include Jane Street with $190 million and Millennium Management with $186 million, indicating a broader trend of institutional adoption. How do spot Ethereum ETFs benefit institutional investors? These ETFs offer regulated access, enhanced liquidity, portfolio diversification, and ease of management, simplifying the process of investing in Ethereum compared to direct crypto holdings. What are the potential impacts of this institutional adoption on the crypto market? Increased institutional investment can lead to greater market liquidity, validation of crypto assets, potential price stability, and a push for clearer regulatory frameworks within the broader cryptocurrency ecosystem. Did you find this analysis of institutional investment in spot Ethereum ETFs insightful? Share this article with your network on social media to spread awareness about the evolving landscape of traditional finance and digital assets! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption. This post Spot Ethereum ETFs: Goldman Sachs’ Staggering $721M Investment Signals Major Shift first appeared on BitcoinWorld and is written by Editorial Team
Fenwick & West, a law firm once contracted by FTX, has asked a judge to toss a proposed lawsuit that claims it was key to the exchange’s fraud.
BitcoinWorld The Sandbox Undergoes Drastic Restructuring: 50% Staff Cut, Founders Exit Significant news has just emerged from the metaverse giant, The Sandbox , signaling a pivotal moment for the platform. The company is embarking on a major organizational restructuring, which includes substantial workforce reductions and a significant shift in its leadership structure. This move marks a critical juncture for one of the most prominent players in the Web3 space. What’s Happening at The Sandbox ? The Sandbox is undergoing a comprehensive overhaul, impacting its operational framework and personnel. The most immediate and striking change involves a 50% reduction in its workforce. This decision reflects a strategic pivot, aiming to streamline operations and enhance efficiency amidst evolving market conditions. Moreover, the restructuring extends to the very top of the organization. Co-founders Arthur Madrid and Sebastien Borget are stepping down from their leadership roles. This development signals a new chapter for The Sandbox , moving away from its founding management to embrace fresh leadership. A New Era for The Sandbox Leadership With the departure of its co-founders, The Sandbox is preparing for a new leadership era. Robby Yung, an executive from the company’s investment division, is set to assume the role of the new CEO. Yung brings a wealth of experience from the investment side, which could steer the platform in a new strategic direction focused on sustainable growth and investor confidence. This leadership transition is a critical component of the broader restructuring effort. It suggests a renewed focus on specific strategic objectives, potentially leveraging Yung’s expertise to navigate the complex landscape of the metaverse and Web3 industries. The shift aims to ensure The Sandbox remains competitive and resilient. Why is The Sandbox Restructuring Now? The decision by The Sandbox to implement such a drastic restructuring likely stems from a combination of factors. The broader crypto market has faced headwinds, impacting investment and user engagement in many Web3 projects. Companies often respond to these challenges by optimizing their operations to ensure long-term viability. Market Adaptation: Adjusting to the current economic climate and the evolving metaverse landscape. Efficiency Gains: Streamlining teams to focus resources on core development and strategic initiatives. Strategic Re-evaluation: A potential shift in the platform’s long-term vision and development roadmap. Investor Confidence: Demonstrating fiscal responsibility and a clear path to profitability or sustainability. These changes are not uncommon in nascent industries like Web3, where rapid growth is often followed by periods of consolidation and strategic recalibration. For The Sandbox , this could mean a more agile and focused approach moving forward. What Does This Mean for The Sandbox Users and Investors? For the millions of users and investors in The Sandbox ecosystem, these changes naturally raise questions about the future. While organizational shifts can be unsettling, they often pave the way for renewed innovation and stability. A leaner, more focused team under new leadership might accelerate key developments and improve user experience. Investors will closely watch how these changes impact the SAND token and the overall health of the platform. A clear strategic vision and effective execution by the new leadership team could restore confidence and foster growth. Conversely, any missteps could lead to further uncertainty. Transparency from The Sandbox will be crucial during this transition. The restructuring at The Sandbox represents a significant moment for the platform and the broader metaverse industry. With a reduced workforce and new leadership at the helm, the company is clearly preparing for a new chapter. While the immediate impact includes staff cuts and founder departures, the long-term goal appears to be a more efficient, strategically focused, and resilient platform ready to navigate the future of Web3. Only time will tell how these bold moves will shape the trajectory of The Sandbox . Frequently Asked Questions (FAQs) Q1: Why is The Sandbox cutting staff? A1: The Sandbox is cutting staff as part of a major organizational restructuring aimed at streamlining operations, enhancing efficiency, and adapting to evolving market conditions in the broader crypto and Web3 space. Q2: Who is the new CEO of The Sandbox? A2: Robby Yung, an executive from The Sandbox ‘s investment division, is set to take over as the new CEO, replacing co-founders Arthur Madrid and Sebastien Borget. Q3: What will happen to the co-founders of The Sandbox? A3: Co-founders Arthur Madrid and Sebastien Borget will step down from their leadership roles as part of the organizational changes. Q4: How might this restructuring impact the SAND token? A4: Organizational changes can introduce volatility. However, a successful restructuring leading to improved efficiency and a clear strategic vision could positively impact investor confidence and the SAND token’s long-term stability and growth. Q5: Is The Sandbox still a viable metaverse platform? A5: Yes, The Sandbox remains a prominent metaverse platform. This restructuring is a strategic move to ensure its long-term viability and competitiveness in the rapidly evolving Web3 industry. If you found this article insightful, consider sharing it with your network! Help us spread the word about the latest developments in the crypto and metaverse world by sharing on your favorite social media platforms. To learn more about the latest crypto market trends, explore our article on key developments shaping the metaverse institutional adoption . This post The Sandbox Undergoes Drastic Restructuring: 50% Staff Cut, Founders Exit first appeared on BitcoinWorld and is written by Editorial Team
Chainlink’s price is holding near $24 as institutional interest rises, led by a Bitwise Chainlink ETF filing that could broaden institutional access and spark significant inflows. Technical indicators show accumulation
BitcoinWorld Polkadot Tokenized Shares: Paraguay’s Astounding $6M Investment Fuels Innovation A remarkable development is unfolding in Latin America, signalling a new era for blockchain adoption. The government of Paraguay has made a groundbreaking move, investing a substantial $6 million into Polkadot tokenized shares . This bold financial commitment is not just about digital assets; it’s a strategic investment aimed at fostering technological advancement and economic growth within the nation. What Are Polkadot Tokenized Shares and Why Paraguay’s Big Bet? You might be wondering, what exactly are Polkadot tokenized shares ? Simply put, they are digital representations of traditional shares, secured and managed on a blockchain network – in this case, Polkadot (DOT). This innovative approach allows for greater transparency, efficiency, and accessibility in investment. Paraguay’s government, as reported by Cointelegraph, has allocated these significant funds to develop an ambitious “Innovation Valley” in its capital city, Asunción. This project is set to become a hub for technological advancement, research, and development, positioning Paraguay as a leader in the region’s digital transformation. By utilizing Polkadot tokenized shares , Paraguay is embracing a modern, decentralized method to finance and oversee this crucial national initiative. Unlocking Tremendous Potential: The Benefits of This Investment This strategic investment by Paraguay brings a multitude of benefits, both for the nation and for the broader blockchain ecosystem. It highlights a growing confidence in decentralized finance solutions from traditional government bodies. Economic Growth: The Innovation Valley project, funded by these Polkadot tokenized shares , is expected to create new jobs, attract foreign investment, and stimulate economic diversification beyond traditional sectors. Technological Advancement: By establishing a dedicated innovation hub, Paraguay aims to cultivate a skilled workforce and foster a vibrant ecosystem for startups and tech companies. Transparency and Efficiency: Leveraging blockchain for tokenized shares ensures a high degree of transparency in fund allocation and management, reducing bureaucracy and increasing accountability. Global Credibility for Polkadot: This significant government adoption provides a strong validation for Polkadot’s technology, demonstrating its potential for real-world applications beyond speculative trading. It showcases the robustness and reliability of the Polkadot network. Navigating the Future: What Challenges Might Arise with Polkadot? While the prospects are exciting, any pioneering initiative comes with its own set of challenges. Paraguay’s journey with Polkadot tokenized shares will likely involve navigating several key areas. Regulatory Clarity: As blockchain technology evolves rapidly, governments must adapt existing regulations or create new ones to accommodate innovations like tokenized shares. Clear legal frameworks are crucial for long-term success. Technological Integration: Integrating new blockchain-based systems with existing governmental infrastructure can be complex. Ensuring seamless operation and data security will be paramount. Market Volatility: While the investment is in tokenized shares, the underlying crypto market can experience volatility. Strategic financial management will be essential to mitigate risks. Paraguay’s Vision: Building an Innovation Valley with Polkadot The core of Paraguay’s $6 million investment is the development of the Innovation Valley in Asunción. This ambitious project aims to transform the capital into a bustling center for technological development. Imagine a place where startups thrive, researchers collaborate, and cutting-edge technologies are born. The decision to fund this through Polkadot tokenized shares underscores a forward-thinking approach. It provides a modern, secure, and potentially more efficient way to raise and manage capital for such a large-scale public-private endeavor. This move could inspire other nations in Latin America and beyond to explore similar blockchain-powered financing models for national development projects, paving the way for wider crypto adoption. A Bold Step Towards a Decentralized Future Paraguay’s $6 million investment in Polkadot tokenized shares for its Innovation Valley is more than just a financial transaction; it’s a powerful statement. It signals a governmental embrace of blockchain technology as a legitimate tool for economic development and innovation. This pioneering move positions Paraguay at the forefront of digital transformation in Latin America, offering a compelling case study for how decentralized finance can contribute to national growth and create a brighter, more technologically advanced future for its citizens. It truly is an exciting time to watch these developments unfold. Frequently Asked Questions (FAQs) Q1: What are Polkadot tokenized shares? A1: Polkadot tokenized shares are digital representations of traditional company shares, or in this case, a project’s equity, that are recorded and managed on the Polkadot blockchain. They offer enhanced transparency, security, and efficiency compared to conventional methods. Q2: Why did Paraguay invest in Polkadot tokenized shares? A2: Paraguay invested $6 million in these shares to fund the development of an “Innovation Valley” in Asunción. This strategy leverages blockchain for transparent and efficient capital management for a national development project. Q3: What is the “Innovation Valley” project? A3: The Innovation Valley is an ambitious project in Asunción, Paraguay, designed to become a central hub for technological research, development, and startup incubation, aiming to boost the nation’s digital economy. Q4: How does this investment benefit Polkadot? A4: This significant government investment provides strong validation for Polkadot’s technology, showcasing its practical utility for large-scale, real-world applications and potentially encouraging broader institutional adoption. Q5: Are there risks associated with this type of investment? A5: Yes, like any innovative financial venture, there are risks such as regulatory uncertainties, challenges in technological integration, and potential market volatility. Careful planning and management are essential. *** Did you find this article insightful? Share this groundbreaking news with your network and spark a conversation about the future of blockchain in national development! Your shares help us bring more crucial crypto insights to light. To learn more about the latest crypto market trends, explore our article on key developments shaping Polkadot institutional adoption. This post Polkadot Tokenized Shares: Paraguay’s Astounding $6M Investment Fuels Innovation first appeared on BitcoinWorld and is written by Editorial Team
Instead of chasing quick returns, a growing conversation in crypto is shifting toward how digital assets can be used in more strategic ways. One of the clearest voices on this point is Cypress Demanincor (@CDemanincor), a crypto expert on X, who recently explained how XRP can be managed using the same wealth strategies employed by traditional elites. His view is that the real advantage lies in treating XRP as an appreciating asset to be collateralized, rather than sold, and not in seeking short-term gains. $XRP HOLDERS LISTEN UP People who keep saying “the yield is too small” you’re missing the point. It’s not about chasing crazy yields. It’s about adopting the same wealth strategies the elites have used for decades: using your assets as collateral instead of selling them.… https://t.co/hgBFvlf19w — Cypress Demanincor (@CDemanincor) August 26, 2025 The Elite Approach to Assets Demanincor emphasized that established financial practices among high-net-worth individuals rely less on selling appreciating assets and more on using them as collateral. He noted that “it’s not about chasing crazy yields” but about adopting wealth-building methods that have been employed for decades. In traditional markets, this approach is evident in equities, real estate, and even alternative assets such as art and bonds. Owners of these assets do not typically liquidate when they need liquidity. Instead, they secure credit lines against their holdings, thereby maintaining long-term exposure while gaining access to cash. Experts have consistently advised against selling XRP , and applying this strategy to crypto investments can help XRP holders retain their assets while addressing immediate financial needs. This keeps investors positioned for potential future gains while avoiding the disadvantages of selling during periods of volatility or at inopportune times. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 How Collateralization Works with XRP The concept presented by Demanincor can be summarized as an expansion of established wealth management strategies into digital assets. For example, an individual holding $20,000 in XRP who faces an unexpected $10,000 expense would previously have had little choice but to liquidate part of their position. Under the collateralization model, however, that same investor can borrow against their holdings. This approach preserves exposure to XRP’s future trajectory while also supplying liquidity when needed. A Long-Term Wealth Model for Crypto Investors This approach mirrors strategies long employed by wealthy investors, who borrow against appreciating assets rather than selling them. In traditional finance, it takes the form of margin loans for equities or home equity credit in real estate. With crypto, similar tools now exist for retail investors. Lending XRP to banks or institutions that need it could be a profitable way to earn passive income, and is just one of many methods XRP holders can employ. With the asset’s supply shrinking , XRP’s scarcity could increase its value over time. This makes Demanincor’s approach even more relevant, as collateralizing XRP allows holders to access liquidity while maintaining exposure to potential appreciation, ensuring they benefit from long-term growth rather than selling too early. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Finance Expert Sends Critical Message to XRP Holders appeared first on Times Tabloid .
BitcoinWorld Crypto Liquidations: Shocking $161M Wipeout in Perpetual Futures The cryptocurrency market witnessed a significant event recently, with over $161 million in crypto perpetual futures liquidations occurring within a single 24-hour period. This massive wipeout left many traders reeling, highlighting the inherent volatility and risks associated with leveraged trading in digital assets. Understanding these sudden market shifts is crucial for anyone involved in crypto, as they often signal broader market movements and potential dangers. What Exactly Are Crypto Liquidations in Perpetual Futures? When we talk about crypto liquidations , we are referring to the forced closure of a trader’s leveraged position by an exchange. This happens when a trader’s margin balance falls below the maintenance margin requirement, typically due to adverse price movements. Perpetual futures contracts, unlike traditional futures, have no expiry date, allowing traders to hold positions indefinitely as long as they meet margin requirements. However, this flexibility comes with increased risk, especially when using high leverage. Essentially, if the market moves strongly against a trader’s leveraged bet, the exchange automatically sells off their assets to cover potential losses. This mechanism protects both the exchange and other traders, preventing the account balance from going negative. Consequently, it can be devastating for the individual experiencing the liquidation, often leading to significant capital loss. The Recent $161 Million Crypto Liquidations: Who Was Hit Hardest? The recent 24-hour period saw a staggering $161 million in crypto liquidations across various major cryptocurrencies. Let’s break down the impact on some key players: Bitcoin (BTC): Approximately $36.07 million in BTC positions were liquidated. A significant 62.68% of these were long positions, meaning traders betting on a price increase were caught off guard by a downturn. Ethereum (ETH): ETH liquidations were even higher, reaching $97.41 million. Similar to BTC, long positions accounted for a substantial 64.97%, indicating a strong market reversal against bullish bets. Solana (SOL): SOL experienced $27.78 million in liquidations. Interestingly, for SOL, short positions made up 56.48% of the total, suggesting traders betting on a price decrease were squeezed as SOL saw an unexpected upward movement or failed to drop as anticipated. Why Such Sudden Crypto Liquidations Occur? Several factors contribute to these rapid crypto liquidations . Market volatility is, of course, a primary driver. Cryptocurrencies are known for their dramatic price swings, which can quickly erode margin balances on leveraged positions. Other contributing elements include: High Leverage: Many traders use high leverage, magnifying both potential gains and losses. A small price movement can lead to a large percentage loss on the leveraged capital, triggering a liquidation. Market Manipulation or ‘Wick’ Hunts: Sometimes, large players can execute trades designed to push prices briefly to trigger liquidation levels, benefiting from the cascade of forced sales. Unexpected News or Macro Events: Global economic news, regulatory announcements, or even major project updates can cause sudden shifts in market sentiment, leading to rapid price changes and subsequent liquidations. Navigating Volatility: Actionable Insights to Avoid Crypto Liquidations While crypto liquidations are an inherent risk of leveraged trading, traders can adopt strategies to mitigate their exposure: Manage Leverage Wisely: Avoid excessively high leverage, especially in volatile markets. Lower leverage provides a larger buffer against price swings. Set Stop-Loss Orders: Always use stop-loss orders to automatically close a position if it reaches a predetermined loss level, protecting your capital. Monitor Market Conditions: Stay informed about market news, technical indicators, and broader economic trends that could influence crypto prices. Understand Margin Requirements: Be aware of the initial and maintenance margin requirements of your chosen exchange and manage your account balance accordingly. Diversify and Don’t Over-Commit: Avoid putting all your capital into a single highly leveraged position. Diversification and responsible position sizing are key to long-term success. The recent $161 million in crypto liquidations serves as a powerful reminder of the high stakes in perpetual futures trading. While the allure of amplified gains is strong, the reality of sudden losses due to leverage and market volatility is ever-present. By understanding the mechanisms behind liquidations and implementing robust risk management strategies, traders can better navigate these turbulent waters and protect their investments. Stay informed, trade responsibly, and prioritize capital preservation in the dynamic world of crypto. Frequently Asked Questions (FAQs) 1. What are crypto perpetual futures? Crypto perpetual futures are a type of derivative contract that allows traders to speculate on the future price of a cryptocurrency without owning the underlying asset. Unlike traditional futures, they do not have an expiry date. 2. How do crypto liquidations work? Liquidations occur when a trader’s leveraged position can no longer meet the margin requirements of the exchange. The exchange automatically closes the position to prevent further losses, usually when the market moves significantly against the trader’s bet. 3. Why were long positions liquidated more for BTC and ETH? For BTC and ETH, a higher percentage of long positions were liquidated, indicating that a significant number of traders were betting on price increases. When the market experienced a downturn, these bullish bets were caught off guard, leading to forced closures. 4. Why were short positions liquidated for SOL? For SOL, short positions accounted for a majority of liquidations. This suggests that traders betting on a price decrease were squeezed, possibly due to an unexpected upward price movement or a failure of the price to drop as anticipated, forcing them to close their positions at a loss. 5. How can traders protect themselves from liquidations? Traders can protect themselves by managing leverage wisely, setting stop-loss orders, monitoring market conditions closely, understanding margin requirements, and diversifying their portfolios to avoid over-commitment to single positions. 6. What is the impact of large-scale crypto liquidations on the market? Large-scale liquidations can exacerbate market volatility, as forced sales can create further downward (or upward) pressure, leading to a cascade effect. They can also indicate a shift in market sentiment or the presence of significant market events. Did this article help you understand the dynamics of crypto liquidations? Share your insights and spread awareness about responsible trading by sharing this article on your social media platforms! To learn more about the latest explore our article on key developments shaping crypto market price action . This post Crypto Liquidations: Shocking $161M Wipeout in Perpetual Futures first appeared on BitcoinWorld and is written by Editorial Team
According to the 13F filing reported by COINOTAG and Cointelegraph on August 28, Goldman Sachs was the largest institutional holder of the Ethereum ETF with $7.21 billion in reported positions,