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Produced by Daniel Aharonoff & Mogul Media AI

Ethereum's $696M ETF Exodus Dwarfs the Foundation's $8M: Who's Selling?

Everyone's Blaming the Ethereum Foundation. The Real Sellers Are 87 Times Bigger. Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I have watched this market blame the same wallet for a month — and on Friday, November 13, the numbers finally proved the crowd wrong. Ethereum slipped back below $2,000, trading near $1,935 after touching an intraday low of $1,894, and the loudest story on crypto Twitter was the Ethereum Foundation selling another 2,000 ETH. It sounds damning. It is also, by the numbers, almost irrelevant. Here is the real story of this selloff: United States spot Ethereum ETFs dumped $695.9 million in November through November 11, while the Foundation-linked wallet sold about $8.03 million in the same month. That is not a rounding error. That is an 87-to-1 ratio. One side of this market is a rounding error. The other side is a landslide. So let me ask the question that actually matters: who is really selling Ethereum — and who, quiet...
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Produced by Daniel Aharonoff & Mogul Media AI

South Korea's Financial Regulator Maintains Ban on Cryptocurrency ETFs

South Korea's financial regulator has made it clear that the ban on cryptocurrency exchange traded funds (ETFs) by financial institutions will remain in place. This decision comes despite the recent approval of spot Bitcoin ETFs in the United States, as the country's capital markets act strictly limits investment contract securities to traditional financial instruments, currencies, and ordinary commodities, excluding cryptocurrencies.

Key Points:

  • South Korea's financial regulator maintains ban on cryptocurrency ETFs
  • Recent approval of spot Bitcoin ETFs in the US does not prompt reconsideration of ban
  • Capital markets act restricts investment contract securities to traditional assets, excluding cryptocurrencies

The stance taken by South Korea's financial regulator underscores the cautious approach that many regulators around the world are adopting when it comes to the integration of cryptocurrencies into the traditional financial system. The decision to uphold the ban on cryptocurrency ETFs aligns with the regulator's commitment to protecting investors and maintaining the integrity of the country's capital markets.

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