Key takeaways
- Spot Ethereum ETFs began trading on Tuesday and recorded a trading volume of $1 billion on the first day.
- The Poodlana presale is approaching $2.5 Million roughly a week after it launched.
Spot Ethereum ETFs are now live
On Tuesday, July 23rd, spot Ethereum exchange-traded funds (ETFs) launched in the United States. This latest development comes roughly six months after spot Bitcoin ETFs went live in the world’s largest economy.
Data obtained from Bloomberg revealed that investors traded over $1 billion worth of shares of the Ether ETF issuers on the first day of their availability. SoSoValue further revealed that of the $1 billion traded, there was a net inflow of $106.7 million. With Bitcoin and Ether ETFs now live, cryptocurrencies are becoming more mainstream, granting institutional investors access to the two leading digital currencies.
What is Poodlana?
The launch of Ethereum ETFs is an indication that cryptocurrencies are going mainstream. Investors continue to troop into the space as new projects offer unique utilities for real-world problems.
Poodlana is one of the latest projects that seek to improve the crypto meme ecosystem. It is a new Solana meme coin designed to introduce the glamor of high fashion to the crypto world.
The developers have the ambition of making Poodlana the leading dog-themed meme coin on the planet. Poodlana is focusing on the ethos of community-driven growth while providing investors with unique value.
Thanks to the popularity of the Poodlana dog breed in Japan, Korea, and China, the development team is leveraging this and the love of meme coins in these countries to build a strong community.
Poodlana wants to become a bigger dog-themed meme coin, surpassing the two giants, Shiba Inu and Dogecoin.
Poodlana’s presale hits $2.3m in seven days
The Poodlana presale began seven days ago and will last for 30 days. The project has raised more than $2.3 million in the last seven days, a testament to the huge demand Poodlana has amongst investors.
In the current stage, the POODL token goes for $0.0265 but will increase to $0.0299 in the next presale stage. Investors can purchase this token using SOL, BNB, ETH, USDT, USDC, and Fiat/card payment options.
Unlike the numerous projects launching in the ecosystem, Poodlana will not have a lock-up period for their tokens. The POODL…