Ethereum NFT Sales Surge After VanEck Lists SPOT Ethereum ETF on the DTCC
The non-fungible token market experienced significant growth today, following the listing of Vaneck’s SPOT Ethereum ETF on the DTCC. This listing signals that Ethereum ETH approval is on the horizon.
Positive Growth in the Global NFT Market Today
Data from Cryptoslam.io reveals a sharp increase in global non-fungible token sales today, with a trading volume of $22 million over the past 24 hours, marking a 25% rise. Ethereum stands out as the top-traded NFT blockchain, with a 33% surge in sales volume, reaching $8.6 million.
Impact of Ethereum ETF Listing on NFT Market
The recent surge in the NFT market is linked to the listing of the first Ethereum ETF, ‘VanEck Spot Ethereum ETF,’ on the DTCC stock market. An Ethereum ETF is a financial tool that tracks Ethereum’s price, enabling investors to trade shares on traditional stock exchanges.
Top-Selling NFT Collections Today
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Milady Maker
The limited edition collection from Remilia on the Ethereum network saw a 274% increase in trading sales volume, reaching $1.07 million in 24 hours.
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CryptoPunks
Under Yuga Labs, this collection of 10,000 pixilated NFTs on Ethereum recorded a trading volume of $737,526, a 15.91% increase from the previous day.
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The Captainz
Memeland’s utility-enabled profile pictures collection, inspired by pirates and pop culture, achieved a sales volume of $608,237 in 24 hours, up 161%.
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Redacted Remilia Babies
Remilia’s collection of neochibi PFP NFTs on Ethereum generated a trading volume of $504,033 in the past day.
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Pudgy Penguins
From the Pudgy Penguins toy brand on Ethereum, this collection of 8,888 NFTs saw a trading volume of $390,876, marking a 125% increase.
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