$ETH topped $2,000 Amidst Positive Market Developments for the first time since April. This price surge is fueled by BlackRock's initial steps toward filing for a spot ether ETF. The registration of an iShares Ethereum Trust adds to the positive sentiment, mirroring the previous filing for a $BTC ETF by BlackRock. While Bitcoin experiences a pullback from $38,400, the overall market is buoyed by the prospect of ETF approvals, contributing to short liquidations and crypto prices rising.
When it comes to our structure, we rebalanced Blockchain Index on Friday. $IMX was listed on Iconomi, and it falls under our index parameters. We added it with a position of 0.35%.
The rest of our structure stays the same with minor adjustments to weights. $BTC and $ETH positions remain the same at 40$ and 30% respectively. The biggest weight rebalance is $BNB with a -0.42% change. Its current weight is 6.93%
Over the weekend, we saw good increases all across the board. We will keep our current structure and rebalance at the start of the next year, keeping true to our schedule and structure.