Defiance Closes Ethereum ETF After Only Four Months

Published at 2026-01-17 18:15:09

Defiance ETFs said Thursday it will wind down its Ethereum ETF, ending the product after only four months. The short lifespan is notable amid the recent wave of spot-ETH fund launches, and it represents one of the quicker exits by a smaller issuer in the new ETF cohort.

The firm did not provide extensive detail on the reasons, but the closure may reflect stiff competition and thin inflows that tend to favor large, incumbent asset managers. For investors the shutdown removes one regulated vehicle for ETH exposure and could redirect assets toward bigger ETFs; for issuers it raises the bar on distribution and scale needed to sustain a crypto fund in today’s consolidated market.

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The Federal Reserve will buy $55 billion in Treasury bills as it resumes expanding its balance sheet, fueling hopes that added liquidity could support a crypto market rally. Traders and analysts say the move may ease financial conditions and lift risk assets, including Bitcoin and Ethereum.

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Published at 2026-01-17 17:15:05

Sei Targets Mid-2026 to Complete Transition to EVM-Only Chain

Sei Network has announced a mid-2026 target to finish its shift to a fully EVM-only chain, the first concrete timeline since its plan to exit the Cosmos ecosystem was approved. The move is aimed at widening developer access and DeFi integrations for SEI.

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Published at 2026-01-17 16:00:06

Senators Push Back on Tim Scott’s Broad Crypto Bill

Senate Banking Chairman Tim Scott's sweeping crypto bill faces sharp criticism from Senate Judiciary Chairman Chuck Grassley and ranking member Dick Durbin, who say the measure raises serious concerns. The bipartisan pushback could slow or reshape the proposed regulatory overhaul.

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Published at 2026-01-17 11:15:08

Ethereum Staking Tops $256B as 46% of ETH Is Locked

Validators have deposited 77.85M ETH—about 46% of the total supply—bringing the value locked to roughly $256 billion; the milestone boosts network security but raises liquidity and centralization concerns.

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Published at 2026-01-17 09:15:08

White House May Pull Support for Crypto Bill After Coinbase Rift

The White House has warned it may withdraw backing for a proposed crypto market bill after Coinbase said it does not support the legislation’s current approach. The dispute widens a split between regulators and major industry players and could reshape the bill’s future.