Ethereum NFT Sales Pump 33% After First Ethereum ETF Got Listed On DTCC

Updated: 22 May 2024

Disclosure

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The non-fungible token market, which has been in a state of uncertainty for the past several weeks, has recorded positive growth today after Vaneck listed its SPOT Ethereum ETF on the DTCC. The market listing showcases that Ethereum ETH approval is just around the corner.

Ethereum NFT Sales Jump 33% Today

Data compiled by Cryptoslam.io, an on-chain crypto market aggregator and a multi-chain non-fungible token explorer, indicates that the global non-fungible token market has sharply surged in sales today, following this crypto market hype. In the past 24 hours, the global NFT market has recorded a trading sales volume of $22 million, representing a 25% surge from the past day.

During this period, Ethereum, the blockchain network renowned for powering the majority of blue-chip NFTs, is the top traded NFT blockchain, with Ethereum-based NFT sales volume jumping 33%. In the past 24 hours, the Ethereum-based NFT collection has amassed a trading sales volume of $8.6 million.

This notable market rally in the NFT market happened shortly after the first Ethereum ETF ‘VanEck Spot Ethereum ETF’ got listed on the DTCC stock market under the ticker ETHV. An Ethereum ETF is a financial product designed to track the price of Ethereum, enabling investors to buy and sell shares on traditional stock exchanges.

VanEck SPOT ETHEREUM ETF (ETHV) is now on the DTCC website.

Let the next crypto tally begin. pic.twitter.com/eNP5IIJY5Y

— Digital Asset News (@NewsAsset) May 21, 2024

It’s worth noting that the crypto and the non-fungible token markets have a strong relationship similar to that between mother and child. In that context, what affects the crypto market disrupts the NFT market too in most cases. Below, we have listed five of the top-selling NFT collections today.

Five Top-Selling NFT Collections Today

Source: cryptoslam.io, Top selling NFT collections in the past 24 hours

1. Milady Maker

Milady Maker, a non-fungible token collection from the digital asset firm Remilia featuring a limited edition of 10,000 NFT collections hosted on the Ethereum network, is today’s top-selling NFT collection. In the past 24 hours, the Milady Maker NFT collection has recorded a trading sales volume of $1.07 million, representing a 274% surge from the previous day.

2. CryptoPunks

CryptoPunks, a non-fungible token collection under the Yuga Labs umbrella featuring a limited edition of 10,000 pixilated NFTs hosted on the Ethereum network, is this week’s second most-traded NFT collection. In the past 24 hours, the CryptoPunks NFT collection has raised a trading sales volume of $737,526, representing a 15.91% surge from the previous day.

3. The Captainz

The Captainz, a collection of 9,999 utility-enabled profile pictures from the web3-focused studio Memeland that feature rarity-powered traits inspired by pirates, internet memes, and pop culture, is today’s third most-selling NFT collection. In the past 24 hours, the Captainz has raised a sales volume of $608,237, up 161% from the previous day.

4. Redacted Remilia Babies

Redacted Remilia Babies, a non-fungible token collection from the digital asset firm Remilia that features a fixed set of 10,000 neochibi PFP NFTs hosted on the Ethereum blockchain network, is today’s fourth most-selling NFT collection. In the past 24 hours, the Redacted Remilia Babies NFT collection has recorded a trading sales volume of $504,033.

5. Pudgy Penguins

Pudgy Penguins, a non-fungible token collection from the Pudgy Penguins toy brand featuring a limited supply of 8,888 NFTs hosted on the Ethereum blockchain network, is today’s fifth most-selling NFT collection. In the past 24 hours, the Pudgy Penguins NFT collection has recorded a trading sales volume of $390,876, closing our five top-selling NFT collections today. The Pudgy Penguins NFT sales have risen 125% from the past day.