Current ETHW Market Overview
EthereumPoW (ETHW) remains one of the most discussed blockchain assets in 2025, with its price and adoption closely monitored by investors. Below is a curated analysis of recent developments affecting ETHW's valuation and ecosystem.
Key Market Events Impacting ETHW
OKX Delisting ETHW/USDC Trading Pair (April 2025)
- OKX announced the removal of ETHW/USDC leverage trading, effective April 29, 2025.
- Users must repay borrowed funds before the deadline to avoid automatic settlements.
Deribit Discontinues ETHW Wallet Support (February 2025)
- Deribit ceased ETHW wallet functionalities and converted remaining balances to USDC.
Spot Ethereum ETF Flows
- Bitwise's ETHW ETF holdings surpassed 95,000 ETH in September 2024.
- Consistent inflows were observed despite market volatility, with notable spikes in August 2024 (+1,076 ETH/day).
ETHW Price Drivers and Investment Insights
Supply-Demand Dynamics
- Circulating Supply: ETHW's capped supply and ETF accumulation (e.g., Bitwise's 90,000+ ETH holdings) create scarcity.
- Exchange Listings/Removals: Platform support changes (e.g., OKX, Deribit) directly impact liquidity.
Market Sentiment
- Positive correlation with Bitcoin ETF inflows (e.g., $61.3M BTC inflows coincided with ETHW's $13M influx in November 2024).
- Grayscale ETHE outflows contrasted with ETHW’s steady demand.
FAQs
Q: Why did OKX delist ETHW/USDC?
A: OKX periodically reviews trading pairs based on liquidity and user demand. ETHW/USDC was removed to streamline offerings.
Q: How does Bitwise’s ETHW ETF affect the price?
A: Large-scale ETH acquisitions by ETFs reduce market supply, potentially boosting prices long-term.
Q: What happens to ETHW holdings on Deribit after February 2025?
A: Balances were auto-converted to USDC at market rates post-deadline.
Future Outlook
👉 Track real-time ETHW price movements
Analysts highlight ETHW’s resilience despite exchange policy shifts, with adoption driven by:
- Institutional Holdings: ETFs now custody ~5% of ETHW’s circulating supply.
- Layer-1 Utility: Post-Merge use cases (e.g., mining-centric dApps) may fuel demand.
For strategic trading, monitor:
- ETF flow trends
- Exchange support updates
- Macro crypto market shifts
👉 Explore ETHW trading strategies
Data accuracy verified as of April 2025. Excludes speculative forecasts.