Amundi Launches Tokenized Money Market Fund on Ethereum, Paving the Way for 24/7 Trading
Amundi's Blockchain Initiative: Amundi has launched its first blockchain-based fund transaction by introducing a tokenized share class of its AMUNDI FUNDS CASH EUR money market fund, utilizing Ethereum's public blockchain for ownership recording and transaction processing.
Hybrid Distribution Model: The new fund distribution model allows traditional investors to access the fund through conventional channels while also catering to digital-first investors, marking a significant step in the institutional adoption of tokenized financial products in Europe.
Partnership with CACEIS: Amundi partnered with CACEIS to provide the necessary technology infrastructure for tokenization, enabling features like digital wallets and a digital order platform for seamless subscriptions and redemptions.
Broader Industry Trends: The launch reflects a growing trend among asset managers towards tokenization, with significant increases in tokenized money market fund assets and plans for future offerings, including Bitcoin exchange-traded notes, indicating a shift in fund distribution and liquidity management practices.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1024.412 | 1386.106 | 1752.592 | 2114.286 | 2480.772 | 2842.466 | 3208.952 |
| Fibonacci | 1386.106 | 1664.271 | 1836.121 | 2114.286 | 2392.451 | 2564.301 | 2842.466 |
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