The price of bitcoin slipped past the $113,000 support level and tumbled to an intraday low of $112,147 per coin. Over the past week, it has dropped 4.9% against the U.S. dollar. $28M in Bitcoin Longs Obliterated as Price Slips Under $113K On Thursday, bitcoin’s trading action was far from cheerful as the top digital […] Original
Key Notes Fidelity led withdrawals with $403 million in combined Bitcoin and Ethereum ETF outflows. The recent outflows come as Bitcoin price and Ethereum price saw over 8% correction over the past week. The Crypto Fear & Greed Index fell to 44 (“Fear”) on August 20, reflecting a shift in sentiment. US issuers of spot Bitcoin BTC $113 443 24h volatility: 1.7% Market cap: $2.26 T Vol. 24h: $47.24 B ETFs, and spot Ethereum ETH $4 191 24h volatility: 2.6% Market cap: $504.51 B Vol. 24h: $45.24 B ETFs, faced…
Key Notes Ethereum ETFs are on track to surpass Bitcoin ETFs in supply held by September. ETH ETFs currently hold 5.08% of supply while BTC ETFs hold 6.38%. ETH spot ETFs saw $197 million in net outflows, the second-largest in history. Ethereum ETH $4 304 24h volatility: 1.0% Market cap: $519.67 B Vol. 24h: $33.37 B exchange-traded funds (ETFs) could soon surpass Bitcoin BTC $115 552 24h volatility: 0.5% Market cap: $2.30 T Vol. 24h: $37.58 B ETFs in terms of supply held, a development that would mark a major…
The US Securities and Exchange Commission (SEC) has delayed rulings on three high-profile crypto exchange-traded funds (ETFs), extending review deadlines into October. In notices filed Aug. 18, the agency set new decision dates of Oct. 8 for NYSE Arca’s Truth Social Bitcoin and Ethereum ETF, Oct. 16 for 21Shares’ and Bitwise’s Solana ETFs, and Oct. 19 for the 21Shares Core XRP Trust. The Truth Social Bitcoin and Ethereum ETF, submitted on June 24, is structured as a commodity-based trust holding Bitcoin (BTC) and Ether (ETH) directly and issuing shares backed…
Ether exchange-traded funds (ETFs) stole the spotlight last week with $2.85 billion in inflows, their strongest week on record. Bitcoin ETFs managed $548 million, extending their recovery but falling far short of ether’s dominance. Crypto ETF Flows Diverge As Ether Shines and Bitcoin Lags The week of Aug. 11–15 marked a turning point in the […] Original
Ethereum is once again in the spotlight as it battles volatility after breaking multi-year highs and testing heavy resistance just below $4,800. The rally has brought ETH within striking distance of new records, but the retrace shows that sellers are not giving up easily at these critical levels. Despite the pullback, institutional demand continues to surge at an unprecedented pace, providing strong support for the asset’s long-term outlook. Related Reading In recent weeks, Ethereum ETFs have reported massive inflows even as price action consolidates, signaling that large-scale investors remain confident…
After more than a week of relentless inflows, both bitcoin and ether exchange-traded funds (ETFs) closed Friday in the red. Net outflows totaled $14 million for bitcoin ETFs and $59 million for ether ETFs, ending their recent winning streaks. Red Friday: Bitcoin and Ether ETFs Post First Net Outflows After Multi-Day Surge The flood of […] Original
Spot Ether exchange-traded funds (ETFs) closed the week with outflows after a nearly two-week streak of significant inflows. On Friday, US-spot Ether (ETH) ETFs saw $59.3 million in outflows, bringing an end to their eight-day inflow streak that added roughly $3.7 billion to the products, according to Farside data. ETFs are an important analyst signal for Ether price It comes as Ether fell just 1.94% short of reclaiming its 2021 all-time high of $4,878 on Thursday, before retracing down to $4,448 at the time of publication, according to CoinMarketCap. The…
US-based spot Bitcoin and Ether exchange-traded funds (ETFs) just logged their strongest week of combined trading volume yet, according to an ETF analyst. “Biggest week ever for them, thanks to Ether ETFs stepping up big,” ETF analyst Eric Balchunas said in an X post on Friday. Ether ETFs were “asleep” for 11 months, says Balchunas “Ether ETFs’ weekly volume was about $17b, blowing away record, man did it wake up in July,” Balchunas said. It came the same week Bitcoin (BTC) reached a new all-time high of $124,000 on Thursday,…
Key takeaways: Ether queued for unstaking hits a record $3.8 billion, led by Lido, EthFi, and Coinbase. Strategic reserves and ETF holdings have jumped by 140% since May 1. ETH’s $4,200 support is critical, with $1.2 billion in longs at risk if the price tags the level. The staking ecosystem of Ethereum has reached new highs, with 877,106 Ether (ETH) worth $3.88 billion currently queued for a withdrawal, with a 15-day wait time on Friday. Data from ValidatorQueue notes that the current number of active validators is above 1.08 million,…