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 priceย 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.ย 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. โBiggest week ever for them, thanks to Ether ETFs stepping up big,โ ETF analyst Eric Balchunas said in an X post on Friday. Ether ETFs were โasleepโ for 11 months, says Balchunas โEther ETFsโ weekly volume was about $17b, blowing away record, man did it wake up in July,โ 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. ETHโs $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,…
Ether exchange-traded funds (ETFs) scored another $640 million in inflows, marking their eighth consecutive day in the green, while bitcoin ETFs logged a seventh straight day of gains with $231 million despite sharp outflows in several major funds. Record-breaking trading volumes underscored the marketโs feverish pace. Ether ETFs Extend Streak to 8 Days With Bitcoin […] Original
Key points: BlackRockโs Bitcoin and Ether ETFs bought over $1 billion on Thursday while prices tanked 5% or more. Institutions are interested in โbuying the dipโ on both assets, a reaction says. Bitcoin has almost filled its latest CME futures gap with a trip to near $17,200. Bitcoin (BTC) hovered at $119,000 into Fridayโs Wall Street open as attention focused on institutional buyers. BTC/USD one-hour chart. Source: Cointelegraph/TradingView BlackRock buys the dip as liquidations pass $500 million Data from Cointelegraph Markets Pro and TradingView showed BTC/USD protecting the daily open…
Citigroup is looking to make a further foray into the crypto and blockchain ecosystem with custody and payments solutions for stablecoins and crypto exchange-traded funds. Summary Citigroup is exploring expansion into stablecoin payments and cryptocurrency ETFs custody. The U.S. bank joins other leading financial firms in considering crypto services. The U.S. banking giant is considering a move into crypto custody, stablecoin payments, and other services as leading banks and financial institutions increasingly embrace crypto. In a report, Reuters cites a top executive at Citigroup as saying the bank wants to…
U.S.-listed exchange-traded funds tracking Ethereum have logged another day of strong inflows as institutional demand shows no signs of cooling. Summary Ethereum ETFs recorded $729 million in inflows on Aug. 13, surpassing Bitcoin ETFs by a wide margin. The numbers mark the second-largest single-day inflows for ETH ETFs since launch, behind the $1.02 billion record earlier this month. Corporate giants like SharpLink and BitMine remain bullish on ETH and are ramping up accumulation plans. Ethereum ETFs recorded $729 million in inflows in their latest trading session on August 13, according…
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Half of the top 20 exchange-traded funds (ETFs) in the United States are linked to digital assets, underscoring the sectorโs growing appeal to investors.ย On Monday, ETF analyst Nate Geraci said more than 1,300 ETFs have launched since the start of 2024, and crypto-linked assets dominated the top 20 investment products in inflows. These include Bitcoin (BTC) and Ether (ETH) ETFs, funds tracking leveraged ETH positions and Strategy (MSTR) exposure products. Geraci shared data that the top four overall assets by inflows are crypto-related, including BlackRockโs iShares Bitcoin Trust ETF…