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
Institutional appetite for Ether shows no sign of slowing, with blockchain data revealing nearly $882 million in ETH purchases by two entities as of late. Public Bitcoin mining firm BitMine Immersion Technology led the charge, scooping up 106,485 Ether (ETH) worth roughly $470.5 million over the past 10 hours. The miner’s latest haul brings its total holdings to 1,297,093 ETH, valued at about $5.75 billion, according to transactions tracked by Lookonchain. The transactions reveal that BitMine acquired much of the ETH through large over-the-counter (OTC) deals and direct transfers from…
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…
Ether holds a slight edge over Bitcoin in the short-term as social media chatter around the cryptocurrency is less overheated, says sentiment platform Santiment. “The $ETH crowd hasn’t shown nearly as much bullishness despite significantly better performance over the past 3 months,” Santiment said in an X post on Friday amid the ETH/BTC ratio, which measures Ether’s (ETH) relative strength against Bitcoin (BTC) being up 32.90% over the past 30 days, according to TradingView. Ether fell short of reclaiming 2021 all-time highs “The current outlook shows a slightly more bullish…
The 2024–2025 crypto bull market will be remembered for many things: the runaway success of Bitcoin exchange-traded funds, the surge in institutional adoption, and a wave of industry IPOs. Digital asset exchange operator Bullish is the latest crypto-native company to join the IPO rush, aiming to replicate the public market success of stablecoin issuer Circle and Bitcoin-friendly design platform Figma, which recently went public. Bullish’s case stands out: The company has raised its IPO price multiple times, signaling strong investor demand. Its Securities and Exchange Commission (SEC) filing revealed early…
The institutional Ethereum treasury race is accelerating, as two of the biggest corporate Ether holders are raising billions of dollars to acquire more of the world’s second-largest cryptocurrency. Public Bitcoin mining firm BitMine Immersion Technology is raising $24.5 billion through an at-the-market (ATM) stock offering, while SharpLink completed a $389 million capital raise from common shares. Whales, or large crypto holders, have also been accumulating ahead of this week’s key US inflation reports. A new entity acquired $1.3 billion worth of Ether (ETH) across 10 fresh cryptocurrency wallets, surpassing the…
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 market’s feverish pace. Ether ETFs Extend Streak to 8 Days With Bitcoin […] Original
Key points: BlackRock’s Bitcoin and Ether ETFs bought over $1 billion on Thursday while prices tanked 5% or more. Institutions are interested in “buying the dip” 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 Friday’s 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…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, bitcoin retakes the $120,000 level after an overnight rally, while ether jumps above $4,000 for the first time since December 2024. Plus, Chainlink partners with NYSE parent company Intercontinental Exchange to bring foreign exchange and precious metal pricing data onto the blockchain. And, Stephen Pair, co-founder and CEO of BitPay, discusses the trend of companies looking to accept crypto payments. Chapters: 0:00 – Introduction 0:23 – Bitcoin rises 1:13 – The headlines 4:11 – BitPay’s…
Ether’s recent rally to over $4,700 is being largely propped up by expectations of a US federal rate cut in September, which could prove disastrous if it doesn’t eventuate, crypto analysts warn. “The main issue right now is that the whole market move is based on an assumption that the Fed will give the market a rate cut next month,” Swyftx lead analyst Pav Hundal told Cointelegraph on Thursday, as Ether (ETH) continues to trade at only 2.80% below its 2021 all-time high, according to CoinMarketCap data. Market participants are…