Everything web3, crypto, defi, degen
In brief Spot Ethereum ETFs generated over $1.8 billion in investments this week. The nine funds outpaced their Bitcoin counterparts, which added just $70 million. Interest in Ethereum has risen with the passage of a stablecoin bill and rise of Ethereum treasury companies. For a week, at least, spot Ethereum exchange-traded funds outpaced their Bitcoin…
In brief BlackRock’s Ethereum ETF (ETHA) became the third-fastest ETF to reach $10 billion in assets, achieving the milestone in 251 days despite initial lukewarm reception compared to Bitcoin ETFs. MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to buy more Bitcoin while facing class-action lawsuits over previous stock offering…
In brief Only BlackRock and Fidelity’s spot Bitcoin funds needed less time to reach $10 billion in assets. ETHA has added $5 billion over a 10-day period ending Wednesday. The surge in ETH ETF inflows has been closely intertwined with a dramatic surge in Ethereum’s price. BlackRock’s iShares Ethereum Trust (ETHA) has topped $10 billion…
ALTS HEAD LOWER, GOLDMAN SACHS TO TOKENISE FUNDS, TRUMP VISITS FEDBTC dominance rises, XRP leads major altcoins lower. ETH ETFs see daily inflows for 2 weeks in a row. GS, BNY Mellon to launch tokenised funds. US crypto report coming on July 30. Whales pulled $1.7b ETH from Aave over last week. MARA raises $850m…
In brief XRP hit a new all-time high of $3.66 this week before retreating to $3.15 amid surging volumes and renewed market attention. Ripple CEO Brad Garlinghouse warned of scammers impersonating the firm on YouTube and other social sites. The cryptocurrency’s older retail base makes it especially vulnerable to social engineering, analysts told Decrypt. After…
In brief After pulling in $2.5 billion over the first 10 months since launch, Ethereum ETFs have attracted $5 billion since mid-May alone, signaling accelerating institutional demand. Analysts note that price momentum is lagging behind institutional inflows. While the long-term outlook remains bullish due to institutional adoption, one analyst is positioning for a potential short-term…
PENGU & REKT ALL TIME HIGHS, HUGE ETH ETF INFLOWS, BNB OUTPERFORMS MARKETCrypto majors slightly red with BNB outperforming and hitting new ATH. ETH ETFs see 3rd biggest day of inflows while BTC sees net outflows. Coinbase partners with PNC for Crypto-as-a-Service model. Goldman and BNY to offer tokenized money market accounts. PENGU and REKT…
In brief Ethereum has significantly outpaced Bitcoin in recent months, with a 67% gain against Bitcoin’s 18% in the last month alone. The gap between Ethereum and Bitcoin ETF inflows is converging, dropping from 45 times to just 1.6 in the past four months. Analysts anticipate Ethereum soaring past $8,000, driven by institutional adoption, regulatory…
In brief DigitalX purchased 74.7 BTC for $8.8 million at an average price of $117,293. It now holds nearly 500 BTC across direct and ETF holdings. A growing number of firms are also adding Bitcoin to their balance sheets. DigitalX has ramped up its Bitcoin holdings with the acquisition of 74.7 BTC, worth approximately US$8.8…
In brief SEC staff greenlit Bitwise’s ETF on Tuesday, but it was immediately paused under a discretionary review rule. Grayscale’s GDLC faced the same setback earlier this month. It then responded with a legal warning. ETF Institute co-founder Nate Geraci called it a “bizarre situation” as procedural uncertainty clouds ETF conversions. The SEC halted another…
