Ethereum has been sliding since spot ETFs started trading. Analysts noted that was the case for Bitcoin for a while after its spot ETFs began trading….
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The Grayscale ETHE withdrawals were offset by its Ethereum Mini Trust (ETH) taking in $46 million….
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BTC ETFs: -$78m, ETH ETFs: +$107m. BTC falls amid ETF outflows & Mt. Gox movements. ETH ETFs see ‘very solid’ first day $107m inflows. Grayscale ETH trust sees $484m outflow. ETH ETF volumes come out at 23% of BTC. Debate about whether strong flows will continue. SOL DEX volume continues to rise above ETH. Harris may also speak at Bitcoin Nashville. Harris could be far more open to Bitcoin: Cuban. BTC symbol lights up Vegas Sphere. Coinbase continues to pursue Gensler emails. dYdX explores sale of derivatives tech. dYdX site recovers after DNS attack. JD to create Hong Kong stablecoin. Bitwise uses ENS addresses for ETH ETFs. BlackRock applies for ENA cash allocation. Uber CEO wants to accept BTC….
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Consensys CEO Joe Lubin, who’s also an Ethereum co-founder, said it’s “important that more individuals and organizations are able to own Ethereum.”…
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It was a successful launch for the new funds—but the price of Ethereum held flat….
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Total inflows from eight competitors have dragged the performance of ETH ETFs into positive territory despite Grayscale’s sag….
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BTC ETF Flows: +$534m. ETH outperforms slightly as 9 ETFs set to launch. Grayscale moves $1bn ETH to Coinbase for outflows. Biggest BlackRock ETF inflow day in 4 months. Mt Gox moves $2.8bn BTC for distributions. US government moves $4m BTC to Coinbase. Bedford FC buys $4.5m BTC. Hamilton Lane launches private credit fund on SOL. CNBC discusses BTC reserve currency rumour. Polymarket sets another trading record. BlockFi administrator submits plan to repay customers. WLD denies insider trading and manipulation claims. India keeps high crypto taxes unchanged. Gate exchange exits Japan. Marathon Digital fined $138m for breaching NDA. HyperLend launches lending on HyperLiquid….
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Many major investment firms have dropped spot Ethereum ETFs in the U.S. which are now trading on American stock exchanges. Here’s the running list….
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The report’s authors shared concerns that the approval of spot Bitcoin ETFs could create new opportunities for scammers….
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“When you give investors the choice to buy Bitcoin or Ethereum, they end up buying both,” said Bitwise CIO Matt Hougan, looking ahead to the ETFs….
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