Monday once again emerges as a pressure point for bitcoin, aligning ETF outflows with recurring bitcoin lows.
Flowdesk and QCP see short covering and dip buying supporting BTC around $90,000, while prediction markets assign low odds of a push toward $96,000.
A new Delaware filing for the iShares Staked Ethereum Trust signals BlackRock’s intent to enter the yield-bearing ether market as issuers wait for SEC clarity on staking.
Bitcoin ETFs draw $757 million in flows while ETH ETFs bring in $171.5 million.
Despite the outflows, ether rose by more than 16% in the past month, driven in part by the passage of the GENIUS Act.
ETH might have some more juice to push to $4,700, one analyst said, but strong resistance and seasonal headwinds point to consolidation.
The SEC approved in-kind creations and redemptions for spot bitcoin and ether ETFs, aligning them more closely with traditional exchange-traded funds.
Regulators in Hong Kong were open to in-kind redemptions for the city's crypto ETFs since day one.
The decision allows authorized participants to create and redeem ETF shares directly in BTC or ETH, rather than having to use cash.
Traders can capture an annualized yield of up to 9.5% by shorting ETH on the CME exchange.
The move follows registration for a standalone Truth Social bitcoin ETF earlier this month.
The rise of staking represents a critical point in Ethereum’s development, says SenseiNode’s Pablo Larguía.
The withdrawals took place even as prices zoomed higher alongside a risk-reset on Wall Street.
Data shows investors likely bought the dip, snapping up ETH at lower prices.
US spot Bitcoin ETFs have contributed to 100% of the record-breaking $44.2 billion crypto ETF inflows in 2024, according to CoinShares.
Steno predicts Bitcoin at $150,000 and Ether at $8,000, setting the stage for an altcoin season in 2025.
They still lag BTC ETFs, which closed out 2024 with upwards of $35 billion in net inflows.
The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.
The monthly record in ETF inflows was insufficient to lift Ether's price past the $3,500 resistance, which would trigger over $1 billion worth of leveraged short liquidations.
The two Bitwise executives have worked tirelessly to get crypto exchange-traded funds approved by the SEC, and this year they finally succeeded.
This week’s Crypto Biz explores Ether ETFs growing inflows, the political moves behind Meta’s stablecoin sunset, BitGo’s plans for India, and more.
Over the past two weeks, spot Ether ETFs have clocked in more than $1.3 billion in inflows as the cryptocurrency rallied close to $4,000.
Ether has outperformed Bitcoin in futures yields, signaling more potential ETF inflows that could catalyze a rally above $4,000 before Jan. 20.
Bitcoin remaining range-bound below $100,000 may be a net positive for Ether’s price and invite more investment in the world’s second-largest cryptocurrency.
As a result of the reverse share splits, the Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF are set to see 5x and 10x price increases, respectively.
The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times.
Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%.
Bitcoin's price has now corrected approximately 6% since the all-time high break on Nov. 13.
Bitcoin dominance continues its uptrend and hits new highs as ETF inflows soar.
Following their listing, ether ETFs did not enjoy the same response as their bitcoin equivalents had done in January.