There are dozens of crypto-related ETF filings under SEC review, and analysts recently raised their odds of approval this year to 90%.
The ramp-up in daily inflows comes as bitcoin's price rebounds amid a dollar index weakness tailwind, according to an analyst.
In-kind redemptions for crypto exchange-traded funds could be coming, according to one of the SEC's top leads Hester Peirce.
The Truth Social Bitcoin and Ethereum ETF is designed to track the performance of bitcoin and ether prices.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Ethereum ETFs have overcome more than $4 billion in net outflows from Grayscale's converted ETHE fund to reach the milestone.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Global Bitcoin and Ethereum-based funds led with net inflows of $1.1 billion and $124 million respectively.
Meanwhile, spot Bitcoin ETFs set a total net cumulative inflow record for the fifth straight day on Friday, though the inflow level was comparatively low.
U.S. spot Bitcoin ETFs' recent net inflow streak has extended to eight days, totaling $2.4 billion, despite relatively subdued price action.
Meanwhile, K33 launched a new share issuance plan to raise funds toward its 1,000 BTC treasury accumulation target.
Despite the positive ETF flows, analysts remain cautious amid the latest price dip as geopolitical tensions continue.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin-based funds rebounded with $1.3 billion in net inflows, while Ethereum products continued their strongest run since February.
Rising geopolitical tensions in the Middle East sent crypto markets downward as investors flee to safer assets.
According to recent technical analysis, Ethereum (ETH) may be gearing up for a major breakout that could propel the cryptocurrency close to the $4,200 mark. Meanwhile, ETH continues to attract growing institutional interest, with Ethereum exchange-traded funds (ETFs) outperforming their Bitcoin (BTC) counterparts. Ethereum Headed For A Breakout? In a recent X post, noted crypto analyst Titan of Crypto highlighted that ETH is climbing within a massive weekly broadening wedge structure. The analyst shared the following chart and suggested that ETH could be targeting the $4,200 level – marking the top of the wedge. For the uninitiated, a broadening wedge is a chart pattern characterized by diverging trendlines, where price makes higher highs and lower lows, forming a megaphone-like shape. It typically indicates increasing market volatility and can signal a potential breakout, with the direction depending on the prevailing trend and breakout confirmation. Related Reading: Ethereum Gains Momentum Amid Flat Funding Rates – Is This A Healthy Uptrend? Fellow crypto analyst Master of Crypto echoed a similar outlook, stating that ETH is “setting up for a big move,” especially with over $2.2 billion in short positions clustered near the $3,000 level. If Ethereum breaks above $3,000, it could trigger a short squeeze, potentially accelerating ETH’s rally. At the time of writing, ETH is trading 43.7% below its all-time high (ATH) of $4,878, recorded in November 2021. Capital flows also indicate rising institutional interest in Ethereum. Crypto market commentator Ted Pillows recently pointed out that spot ETH ETFs attracted $240.3 million in inflows yesterday, compared to $164.6 million for spot BTC ETFs. The stronger performance of ETH ETFs suggests that capital may be rotating from Bitcoin to Ethereum. It’s worth noting that while BTC is up 54% since June 2024, ETH is still down 24.6% during the same period. Crypto trader Merlijn the Trader shared the following monthly BTC/ETH chart showing two consecutive red candles, signaling a potential shift in momentum as BTC weakens relative to ETH. The trader noted that a similar capital rotation in 2020 preceded a “monster altseason.” Things Look Positive For ETH While altcoins like Solana (SOL), Tron (TRX), and SUI created fresh ATHs in 2024, ETH’s performance did not live up to expectations. As a result, the broader sentiment in the Etheruem ecosystem took a hit. Related Reading: Ethereum ‘Insanely Undervalued’ As Accumulation Addresses Keep Stacking – Is A Rally Imminent? However, 2025 appears to be ushering in a more favorable outlook. On-chain data reveals that ETH faces no major resistance until the $3,417 level. Additionally, ETH recently flashed a golden cross on the daily chart – a bullish technical signal that could indicate an impending rally. At press time, ETH trades at $2,756, down 1.7% in the past 24 hours. Featured image from with Unsplash, charts from X and TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Analysts attribute the inflows to positive regulatory discussions around DeFi and stablecoins, alongside a spillover effect from bitcoin.
BlackRock's IBIT product dominates spot Bitcoin exchange-traded funds by trading volume, with a current 79% market share.
Mainstream interest is broadening beyond Bitcoin's "store of value" use case toward blockchain-based financial innovation, the analysts said.
Ethereum-based funds led for the second week in a row, while the usually dominant global Bitcoin investment products saw further net outflows.
Bitcoin ETFs reached a similar milestone in late May, setting a cumulative inflow record, but have shed around $1 billion in value since then.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin could climb to $125,000 in June if a soft U.S. jobs report fuels expectations of early Fed rate cuts, according to Bitfinex analysts.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The usually dominant global Bitcoin-based funds slumped to $8 million in net outflows as a 34-day streak for BlackRock's IBIT came to an end.
The funds will operate as a “regular C corporation” for U.S. federal income tax purposes, which treats staking distributions as dividend income.
BlackRock's IBIT has dominated those flows and has witnessed no outflows since April 9 in a 33-day run of its own.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.S. spot Bitcoin and Ethereum ETFs attracted net inflows of $934.8 million and $110.5 million, respectively, on Thursday.