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US ‘crypto week' drives record inflows, volume for Ether funds

US ‘crypto week' drives record inflows, volume for Ether funds

Time of India18-07-2025
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US exchange-traded funds for Ether posted record inflows and trading volumes as key crypto legislation endorsed by President Donald Trump advances.After a sluggish start to the year, investors on Wednesday poured $727 million into the group of nine ETFs, which also logged $2.6 billion in trading volume as Ether rallied. Open interest in Ether futures on CME Group also hit a fresh high, signaling mounting institutional demand for the second-largest cryptocurrency.Midway through what's been dubbed " Crypto Week " by a congressional committee, Republican conservatives on Wednesday dropped a two-day blockade of industry-backed crypto bills, paving the way for House votes on a series of measures backed by Trump.The rally in Ether adds to the momentum for crypto bulls, who pounced after the November election on bets that the second Trump presidency would usher in a new era of permissive regulation.Broadly speaking, they've been rewarded: leading cryptocurrency Bitcoin romped to a record $123,205 on Monday.Ether, which has long lagged Bitcoin and closer rivals like Solana, rose as much as 2.6% to $3,469 in early London trading on Thursday, its highest level since January.Bitcoin slipped 1.4% but continued to hold above $118,000.
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Trump blasts California wildfire aid, questions missing $100 million FireAid money
Trump blasts California wildfire aid, questions missing $100 million FireAid money

Hindustan Times

time18 minutes ago

  • Hindustan Times

Trump blasts California wildfire aid, questions missing $100 million FireAid money

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'Reminds Me Of India-Pakistan': Trump Claims He's Mediating Between Cambodia And Thailand

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Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing
Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing

Time of India

time28 minutes ago

  • Time of India

Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing

President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. "Japan is putting up $550 billion in order to lower their tariffs a little bit," Trump said Thursday. "They put up, as you could call it, seed money. Let's call it seed money." 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