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Yahoo
3 days ago
- Business
- Yahoo
Bitcoin Regains Perch Above $115,000 as Crypto Markets Rebound
Crypto markets rebounded on Wednesday, led by gains for Bitcoin and Ethereum which reclaimed $115,000 and $3,600, respectively. BTC recently gained 1.3% over the past 24 hours, while ETH has jumped 2.8% in that timeframe. The second largest crypto asset's rise comes after Ethereum ETFs snapped a streak of two consecutive days of outflows by bringing in more than $73 million on Tuesday, according to data from Farside Investors. Bitcoin ETFs extended their streak of outflows, albeit with net outflows dropping to $196 million on Tuesday, compared to $333 million on Monday and $819 million on Friday. Analysts remain undeterred by recent outflows and the market dip which has brought Bitcoin 6% off its mid-July all-time high. 'Historically, when you zoom in to prior bull markets, it's never 'up only.' Instead, bull markets often are accompanied by volatility, and lots of it,' Bitwise Head of Research Ryan Rasmussen told Decrypt. 'The bull market we are currently in is no different. For starters, when prices run up to all-time highs, traders get over-excited, and they add leverage. Then, when the price moves down, they are forced to sell or get liquidated. That leads to short-term, whip-saw like sell-offs and rebounds. That's exactly what we've experienced over the past week.' Liquidations topped nearly $900 million on Friday as Bitcoin sank to around $113,000 and Ethereum and XRP, a Ripple-linked asset, dropped to $3,500 and $2.92. Ethereum Treasuries a Better Investment Than ETH ETFs: Standard Chartered Prices have all rebounded as of Wednesday though, marking negligible weekly losses of between 1% and 3% for the aforementioned trio. Other leaders, like Solana and BNB joined the rebound, each jumping more than 3% in the last 24 hours, outperforming the entire crypto market which has gained just 1.8% in the last day according to data from CoinGecko. 'We are long-term oriented at Bitwise. Our long-term view is that, despite the expected and likely ongoing bouts of short-term volatility, we are in a prolonged multi-year bull market,' Rasmussen said. 'We view the volatility along the way as an opportunity for investors to strategically position their portfolios for the long-term growth of crypto.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Bitcoin ETFs Pull In $91.6M, Snapping Four-Day Outflow Streak
Bitcoin ETFs ended a four-day streak of outflows Wednesday, pulling in $91.6 million according to data from Farside Investors. The reversal suggests renewed investor confidence despite last week's pullback and string of outflows, analysts told Decrypt. This week's CoinShares Digital Asset Fund Flows report, published Monday, speculated that last week's outsize outflows were likely a reaction to the U.S. Federal Reserve's hawkish stance. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Thor Metals Group: Best Overall Gold IRA However, inflows of $91.6 million into Bitcoin ETFs Wednesday, and $110.4 million into Ethereum ETFs over the past two days, indicate that the narrative has shifted, according to Shawn Young, Chief Analyst at MEXC Research. He argued that investor sentiment has 'begun to stabilize after a volatile stretch,' corroborating the recent flip in ETF flows. Fed rate cut incoming? The significant downward revision to the May and June jobs data, coupled with the firing of the U.S. Bureau of Labor Statistics chief by President Donald Trump, has fanned the fires of this narrative shift. The increased odds of a September rate cut over the past week underscore the market's expectation of a bullish scenario, with predictors on Myriad positing an 82% likelihood of the Fed changing interest rates. (Disclaimer: Myriad is an on-chain prediction market launched by Decrypt's parent company DASTAN) Analysts Decrypt previously spoke to said that the odds of a rate cut are driving a short-term surge in liquidity despite soft fundamentals and macro risks. Weakness Begins to Emerge For Bitcoin as Crypto Market Trends South A combination of 'cooling inflation, Bitcoin's resilience and key support levels,' are the main drivers of the recent inflows, according to Young. However, he warned that while investor interest may have reignited, 'it's still too early to call a sustained uptrend.' Bitcoin is currently trading at just under $115,000, up 0.8% on the day, according to CoinGecko.
Yahoo
7 days ago
- Business
- Yahoo
Ethereum ETFs Face Outflows After Strong July Rally
Spot Ethereum exchange-traded funds experienced $376 million in outflows over five trading days ending Aug. 4, as investors appear to be taking profits following the cryptocurrency's 40.5% surge in July, according to data from Farside Investors. The outflows follow July's record-breaking performance, when nine spot Ethereum ETFs claimed the top 10 spots in monthly ETF performance rankings with 48% returns, according to FactSet data. The profit-taking comes as Ether retreated from recent highs, recently trading at around $3,583. Read More: Ethereum ETFs Lead July's Top ETF Performers ETHA Leads Exodus BlackRock, Inc.'s (BLK) iShares Ethereum Trust (ETHA) led the exodus with $375 million in outflows on Aug. 4 alone, according to Farside data. The fund, which attracted $4.2 billion in inflows during July's rally, saw its five-day outflow total reach $112.8 million. The Fidelity Ethereum Fund (FETH) posted $78 million in outflows over the five-day period, the data show. The fund had drawn $619.2 million in July flows during the crypto surge. Meanwhile, the Grayscale Ethereum Mini Trust (ETH) experienced $75.7 million in outflows, while the firm's larger Grayscale Ethereum Trust (ETHE) lost $43.2 million, according to Farside data. Broader Crypto Retreat Pressures Funds The outflows coincided with Ether's 5% decline over the past week, though the cryptocurrency remains up 40.5% for the month and 7.5% year to date, according to CoinMarketCap data. The selling pressure extended across the sector. The Bitwise Ethereum ETF (ETHW) saw $40.3 million in outflows on Aug. 1, while the VanEck Ethereum ETF (ETHV) lost $5.2 million over the period, the data reveal. Smaller players also felt the pressure. The Franklin Ethereum ETF (EZET) experienced $5.4 million in outflows, while the Invesco Galaxy Ethereum ETF (QETH) lost $8.4 million, according to Farside data. The 21Shares Core Ethereum ETF (CETH) posted $7 million in outflows over the period. Fund Five-Day Flows Year-to-Date Flows iShares Ethereum Trust ETF (ETHA) -$112.8M $5.8B Fidelity Ethereum Fund ETF (FETH) -$78M $684.4M Grayscale Ethereum Mini Trust ETF (ETH) -$75.7M $520.9M Grayscale Ethereum Trust ETF (ETHE) -$43.2M -$711.6M Bitwise Ethereum ETF (ETHW) -$40.3M $15M VanEck Ethereum ETF (ETHV) -$5.2M $36.8M Franklin Ethereum ETF (EZET) -$5.4M $18.4M Invesco Galaxy Ethereum ETF (QETH) -$8.4M $300K 21Shares Core Ethereum ETF (CETH) -$7M $11M Source: & Farside Investors Despite the recent outflows, spot Ethereum ETFs have attracted $6.4 billion in net inflows year to date, the data show. The funds' July performance surge reflected broader crypto momentum as Ethereum outpaced Bitcoin's gains during the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
Bitcoin ETFs' 12-Day Inflow Streak Comes to an End as Price Stalls
U.S.-listed spot bitcoin exchange-traded funds saw net outflows of $131.4 million on Monday, breaking a 12-day streak of uninterrupted inflows that brought in over $6 billion, according to data from Farside Investors. The pullback came as bitcoin (BTC) itself traded mostly flat to start the week. Prices continue to hover in a tight range on either side of $118,000 after a scorching run to a new record just below $124,000 two weeks ago. The now-ended ETF inflow streak coincided with that strong rally in bitcoin, the funds attracting more than $6 billion during the 12-day stretch. The outflows on Monday don't necessarily signal a change in sentiment, but they mark a pause in what had been one of the strongest runs of ETF inflows since the funds launched. Meanwhile, altcoins — after severely lagging bitcoin for months — have gained investor favor for the moment. Ether-based ETFs, for instance, posted $296.5 million in inflows on Monday, now having brought in $8 billion in assets since July 2. The ETH/BTC ratio, which had been in decline for roughly three years — has rebounded 24% over the past week and 39% over the past month. The divergence between bitcoin and ether ETF flows could reflect a rebalancing by investors looking to diversify within crypto or rotate into the newer offerings after a prolonged BTC rally. Despite the ETF cooling, bitcoin remains up nearly 20% over the past month and continues to trade near record highs. While volatility remains a factor, the data suggests that both investor interest and fresh capital are still flowing into the space — even if not quite as steadily as last in to access your portfolio
Yahoo
17-07-2025
- Business
- Yahoo
Rising Price, Record ETF Inflows—Is Ether Turning a Corner?
Key Takeaways The price of the cryptocurrency ether is up more than 40% this month, On Wednesday, U.S. spot ether ETFs enjoyed daily all-time high inflows of $727 million, and more than $2 billion has gone into these financial products since July 4. Likely reasons for the improved optimism around ether include the expected passage of the GENIUS Act and CLARITY Act by the House of Representatives and the approval of staked ether in the spot ETF price of ether, the native cryptocurrency of the Ethereum network, has more than doubled since its low point in April, a move marked by increased investor interest and upbeat industry trends. The move has been dramatic more recently, too, with the price rising more than 40% this month to about $3,400. U.S. spot ETH exchange-traded fund inflows on Wednesday reached a daily high of about $727 million, according to data from Farside Investors. That extended a strong run for the ETFs, with $2 billion of inflows since the July 4 holiday. (Spot bitcoin ETFs have still seen more than twice as much in inflows during this time, at roughly $4.2 billion.) The changing crypto regulatory environment in the U.S. under the Trump administration has benefited ether. Regulatory clarity around stablecoins and other crypto tokens may take another step forward following the potential passage of the GENIUS Act and CLARITY Act by the U.S. House of Representatives this week. And leadership at the Securities and Exchange Commission is expected to approve staking for spot ether ETFs by the end of the year, which is could improve the attractiveness of those institutional offerings. While bitcoin treasury companies have been the main talking point in the crypto market so far this year, a few ether treasury company pivots, such as SharpLink Gaming (SBET) and Bitmine Immersion Tech (BMNR), have also occurred over the past couple of months. Read the original article on Investopedia
