Latest news with #NateGeraci
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin ETFs Bleed Millions for 4th Straight Day as U.S. Stagflation Fears Weigh on BTC and Stocks
Investors withdrew money from U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) for the fourth consecutive trading day as U.S. service sector data raised the stagflation bogey. The 11 ETFs registered a cumulative net outflow of $196 million on Tuesday, with Fidelity's FBTC and BlackRock's IBIT accounting for the giant share of the tally, according to data source SoSoValue. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA The four-day outflow streak, the longest since April, began on Thursday when the ETFs bled $114.83 million, followed by $812.25 million on Friday and $333.19 million on Monday. The U.S. ISM Non-Manufacturing or services PMI released on Tuesday showed tariff-driven inflation, employment weakness and trade disruptions, all pointing to stagflation, the worst outcome for risk assets, including technology stocks and cryptocurrencies. The U.S. stocks dropped, with the tech-heavy Nasdaq index losing 0.7% to reverse Monday's gain. Bitcoin, the leading cryptocurrency by market value, fell over 1% to $112,650, and last changed hands near $114,000, according to CoinDesk data. "Stagflationary mix on the ISM knocking risk here," founders of the newsletter service LondonCryptoClub said on X as markets dropped following the services PMI release. "Services employment contracting, new orders and activity barely expanding, prices rising. Stagflation, of course, is the most toxic combination for risk IF it prevents the Fed being able to cut rates to cushion slowing growth," the founders added. Bets on the Fed rate cut have risen since Friday's disappointing nonfarm payrolls data, which indicated labour market weakness. According to Bloomberg, options linked to the Secured Overnight Financing Rate, which closely tracks the expected trajectory of the Fed's monetary policy, indicate the possibility of cuts in each of the three remaining meetings this year, potentially bringing down rates by a total of 75 basis points in 2025. According to LondonCryptoClub, rising risks to growth and employment will be sufficient for the Fed to cut in September. Ether ETFs register inflows While BTC ETFs registered outflows, ether (ETH) ETFs amassed $73.22 million in investor money, snapping a two-day losing streak. The SEC's guidance that staking activities and the receipt of tokens, under certain conditions, do not constitute securities offerings likely galvanized investor interest in ether ETFs. According to Nate Geraci, president of NovaDius Wealth Management, the guidance has cleared the last hurdle, stopping the market regulator from approving spot ether ETFs with while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Morning Minute: SEC Gives Crypto Staking The Green Light
GM! Today's top news: Crypto majors dip after Monday's rally; BTC at $114,300 SEC gives green light to liquid staking, says not securities SBET adds 83,561 ETH in past week, now holds $1.9B Pump Fun re-flips LetsBonk in volume, market share; Pump coins jump Ape CryptoPunk sells for 720 ETH ($2.58M) 🏛️ SEC Gives Crypto Staking The Green Light The SEC is going on offense right now with respect to crypto. In a very good way. The SEC has formally exempted major Ethereum and Solana staking protocols, Lido and Jito, from securities laws. This ruling means that their staking services, and the liquid staking tokens they issue (stETH, mSOL, jitoSOL, etc.), will not be treated as securities under U.S. regulations. SEC Exempts Liquid Stakers Like Ethereum's Lido, Solana's Jito From Securities Laws The decision came after months of speculation that liquid staking might be in the crosshairs following the Commission's lawsuits against other staking-as-a-service offerings. And it's likely the final clarification needed to give the greenlight to the staking ETFs. 'SEC says certain liquid staking tokens are NOT securities... Think last hurdle in order for SEC to approve staking in spot eth ETFs. The reason? Liquid staking tokens will be used to help manage liquidity w/in spot eth ETFs, something that was a concern for SEC.' - Nate Geraci, on X 'The SEC continues to provide clarity––today, it's liquid staking. In a detailed statement, they carefully demonstrate why ordinary liquid staking activities should not be regulated under securities laws. Huge win.' - Miles Jennings, on X 🧠 Why It Matters This is a major win for Ethereum and Solana, and for the broader crypto DeFi sector. For months and years, crypto staking was in a gray zone. That's no longer the case. The SEC's move does more than remove legal risk for Lido and Jito; it clears the path for non-custodial, protocol-level staking. For ETH: Lido's dominance (over 30% of all staked ETH) means this effectively safeguards a huge slice of Ethereum's economy For SOL: Jito is central to Solana's staking and MEV infrastructure, so regulatory clarity could accelerate institutional interest For DeFi: This could set a precedent for other decentralized protocols that operate without a central operator, especially in areas like restaking, liquid restaking, and cross-chain staking derivatives. For ETFs: Staking is very likely to be approved for both ETH and SOL But perhaps the biggest takeaway of all - the SEC is making good on their promises and guidance laid out in Project Crypto. And they're accelerating. Expect more clarity like this to keep on coming… 🌎 Macro Crypto and Memes A few Crypto and Web3 headlines that caught my eye: Crypto majors BTC -0.3% at $114,300, ETH -1% at $3,630, XRP -4% at $2.95, SOL -4% at $164 PUMP (+6%), MNT (+3%) and TRON (+1%) led top movers ETH ETFs flipped green again on Tuesday with $73.3M in inflows after a 2-day outflow streak; the BTC ETFs are now on a 4-day outflow streak The SEC confirmed that Ethereum staking protocols such as Lido and Solana's Jito were exempted from SEC securities laws Stablecoin usage hit a new ATH of $1.5T in July Coinbase launched an Embedded Wallets SDK letting developers integrate stablecoin-friendly crypto wallets directly into apps with simple logins, removing seed phrase friction Coinbase also plans to raise $2B via a convertible note offering Solana began shipping its second generation of Seeker smartphones In Corporate Treasuries SharpLink Gaming increased its Ethereum holdings to 521,939 ETH (~$1.9B), adding 83,561 ETH ($307M) in the past week Strategy and Trump Media absorbed much of Galaxy Digital's ~80,000 BTC ($9B) sale, boosting their corporate bitcoin treasuries and alleviating broader market pain Upexi announced it now holds over 2M SOL ($335M), trading at 1.6x mNAV CEA Industries raised $500M for its BNB treasury, while MEI Pharma purchased $100M of LTC for its treasury In Memes Memecoin leaders are mostly red on the day; DOGE -3%, Shiba -2%, PEPE -3%, BONK -7%, PENGU -7%, TRUMP -2%, SPX -2%, and FARTCOIN -7% Pump Fun reflipped LetsBonk in volume, traders and tokens bonded according to Jupiter's data (now 55% market share) TROLL jumped another 60% to $190M and a new ATH; HOUSE (+70%), SPARK (+450%), BUCKY (+30%) and CHILLHOUSE (+20%) led notable movers 💰 Token, Airdrop & Protocol Tracker Here's a rundown of major token, protocol and airdrop news from the day: Succinct Labs launched its PROVE token, debuting at $237M ($1.2B fdv) Towns Protocol debuted its TOWNS token and airdrop, with TOWNS debuting at $86M market cap ($630M fdv) MoonPay in partnership with Axal, offering automatic onchain yield (6-10% apy on stables), savings and DeFi tech Base briefly went down for 29 minutes on Tuesday where block production was halted Hyperliquid earned 35% of all blockchain revenue in July according to data from Artemis 🤖 AI x Crypto Section dedicated to headlines in the AI sector of crypto: Overall down 2% to $10.35B, leaders were mostly red FARTCOIN (-7%), VIRTUAL (-4%), TIBBIR (+7%), ALCH (-5%), & ai16z (-5%) GAMBLE (+200%), DARK (+70%) and TETSUO (+16%) led top movers 🚚 What is happening in NFTs? Here is the list of other notable headlines from the day in NFTs: ETH NFT leaders ; Punks even at 51.5 ETH, Pudgy -1% at 14, BAYC +1% at 12 ETH Mooncats (+30%) and Otherdeeds (+20%) led notable top movers Bitcoin NFTs were mostly red or even Abstract NFTs were mostly green, led by Noah's Ark (+160%) and Klara (+27%) An Ape CryptoPunk sold for 720 ETH ($2.58M) in the biggest Punk sale in months (Punk floor unchanged at 51.5 ETH) XCOPY's 'hello admin dm me' sold for 65 ETH ($232,700) on Gondi A Skeleton Meebit sold for 23.8 ETH ($85,811)
Yahoo
02-08-2025
- Business
- Yahoo
Bitcoin and Ethereum ETFs suffer second-worst day of 2025 in ‘odd end' to landmark week for crypto
Spot crypto exchange-traded funds saw a sharp reversal on Friday, with both Bitcoin and Ethereum products recording their second-largest daily outflows of the year. Investors pulled $812 million from Bitcoin funds — second only to the $1.15 billion outflow on February 25 — while Ethereum ETFs lost $153 million, ending a record 20-day inflow streak. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation ETFStore President Nate Geraci called it an 'odd end' to what he described as 'perhaps the most important week ever' for crypto, citing major regulatory moves including in-kind redemption approvals, exchange-backed ETF fast-track filings, and the SEC's launch of Project Crypto. The US Securities and Exchange Commission made multiple policy shifts throughout the week, beginning with its approval of in-kind creations and redemptions for spot Bitcoin and Ethereum ETFs. This change allows ETF shares to be exchanged directly for the underlying crypto assets, rather than cash, which reduces costs and helps ETFs better track the price of Bitcoin and Ethereum. On the same day, Cboe filed for formal approval of generic listing standards for crypto ETFs, while analysts say NYSE Arca is expected to follow. Nasdaq has also submitted a separate listing‑standards proposal, though coverage of a coordinated filing among all major exchanges is still pending. Meanwhile, SEC Chair Paul Atkins unveiled Project Crypto — a deregulation push aimed at overhauling outdated securities rules to accommodate on-chain markets, tokenisation, and financial 'super-apps.' In a Thursday speech, Atkins called for 'fit-for-purpose' guidance to clarify which tokens are securities and streamline the creation of regulated crypto products. Despite Friday's ETF outflows, both Bitcoin and Ethereum ended July on strong footing. Bitcoin closed the month above $116,000 — a new monthly all-time high — before slipping back to around $114,000 on Saturday. Ethereum finished July at $3,700, returning to levels last seen in March and December 2024, though it has since dipped to roughly $3,500. Crypto market movers Bitcoin has lost 0.5% in value over the past 24 hours and is trading at $113,840. Ethereum is down 2.7% in the same period to $3,510. What we're reading Trustless VPN signups surge as UK Online Safety Act sparks privacy rush — DL News You don't realize how big July was — Milk Road How Michael Saylor Will Keep Strategy From Ever Being Liquidated of Its Bitcoin — Unchained Coinbase's $1.5bn revenue shows thinning volume as the 'crypto superapp war' wages on — DL News Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ 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
25-07-2025
- Business
- Yahoo
Ethereum ETFs celebrate first year with 11-week ‘god candle' streak topping $6.4bn
Ethereum ETF investors are starting to forget what the colour red looks like. Just one year after their launch in the US, spot Ethereum funds are approaching their eleventh consecutive week of investments, raking in more than $6.4 billion over that stretch. That accounts for roughly 72% of their total $8.9 billion in investments since inception. Momentum has only gotten stronger in recent days. ETFStore president Nate Geraci noted that Ethereum ETFs have outpaced their Bitcoin counterparts in net investments for six trading days in a row, with $2.4 billion flowing into Ether products versus $830 million for Bitcoin. Much of that came from Fidelity's Ether fund, called ETHA, which just doubled in size from $5 billion to $10 billion in only 10 days. It's the 'ETF asset equivalent of a God candle,' Bloomberg ETF analyst Eric Balchunas wrote on X, adding that ETHA is now the third-fastest ETF in history to hit $10 billion, behind only BlackRock's and Fidelity's Bitcoin funds. While Bitcoin ETFs still lead in total assets by a wide margin, Ethereum's rapid rise suggests a shift in investor appetite. Investors may prefer holding an Ether fund as a proxy for riding the token's latest rebound without needing to hold the asset itself. After hitting a two-year low near $1,400 in April, Ethereum has more than doubled to around $3,600. Some analysts are pointing to the passage of landmark stablecoin regulation in the US as a key driver. After all, roughly 50% of the entire $265 billion stablecoin industry exists on the Ethereum network, according to DefiLlama. 'The standout proposition of institutional Ethereum accumulation seems to be stablecoin growth, which has been further accelerated by the recent success of Circle IPO,' Matthew Dibb, the chief investment officer at digital asset manager Astronaut Capital, told Reuters. Now, investors are setting their sights even higher for the number two cryptocurrency. Arthur Hayes, CIO of Maelstrom, has placed a $10,000 price target on Ethereum this year, while other analysts see $7,000 as increasingly realistic. Crypto market movers Bitcoin has lost 3% in value over the past 24 hours and is trading at $115,000. Ethereum is up nearly 1% in the same period to $3,610. What we're reading Roman Storm worried about Tornado Cash 're-centralisation' in private messages — DL News Wait, are we bearish on the ETH ETFs? — Milk Road Suspect in NYC crypto kidnapping, torture case allegedly involved his assistant: DA — ABC News LetsBONK Allocates 1% Revenue to Weekly Buybacks of Top Memecoins — Unchained token sheds another 15% as co-founder curbs airdrop hopes — DL News Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ 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
Crypto Insight
12-07-2025
- Business
- Crypto Insight
US Bitcoin ETFs record first back-to-back $1B inflows
US-based spot Bitcoin ETFs recorded over $1 billion in inflows for the second consecutive day on Friday, marking the first time since their January 2024 launch that they've seen two back-to-back days with ten-digit inflows. On Friday, the 11 spot Bitcoin ETF products recorded total inflows of $1.03 billion, following $1.17 billion in inflows the day before, according to Farside data. $2.72 billion flowed into Bitcoin ETFs across the ATH week NovaDius Wealth Management president Nate Geraci said in an X post that since the January 2024 launch, there have been only seven inflow days exceeding $1 billion, two of which occurred in the past two days. Before that, the last was on Jan. 17, with $1.07 billion. The $1.17 billion inflow on Thursday was their second-largest daily inflow since inception, behind only the $1.37 billion recorded on Nov. 7, 2024, when Donald Trump won the US presidential election. Bitwise Invest chief investment officer Matt Hougan said in a Friday post that while the Bitcoin network produced about 450 Bitcoins on Thursday, spot Bitcoin ETFs bought around 10,000. Similarly, Jan3 pointed out that on Wednesday, Bitcoin ETF demand was '22x greater' than the daily mined supply. Jan3 CEO Samson Mow said, 'This demand is not sustainable at these price levels.' It was a strong trading week for spot Bitcoin ETFs, with $2.72 billion in inflows over five days, as Bitcoin's spot price hit fresh all-time highs of $112,000 on Wednesday and continued climbing to reach $118,780 on Friday, according to CoinMarketCap data. BlackRock's Bitcoin ETF becomes fastest ETF to cross $80 billion in AUM The price surge led to BlackRock's spot Bitcoin ETF (IBIT) crossing $80 billion in assets under management (AUM) on Thursday. ETF analyst Eric Balchunas said in a post on Friday that it was the 'fastest ETF' to ever do that in 374 days. It was recently reported that BlackRock now earns more revenue from its IBIT fund than its flagship S&P 500 fund, iShares Core S&P 500 ETF, on an annual basis. Balchunas added, 'Total assets for all the spot Bitcoin ETFs crossed $140b for the first time as well.' However, he said that the price surge did 'most of the heavy lifting here.' Source:
