Latest news with #SoSoValue
CNBC
2 hours ago
- Business
- CNBC
Bitcoin retakes $120,000, ether touches 2021 highs after breaking key $4,000 level
Bitcoin is a stone's throw from its all-time high after an overnight rally that also propelled ether to levels not seen since 2021. The price of bitcoin was last higher by 1% at $119,782, according to Coin Metrics. Ether was down about 1.6% at $4,181, after surging on Sunday to its highest level since December 2021. On Friday, it broke $4,000 for the first time since December. The moves took place alongside a rise in U.S. equity futures, as investors looked ahead to a batch of key inflation reports. The stock market is also trading on the cusp of all-time highs. Shares of Coinbase gained more than 3% in premarket trading. Galaxy Digital rose 3%, bitcoin proxy Strategy advanced more than 2%, and several miners saw gains of more than 3%, including Mara Holdings, Riot Platforms and Iren. The crypto surge has been largely fueled by buying during Asia's trading hours, driven by the rapid expansion of U.S. debt, according to Markus Thielen, CEO of 10x Research. He noted that bitcoin's breakout of its "consolidation" in early July coincided with President Donald Trump signing of the Big Beautiful Bill, which included a $5 trillion debt ceiling increase. "Bitcoin's breakout isn't random, it's being fueled by the fastest U.S. debt expansion in history and that momentum isn't slowing down," he said. "Whether the economy stays strong or dips into recession, the flood of new debt is a tailwind for hard assets like bitcoin and gold." "The next major resistance level at $133,000 is now in sight, with positioning and market structure favoring the bulls," he added. Meanwhile, stocks tied to the price of ether rallied, as inflows into the new crop of treasury companies that's emerged recently have pushed the price of the second largest cryptocurrency above $4,000 – historically a challenging level for investors psychologically and technically. Shares of Bitmine Immersion Technologies were up about 11%, while SharpLink Gaming gained 3%. Last week, ether ETFs saw greater inflows ($326.83 million) than bitcoin ETFs ($246.75 million), according to SoSoValue.
Crypto Insight
02-08-2025
- Business
- Crypto Insight
Spot Ether ETFs clock $5.4B monthly inflow record amid 20-day streak
United States Spot Ether exchange-traded funds (ETFs) hit a new milestone in July, recording $5.43 billion in net inflows, their highest monthly total since launch, according to ETF tracker SoSoValue. July's performance represented a 369% increase over June's total net inflow of $1.16 billion, showing a significant surge in investor interest. It also eclipsed previous months like May's $564 million, April's $66.25 million and overturned March's outflow record of $403 million. The latest figures brought total cumulative net inflows for Ether ETFs to $9.64 billion, a 129% increase over June's total. Total net assets across all spot Ether ETFs rose to $21.52 billion, up 108% from $10.32 billion a month earlier. The new record placed spot ETH ETF performances near their Bitcoin counterparts, which recorded a monthly net inflow of $6.02 billion, a 30% increase compared to spot Bitcoin ETFs' record of $4.6 billion in June. Spot Ether ETFs extend inflow streak to 20 days Trading activity also intensified in July along with the surge in inflows. SoSoValue data showed that monthly trading volumes in July soared to $33.87 billion, up 236% from June's $10.08 billion, indicating heightened market participation and liquidity. Spot Ether ETFs also recorded 20 consecutive days of net inflows through the end of the month, with the last outflow occurring on July 2. BlackRock's iShares Ethereum Trust (ETHA) still dominated the charts with a total of $9.74 billion in cumulative net inflows. The fund now has net assets of $11.37 billion. The surge in spot ETF inflows coincided with the recent ETH July rally. During the month, the crypto asset rallied to a high of $3,933, according to CoinGecko. This marked a nearly 60% increase over its June 30 price of $2,469. Ethereum surge causes NFT revival Apart from ETFs, the Ether surge also influenced the non-fungible token sector. In July, NFTs recorded a monthly sales volume of $574 million, the sector's second-highest month in 2025. CryptoSlam data showed that the record marked a 47.6% increase over June's $388 million but still trailed January's sales record of $678 million. In addition, the ETH surge also increased the value of NFT collections on Ethereum. In July, the top 10 digital collectibles by market capitalization were Ethereum-based collections. Source:
Yahoo
19-07-2025
- Business
- Yahoo
Ether ETFs See Record $2.18B Weekly Inflow as ETH Rallies During 'Crypto Week'
U.S.-listed spot exchange-traded funds tracking ether (ETH) posted record inflows and trading activity over this past week, as investors seized on momentum from advancing crypto legislation backed by President Donald Trump. Over the week, the nine spot ether ETFs trading in the country saw $2.18 billion of net inflows, their largest figure since launching a year ago. July 16 saw $726.74 million, the largest daily net inflow for these funds, SoSoValue data shows. Open interest in ether futures on CME also reached a new high, suggesting a growing institutional appetite for the second-largest cryptocurrency. The surge came as the GENIUS Act was signed into law last week. It tightens rules for yield-bearing stablecoins, and to some analysts, it nudges treasuries toward native ETH staking and transparent restaking vaults. The price of ether rose more than 20% in the past seven days to briefly top the $3,600 mark before enduring a slight correction as the weekend started. It's now at $3,560. 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
12-07-2025
- Business
- Yahoo
Ethereum ETFs See Inflow Surge as BlackRock's ETHA Draws in Record $300M in a Day
Ethereum's ether (ETH), the second largest crypto asset, is seeing renewed investor interest, with spot exchange-traded funds (ETFs) in the U.S. recording one of their strongest streak of momentum of their one-year history. On Thursday, BlackRock's iShares Ethereum Trust (ETHA) booked its largest daily inflow to date, with over $300 million, pushing its total assets under management to $5.6 billion, data compiled by Farside Investors show. That's part of a broader resurgence in ether-backed investment products. The nine U.S.-listed ETH ETFs attracted a combined $703 million in net inflows this week, according to crypto data provider SoSoValue. Although Friday's data is still pending, it has already marked the third-strongest weekly haul since the products launched last July. Investor demand has picked up lately even as ether's price has lagged behind bitcoin this year, a new report from asset manager Fineqia noted. The AUM of ETH-backed exchange-traded products (ETPs) grew 61% faster in the first half of 2025 than the market capitalization of the underlying asset, a sign of steady inflows into the products, the report said. The report notes that ETP demand began to rebound by late April and continued into June, outpacing ETH's price gain. The capital flood helped fuel ETH's rebound to $3,000, its highest price in more than four months.
Yahoo
12-07-2025
- Business
- Yahoo
Ethereum ETFs See Inflow Surge as BlackRock's ETHA Draws in Record $300M in a Day
Ethereum's ether (ETH), the second largest crypto asset, is seeing renewed investor interest, with spot exchange-traded funds (ETFs) in the U.S. recording one of their strongest streak of momentum of their one-year history. On Thursday, BlackRock's iShares Ethereum Trust (ETHA) booked its largest daily inflow to date, with over $300 million, pushing its total assets under management to $5.6 billion, data compiled by Farside Investors show. That's part of a broader resurgence in ether-backed investment products. The nine U.S.-listed ETH ETFs attracted a combined $703 million in net inflows this week, according to crypto data provider SoSoValue. Although Friday's data is still pending, it has already marked the third-strongest weekly haul since the products launched last July. Investor demand has picked up lately even as ether's price has lagged behind bitcoin this year, a new report from asset manager Fineqia noted. The AUM of ETH-backed exchange-traded products (ETPs) grew 61% faster in the first half of 2025 than the market capitalization of the underlying asset, a sign of steady inflows into the products, the report said. The report notes that ETP demand began to rebound by late April and continued into June, outpacing ETH's price gain. The capital flood helped fuel ETH's rebound to $3,000, its highest price in more than four 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
