Ethereum ETFs experienced $70.62 million in net outflows on Friday, ending a five-day streak of capital inflows that totaled $211.25 million. Despite this reversal, the weekly net inflows remained positive at $103.9 million, marking the third consecutive week of gains. Ethereum's price closed at $1,837, trading below its average acquisition cost of $2,304, which typically reduces selling pressure. Market indicators suggest Ethereum may be forming a price bottom, but key metrics have yet to confirm a strong upward trend, with the ETH/BTC ratio at its lowest since last August.
Abraxas Capital purchased 13,000 ETH worth about $32.39 million to hedge a large short position of 141,180 ETH valued at $353.27 million on Hyperliquid. The firm is maintaining both the short and spot positions simultaneously as part of a market-neut...
Bitmine Immersion Technologies purchased 28,086 ETH last week, worth about $69.4 million, bringing its total holdings to 5,929,198 ETH. The company aims to own 5% of Ethereum's total supply and needs around 171,000 more ETH to reach this goal. Despit...
Wintermute reports that despite recent volatility, Bitcoin's rally toward $80,000 is ongoing, driven by institutional investors and AI miners entering the market early. Unlike past cycles with steep crashes, this cycle shows a smaller drawdown, sugge...
BitMine Immersion Technologies has purchased an additional $70 million worth of Ethereum, acquiring 28,086 ETH in the past week. This brings BitMine's total Ethereum holdings close to 5% of the entire ETH supply, currently at 4.9%. Chairman Tom Lee r...
Ethereum traded near $2,475 on September 8, dropping about 0.7% as it remained stuck in a narrow range between $2,450 and $2,550. The market is cautious due to uncertainty over the Federal Reserve's potential interest rate hike, following stronger-th...
