American spot Bitcoin ETFs experienced $527 million in net outflows over four trading sessions ending July 2, extending their unprecedented streak to eight consecutive weeks of withdrawals. Despite a single-day inflow of $221.7 million on July 2, the overall weekly trend remained negative, driven largely by BlackRock’s IBIT fund, which has seen 11 straight days of outflows totaling about $2.2 billion. Ethereum ETFs also faced weekly outflows but showed gains in the last two days. Bitcoin’s price recovered from a 21-month low to around $63,150, influenced by weaker U.S. employment data reducing the chance of Fed rate hikes. The ongoing outflows highlight investor caution amid market volatility and regulatory challenges.
BitMine Immersion Technologies has purchased an additional $19 million worth of Ethereum, bringing its total holdings to about 5.78 million ETH, or roughly 4.8% of all Ethereum in existence. The company has been steadily buying ETH weekly since June ...
Charles Hoskinson, founder of Cardano, responded strongly to criticism from Lorenzo Valente, Ark Invest's Director of Research, who questioned Cardano's relevance in the crypto industry. Valente criticized the continued attention Cardano receives, su...
