On June 15, Bitcoin spot ETFs experienced $64.8 million in outflows, mainly due to Grayscale's GBTC losing $124 million in a single day. However, other Bitcoin funds gained about $59 million, partially offsetting the losses. Meanwhile, altcoin ETFs attracted fresh capital, with Ethereum ETFs gaining $22.5 million, Solana $2.7 million, and XRP $2.8 million. This shift indicates institutional investors are diversifying from Bitcoin into altcoins, with XRP notably accumulating over $1.4 billion since launch, signaling growing confidence in altcoin ETFs as portfolio holdings.
Ethereum surged past $2,500 for the first time since mid-April, driven by strong inflows of $512.4 million into US spot Ethereum ETFs over four days and a massive $1.69 billion short position liquidation in three days. This rally marks a 26.4% gain o...
Ethereum wallets holding over 1000 ETH reduced their holdings by 2.9% from May to August, trimming 1.7 million coins. Meanwhile, smaller wallets holding 1 to 10 ETH increased their share, indicating retail accumulation. Staked ETH also rose to a reco...
Institutional investors are increasingly using Coinbase's staking services to earn rewards and secure assets on proof-of-stake networks like Ethereum and Solana. This trend signals growing institutional confidence in Ethereum's long-term potential an...
Cryptocurrency markets experienced notable gains with Bitcoin rising 6.4% to $77,338 and Ethereum up 4.2% to $2,427. Several altcoins showed significant increases, including BCH up 28.3%, ZEC up 21.2%, and PEPE surging 22.4%. These movements indicate...
Pi Network's price rose about 4% to $0.0939, approaching the key $0.10 level amid a broad cryptocurrency market rally. The wider crypto market surged over 6%, with Bitcoin hitting a 14-week high of $79,500. Pi Network's recent boost follows the launc...
