On June 12, U.S. spot Ethereum ETFs experienced $4.95 million in net outflows, with BlackRock's ETHA fund leading the decline by $4.53 million and 2,720 ETH withdrawn. Most other Ethereum ETFs showed no daily flow changes but saw price declines. Total trading value reached $483.85 million, with net assets at $9.16 billion, representing 4.56% of Ethereum's market cap. The outflows and price drops highlight investor caution amid market volatility, with BlackRock's ETHA and Fidelity's FETH funds most affected. Smaller ETFs maintained stable flows but also faced price declines. Investors should watch for further market shifts impacting Ethereum ETF performance.
Bitcoin reached a cycle bottom at $59,375 on June 5, marking a 53% drop from its peak. This low was driven by investors selling Bitcoin ETFs to fund SpaceX's IPO, which debuted strongly on Nasdaq with a 26% gain, easing crypto selling pressure. Addit...
The SpaceX IPO on June 12 triggered high demand and refunds on crypto platforms like Kraken and Binance due to limited share allocations. Standard Chartered remains bullish, forecasting Bitcoin to hit $100,000 and Ethereum $4,000 by year-end, citing ...
Standard Chartered analyst Geoffrey Kendrick reaffirmed the bank's year-end price targets of $100,000 for Bitcoin and $4,000 for Ethereum following a recent market selloff. He identified the Bitcoin drop to around $59,000 as the likely cycle low and ...
Ethereum's price hovers around $1,670 with a slight 1% gain but remains trapped in a bearish technical pattern called a bear flag, limiting upside potential below $1,700. A decisive break above $1,700 could push prices toward $1,850–$1,900, while fai...
Ethereum is currently testing a critical support zone between $1,600 and $2,000, a level that has historically led to significant rebounds. Analysts highlight that holding this support could trigger a major recovery, while a breakdown might lead to f...
