US spot Ethereum ETFs experienced net outflows for the ninth consecutive day on May 21, totaling $32.58 million in redemptions. The outflows were mainly driven by BlackRock’s ETHA fund, which saw $38.01 million in withdrawals, while smaller inflows occurred in other Ethereum ETFs, indicating issuer-specific reallocations rather than a broad exit from Ethereum exposure. Despite the outflows, trading volume remained high at $416.16 million, and the total assets under management stayed substantial at $12.21 billion, about 4.73% of Ethereum's market cap. This trend reflects cautious near-term institutional sentiment and ongoing portfolio adjustments rather than a fundamental shift away from Ethereum.
Ethereum is maintaining its long-term rising support line despite trading well below its previous high near $4,800 to $5,000. A weekly breakout above the short descending trendline and reclaiming the $4,800 resistance zone are crucial for confirming ...
Former Ethereum Foundation researcher Dankrad Feist proposed creating a $1 billion ETH-funded advocacy organization aimed at supporting Ethereum's price and competitive position. This comes amid a major talent drain at the Ethereum Foundation, with n...
XRP attracted significant ETF inflows totaling about $42 million over the past week, even as Bitcoin and Ether ETFs experienced heavy outflows and price pressure. XRP traded near $1.37 amid increased wallet creation, suggesting growing investor inter...
Ethereum's market sentiment weakened significantly in May, with its market cap falling 11.6% over 15 days due to ETF outflows, Ethereum Foundation exits, and slower network growth. Traders are concerned as Ethereum risks dropping below $2,000, with s...
Bitcoin trades near $77,324 with a slight dip, while Ethereum holds around $2,127 as traders focus on key technical levels like the 200-day moving average. Market cap stands at $2.67 trillion with Bitcoin dominance at 58.1%, signaling cautious sentim...
