Bitcoin’s two-week-long negative streak came to an end on Monday, while the net inflows for the past five-day trading period skyrocketed to over $400 million. The same cannot be said for the spot Ethereum ETFs, as the products continue to bleed out and see little to no actual demand. Spot BTC ETFs Back on Track CryptoPotato reported last week the longest negative streak that the spot Bitcoin ETFs were on, as they saw roughly $900 million in net outflows from August 26 until...
Read More »Ethereum Whales Dump Ether: Are Prices Headed for Steep Decline?
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Read More »Ethereum (ETH) Price Faces Midterm Bearish Pressure Fueled by Whales Taking Profits
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Read More »Bitcoin Leads with $543M in Inflows Amid Powell’s Jackson Hole Comments
Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days. According to CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated the market, drawing in $543 million in...
Read More »Google Gemini Names Next Crypto to Get an ETF
Alphabet Inc’s Google department is making great strides with its AI chatbot, Gemini. Among Large Language Model AIs (LLMs), it competes with the likes of ChatGPT, Meta AI, and X’s Grok. As such, CryptoPotato decided to inquire about what cryptocurrency could be the next to have an exchange-traded fund in the States to track its performance. Alphabet’s Gemini Gets to Work While Nvidia AI chips are most popular for loading and calibrating AI chatbots, the Mountain View,...
Read More »ETF Weekly Recap: Only Inflows for Bitcoin but Ethereum Products Register Longest Outflow Streak
Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products. However, Ethereum ETFs are in the opposite corner, with minor trading volumes and withdrawals. Bitcoin ETFs on a Roll The spot Bitcoin ETFs had a rough start of the month as they lost more than $550 million in just three days on August 2, 5, and 6. This coincided with the major crash for BTC as the asset tumbled from over...
Read More »Spot Bitcoin ETFs Record $39.4M Inflows as Ether ETFs Decline
According to data from Soso value, Grayscale’s Bitcoin Mini Trust contributed the bulk of the total amount with $14.2 million in net inflows. It is closely followed by Fidelity’s FBTC and Bitwise’s BITB, with $10.7 million and $10 million in inflows, respectively. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded $8.4 million in inflows, while Franklin Templeton’s EZBC and Invesco Galaxy’s BTCO received inflows of $3.5 million and $2.5 million,...
Read More »Ethereum ETFs Hit Record Outflow Streak as Investment Drought Continues
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Read More »Conflux (CFX) Network Partners with China Mobile’s Migu to Launch Blockchain-Based Video Ringtones
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Read More »Ethereum Leads Market Recovery with $155M Inflows Amid Recent Downturn
Ethereum has seen the greatest advantage from the recent market downturn as investors appeared to have viewed the price weakness as a buying opportunity. In fact, data suggests that Ethereum has managed to attract $155 million in inflows over the past week. According to CoinShares, the latest round of inflows boosted its year-to-date total inflows to $862 million, the highest since 2021, primarily fueled by the recent introduction of US spot-based ETFs. Inflows Rebound...
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