After a stretch of sluggish activity, spot Ethereum ETFs are seeing renewed momentum, largely attributed to increased liquidity following recent Federal Reserve rate cuts.
Despite a slow start to the week, institutional interest in Ethereum investment products has returned, pushing prices up even as large-scale ETH holders have been selling off.
On September 27, Fidelity’s FETH led the pack with $42.5 million, followed by BlackRock’s ETHA with $11.5 million.
At the same time, Grayscale’s ETHE saw $10.7 million in outflows. Earlier in the week, the market had seen nearly $80 million in outflows, but BlackRock’s move quickly restored positive momentum.
Meanwhile, on-chain data reveals significant Ethereum sell-offs. Two major institutions offloaded large sums, including 11,800 ETH by Cumberland and 5,134 ETH from ParaFi Capital.
Additionally, a long-dormant whale sold nearly 13,000 ETH for over $34 million. Despite these large liquidations, the strong ETF inflows seem to be cushioning the market from a deeper decline.
A new report from Standard Chartered highlights that publicly traded companies holding Ethereum (ETH) as a treasury asset have emerged as a unique and fast-evolving asset class, distinct from traditional crypto vehicles such as ETFs or private funds.
Fartcoin (FARTCOIN) has gone down by 17.3% in the past 24 hours and currently sits at $1.14. As the token approaches $1, one trader favors a bullish Fartcoin price prediction. DevKhabib, a pseudonymous trader whose X account is followed by nearly 46,000 users, says that he expects a big bounce off the $1 support after […]
Amid current market volatility, blockchain analytics firm Santiment has reported a notable rise in whale activity targeting a select group of altcoins.
Binance has officially announced the launch of PlaysOut (PLAY), a new token debuting on Binance Alpha, with trading scheduled to begin on July 31, 2025, at 08:00 UTC.