The US spot Ethereum ETF issuers registered a net cash outflow of $3.24 million on Thursday, thus ending the longest period of notable cash inflows.
Despite a bullish market, institutional investors pulled $400 million from Bitcoin ETFs.
Positive flows like this usually signal that institutional and retail investors are increasingly fancying crypto investments.
Bitcoin’s surge to an ATH of $93,434 has sparked widespread excitement, but analysts urge caution as extreme market greed signals a possible short-term pullback.
US spot Ethereum ETFs are gaining momentum with total inflows reaching over $800 million in the past week amid the ETH price surge.
The implementation of the DOGE program will significantly cut the US government spending from the current $6.5T annual budget and heavily deregulate the country.
Nate Geraci, president of ETF Store, said ETFs are simply a bridge for the mainstream to access crypto. Once that bridge is fully built, no going back.
Since Bitcoin broke through its extended consolidation phase on October 13, where it traded at $62,507, it has risen over 40%.
Trump is reportedly considering several key officials to help with crypto regulation and ease rules, in support of the sector.
Crypto traders lost nearly $700 million in liquidation on Monday as Bitcoin continues to rally.
The crypto market has gained significant bullish momentum in the recent past following the interest rate cuts in the US and the UK and the overwhelming victory of Donald Trump.
The ongoing Bitcoin price rally could cool down before continuing with the bull market, thus triggering more crypto volatility and forced liquidation.
The estate asserts that Sam Bankman-Fried’s $1.75 billion repurchase agreement with Binance in July 2021 was a fraudulent transfer.
The positive sentiment extended to altcoins, with Ethereum reaching $3,100 and Solana crossing $200 for the first time this year
Bitcoin surged to a new all-time high of $81,858 this week, gaining over 17.5% and adding $300 billion to its market cap this week itself.