Spot Bitcoin exchange-traded funds in the United States have extended their inflow streak to nine consecutive trading days, pulling in a combined $2.12 billion — a sign that institutional conviction remains high even as BTC struggles to reclaim the $80,000 level.The streak, which began on April 14, marks one of the longest uninterrupted inflow runs since the products launched in January 2024. BlackRock’s IBIT led the charge with over $900 million in net new capital, followed by Fidelity’s FBTC and ARK Invest’s ARKB.”We’re seeing a different kind of buyer now,” said one portfolio manager at a major Wall Street firm.…
Author: Alex Turner
Three key on-chain and derivatives metrics are converging to suggest that Ethereum could be building toward a major price rally that could carry ETH to as high as $6,000, according to analysis published by several prominent research desks this week.First, Ethereum’s exchange supply ratio has dropped to its lowest level in over two years. When exchange supply declines, it signals that holders are moving coins into self-custody rather than preparing to sell, reducing available selling pressure.Second, the ETH/BTC ratio has shown tentative signs of recovery after months of decline. A sustained reversal historically precedes major Ethereum outperformance versus Bitcoin.Third, Ethereum’s…
Solana has surpassed Ethereum in daily transaction count for the third month running, processing an average of 62 million transactions per day in April compared to Ethereum’s 1.3 million — cementing its reputation as the blockchain of choice for high-frequency applications including DeFi, NFTs, and consumer-grade dApps.The gap reflects a fundamental architectural difference: Solana’s parallel processing engine handles thousands of transactions per second at sub-cent fees, while Ethereum’s base layer prioritizes decentralization and security over raw throughput. Most Ethereum volume has migrated to Layer 2 networks like Base, Arbitrum, and Optimism, which together process a further 12 million daily transactions.”Raw…
Grayscale Investments has launched the first US-listed Ethereum staking ETF after receiving regulatory approval from the Securities and Exchange Commission, marking a landmark expansion of the crypto ETF product universe that could unlock billions in new institutional capital.The fund, listed on NYSE Arca under the ticker ETHS, holds spot ETH and stakes the majority of its holdings through institutional validator services, passing the staking yield — currently approximately 3.8% annually — through to shareholders after fees. The management fee is set at 0.25%, making it competitive with existing spot Ethereum ETFs.”This is the product the market has been waiting for,”…
Strategy — the enterprise analytics firm formerly known as MicroStrategy — has announced the acquisition of an additional 10,000 Bitcoin for approximately $780 million, bringing its total holdings to over 542,000 BTC and further extending its position as the world’s largest publicly traded corporate Bitcoin holder by a significant margin.The purchase was funded through a combination of proceeds from the company’s latest convertible note offering and an at-the-market equity program. Co-founder and executive chairman Michael Saylor announced the acquisition on social media with his trademark brevity: “Strategy acquires 10,000 BTC for ~$780M at ~$78,000/BTC.”The company’s Bitcoin yield metric — its…
The total value locked across decentralized finance protocols has climbed back above the $100 billion threshold for the first time since February, reflecting a broad improvement in risk sentiment and renewed on-chain activity across Ethereum, Solana, and emerging L1 ecosystems.Aave leads the rankings with $22 billion in TVL, followed by Lido at $18 billion, Uniswap at $8 billion, and MakerDAO at $7 billion. The recovery has been broad-based, with 18 of the top 20 protocols by TVL posting positive growth over the past 30 days.The resurgence has been partly driven by the return of yield-seeking institutional capital. Tokenized US Treasury…
Bitcoin’s share of the total cryptocurrency market capitalization has climbed to 65% — its highest level since early 2021 — as investors rotated out of higher-risk altcoins into the relative safety of the leading digital asset amid persistent macroeconomic uncertainty and tightening liquidity conditions.The dominance figure, a widely watched barometer of risk appetite within crypto, has risen steadily since peaking in February when it stood at 52%. The shift reflects a familiar pattern: during periods of market stress, capital tends to consolidate in Bitcoin while altcoins, which carry higher volatility and liquidity risk, are sold off disproportionately.”Bitcoin dominance at 65%…