BITPRISMIA
Ether ETFs saw $640 million in inflows for the eighth consecutive day, while Bitcoin ETFs recorded $231 million in gains despite outflows from major funds, with record-breaking trading volumes highlighting strong market momentum.
Bitcoin's recent rally to over $124,000 is attributed to ETF demand, a weak dollar, and expectations of a Fed rate cut, with analysts predicting potential price targets between $131,000 and $177,000.
Bullish crypto exchange's market cap surpassed $12 billion following a 20% intraday surge in its stock, driven by investor confidence and its NYSE listing, signaling strong growth in digital asset trading.
Ether ETFs recorded their second-largest single-day inflow at $729.14 million, while Bitcoin ETFs extended their inflow streak to six days with $86.91 million, both reaching record trading volumes and net assets.
Bullish, a cryptocurrency exchange backed by Peter Thiel, successfully debuted on the New York Stock Exchange, raising approximately $1.1 billion in its IPO and achieving significant market capitalization.
Bybit releases a report projecting Ethereum's growth and institutional adoption over the next decade, highlighting its role in DeFi, NFTs, and tokenized assets as it nears an all-time high.
Ark Invest purchased 2.53 million shares of Bullish across three ETFs following its IPO surge, reflecting strong institutional interest in the cryptocurrency exchange.
ARK Invest, led by Cathie Wood, acquired over $172 million in Bullish shares shortly after its NYSE debut, reflecting the firm's strategy of investing in high-growth, disruptive sectors like blockchain and digital economy.
Standard Chartered Bank predicts Ethereum (ETH) could surge to $25,000 by 2028, driven by institutional demand and stablecoin growth, with a revised 2025 forecast of $7,500.
Ether ETFs saw significant inflows of $523.92 million for the second consecutive day, driven by institutional demand, while Bitcoin ETFs had modest inflows of $65.95 million.