61,000 ETH in Eight Weeks: What Happened in Market?
2025-07-07 16:10:38
Main Idea
Ethereum Spot ETFs have seen significant inflows, with 61,000 ETH accumulated over eight weeks, including a recent 24-hour netflow of 24,968 ETH worth $63.32 million.
Key Points
1. Ethereum Spot ETFs recorded positive netflows of 24,968 ETH ($63.32 million) in the last 24 hours.
2. Digital asset investment products saw $1.04 billion in inflows last week, marking the 12th consecutive week of inflows.
3. Ethereum experienced its 11th straight week of inflows, adding $226 million last week, with weekly inflows averaging 1.6% of AuM.
4. BBVA, Spain's second-largest bank, announced it will allow users to purchase, sell, and keep crypto assets via its mobile app.
5. BitDigital has accumulated 100,603 ETH and raised an additional $172 million to buy more Ethereum.
Description
This suggests major shift in investor sentiment in favor of Ethereum
Latest News
- $89 Million in Solana (SOL) Dumped at Once, What Happened?2025-07-07 22:05:33
- $279 Turns Into $2.2M: Ancient ETH Wallet Suddenly Awakens2025-07-07 20:54:38
- XRP Reversal Shocks Crypto Community With 5,744% Liquidation Imbalance2025-07-07 18:53:56
- Avoid Crypto: CZ Issues Warning to Investors2025-07-07 18:34:51
- Breaking: Fidelity's Solana ETF Delayed by SEC2025-07-07 18:18:01