Market Analysis Report (28 Jul 2025)
Main Idea
Galaxy Digital facilitated a $9 billion Bitcoin sale for an early holder, SharpLink Gaming appointed a former BlackRock executive as co-CEO, and spot ether ETFs saw significant inflows, continuing a 16-day streak.
Key Points
1. Galaxy Digital sold 80,000 Bitcoin (worth ~$9 billion) for an early holder in an estate planning transaction.
2. SharpLink Gaming appointed Joseph Chalom, a former BlackRock executive, as co-CEO, aligning with its Ethereum-focused crypto treasury strategy.
3. Spot ether ETFs attracted $453 million in daily inflows, marking 16 consecutive days of inflows, with total assets reaching $20.66 billion.
4. BlackRock’s iShares Ethereum Trust (ETHA) led with $440 million in inflows, becoming the largest U.S. Ether ETF at $10.69 billion.
5. Bitcoin ETFs added $131 million on Friday, recovering from earlier outflows but lagging behind Ether ETF momentum.
Description
$9B Bitcoin Whale Exit Sparks Debate Over BTC’s Future Direction | Ether-Heavy SharpLink Taps Former BlackRock Exec as Co-CEO | Spot Ether ETFs Pull $453M in Daily Inflows, Extend Record Streak to 16 Days
