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Ethereum sets new ETF record with seven straight months of positive inflows

BitMine, the largest ethereum treasury firm, also added over 82,350 tokens to its stash last week.

11/3/25 11:08AM

US spot ethereum ETFs ended October with a modest inflow of nearly $16 million last week, bringing the month’s total to $569.9 million and marking seven straight month of positive flows, its longest streak to date.

Cumulative inflows stand at nearly $14.4 billion, data from SoSoValue shows.

ethereum was around the $1,800 level at the beginning of the streak in April and has roughly doubled to trade at around $3,600 Monday morning. That said, the cryptocurrency is far below its all-time high of $4,946 set two months ago.

“Seven straight months of ETF inflows is a solid trend. It shows consistent institutional interest rather than a one-off spike,” according to RedStone cofounder Marcin Kaźmierczak.

The new record comes as BitMine Immersion Technologies, the largest ethereum treasury firm, announced acquiring an additional 82,353 tokens worth $307 million last week. The firm’s stockpile of ethereum now has 3,395,422 tokens, or 2.8% of the supply, per a Monday press release.

“When major players commit capital over extended periods, it creates a foundation for the next phase of DeFi and blockchain integration into mainstream finance,” Kaźmierczak told Sherwood News. “The consistency matters more than any single data point. These aren’t fair-weather investors — they’re positioning for where they think the technology is headed.”

Appetite increasing beyond bitcoin

Nicolai Søndergaard, an analyst at blockchain data firm Nansen, told Sherwood the developments signal “an increased appetite to explore other assets aside from bitcoin.”

One reason ethereum ETFs’ streak extended stems from “a continuous expectation that there will be more regulation across crypto, which will allow companies to invest in crypto in new ways,” Søndergaard said.

Meanwhile, researchers at the Ethereum Foundation said in an All Core Devs call last week that ethereum’s next upgrade, aimed at making the network faster and cheaper, will be coming to mainnet on December 3. The upgrade is ethereum’s second one this year, with the last occurring in May.

“I’m not sure if it’ll have an effect on price, but it is a positive development for the chain and layer-2s,” Søndergaard added.

Sage D. Young20h

Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants.

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post.

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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US-CRYPTOCURRENCY-CLIMATE-EMPLOYMENT-CHINA

$82B

Sage D. Young1/27/26

Crypto money laundering activity totaled more than $82 billion in 2025, more than 8x higher than 2020’s figure of $10 billion, according to a Tuesday report published by crypto analytics firm Chainalysis. Chinese-language networks dominated the ecosystem, accounting for roughly 20% of the illicit activity, or $16.1 billion, last year:

“Compared to other laundering endpoints, since 2020, inflows to identified CMLNs [Chinese-langugage money laundering networks] grew 7,325 times faster than those to centralized exchanges, 1,810 times faster than those to decentralized finance (DeFi), and 2,190 times faster than intra-illicit on-chain flows.”

Tom Keatinge, director at the Centre for Finance & Security at security think tank Royal United Services Institute, told Chainalysis that the rapid development of Chinese-language networks is an “an unforeseen consequence” of China’s imposition of capital controls.

“Wealthy individuals seeking to move money out of China and evade these controls provide the impetus and liquidity pool needed to service organized crime groups based in the West,” he noted.

Keatinge told Chainalysis, “The professional enablers of this capital flight provide the services necessary to match these two independent yet mutually beneficial needs.”

Chinese-language networks offer six primary money movement techniques to clean dirty money, which include recruiting individuals to rent out their financial identities, selling illicit cryptocurrency at a discounted rate, and obscuring fund origins through multiple transactions.

Overall, this Chinese ecosystem processed nearly $44 million per day last year.

Sage D. Young1/26/26

Avalanche joins class of cryptocurrencies with at least one ETF

Investment management company VanEck on Monday introduced the first exchange-traded fund offering spot exposure to AVAX, the native token for the Avalanche blockchain and the latest cryptocurrency with an ETF.

The new investment vehicle also aims to provide staking rewards for holders, according to the press release. AVAX, which has seen over $354 million in trading volume in the last 24 hours, is up slightly today. The token is trading at $11.70 as of 1:20 p.m. ET, a far cry from its all-time high of $144.96 in 2021.

The nascent VanEck fund joins a group of its crypto-specific ETFs, including the firm’s bitcoin ETF, with $1.4 billion in total assets; its ethereum ETF, which holds $147.5 million; and its solana ETF, with assets totaling $27.9 million.

Ethereum sets new ETF record with seven straight months of positive inflows

Appetite increasing beyond bitcoin

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