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Spot ethereum ETFs outpace bitcoin ETF inflows

In August, spot bitcoin ETFs had only five days of inflows that were greater than ethereum, per SoSoValue.

8/28/25 2:27PM

Inflows into spot ethereum ETFs are flipping bitcoin’s.

On Wednesday, about $309.5 million entered into US spot ethereum ETFs, extending a five-day streak of positive inflows, data from SoSoValue shows. Notably, so far in August, ethereum ETFs have notched $4 billion in inflows, while US spot bitcoin ETFs have seen $803 million of outflows, the second-highest on record and a sign of investor rotation away from bitcoin.

Matt Hougan, the chief investment officer of crypto asset manager Bitwise, said in an X post, “There is a relentless bid for ETH atm.”

Top holders of ethereum ETFs include Goldman Sachs Group, Jane Street, Millennium Management, Capula Management, and Schonfeld Strategic Advisors, which have a collective exposure of more than $1.3 billion, per Bloomberg, using data from 13F filings with the SEC as of the second quarter.

By category, “advisors are dominating the known holders and have pulled away from Hedge Funds,” Bloomberg ETF research analyst James Seyffart posted on Wednesday.

Despite having more inflows recently, spot ethereum ETFs’ cumulative inflows stand at $13.6 billion, 25% of bitcoin’s total inflows since inception, which sit at almost $54.2 billion.

The price of ethereum recorded an all-time high of nearly $4,950 last week, and bitcoin also notched a record price in August, touching the $124,000 level. But year to date, ethereum has jumped 34%, compared to bitcoin 20% increase.

In other ethereum news, Cathie Wood’s Ark Investment Management LLC added shares of BitMine Immersion Technologies, the leading corporate treasury firm of ethereum by total tokens held.

According to a Wednesday trading filing, Ark Investment bought 339,113 BitMine shares worth nearly $15.6 million across three of its ETFs: ARK Fintech Innovation ETF, ARK Innovation ETF, and ARK Next Generation Internet ETF.

BitMine currently has more than 1.7 million ethereum tokens, or about $7.7 billion, in its war chest.

Yaël Bizouati-Kennedy

Bitcoin tumbles as oil and gas prices spike and the market’s mood turns risk-off

Bitcoin ETFs reverted to outflows and bitcoin suffered $192 million in liquidations in the past 24 hours.

Sage D. Young3/18/26

Payward, parent company of crypto exchange Kraken, puts plans for IPO on hold

Payward, crypto exchange Kraken’s parent company, has paused its plans for an initial public offering until market conditions improve, according to a report from CoinDesk that cited two people with knowledge of the matter.

Since the firm announced in November its preparation for an IPO of its common stock, the total market capitalization of the crypto industry has shed around $652.2 billion, from $3.2 trillion to $2.5 trillion as of Wednesday, data from CoinGecko shows.

The news comes two weeks after Kraken received approval for a master account from the Federal Reserve Bank of Kansas City, allowing the crypto exchange to connect to the Fed’s payment infrastructure used by traditional banks and credit unions.

Last year, Kraken raised $800 million at a $20 billion valuation from institutional investors such as Jane Street and Citadel Securities.

Payward, parent of crypto exchange Kraken, has put its IPO plans on hold

Last year, Kraken raised $800 million at a $20 billion valuation from institutional investors such as Jane Street and Citadel Securities.

Sage D. Young3/18/26

SEC and CFTC issue new guidance on how securities laws apply to crypto assets

On Tuesday, the US Securities and Exchange Commission, together with the Commodity Futures Trading Commission, issued an interpretation clarifying how federal securities law applies to crypto assets, a first step toward developing a clearer regulatory framework.

The interpretive guidance introduces a token taxonomy for different types of cryptocurrencies, with SEC Chairman Paul S. Atkins adding that “most crypto assets are not themselves securities.”

Examples of a digital commodity, “a crypto asset that is intrinsically linked to and derives its value from the programmatic operation of a crypto system that is ‘functional,’” include:

Aptos, avalanche, bitcoin, bitcoin cash, cardano, chainlink, dogecoin, ethereum, hedera, litecoin, polkadot, shiba inu, solana, stellar, tezos, and XRP.

The guidance also includes definitions of digital collectibles (such as NFTs), stablecoins, digital tools, and digital securities (such as tokenized real-world assets and stocks).

This is a monumental step in the mainstream adoption of the industry and clears a hurdle in how crypto can operate going forward, according to David Pakman, head of venture investments at CoinFund. “This will allow new token designs with the confidence that their existence does not require registration with the SEC, etc.,” Pakman told Sherwood News.

Despite the clarification efforts from the two organizations, the market capitalization of the crypto industry has dropped about 2% in the last 24 hours as each of the tokens mentioned in the guidance are trading lower in the period, data from CoinGecko shows.

The joint agency action also complements congressional efforts to turn a crypto market structure framework into law. With the goal of providing regulations on the offer and sale of digital commodities, the CLARITY Act passed the House of Representatives last year and is now sitting in the Senate.

Yaël Bizouati-Kennedy

3/18/26

Citi analysts cut 12-month bitcoin projection to $112,000 from $143,000

The analysts’ bear-case scenario is $57,537, based on “recessionary macro-factors, especially weak equity markets,” which could cause ETF flows to stall.

Sage D. Young3/17/26

Bitcoin sees 8 consecutive days of gains, a streak not seen in 4 years

Bitcoin is on a winning streak. The cryptocurrency has generated eight straight days of positive returns, a rare phenomenon that has occurred only 15 times since Satoshi Nakamoto created it, according to a CoinDesk report.

In the 30 days after posting an eight-day streak, bitcoin traded higher nine times and lower six times. The median return in the period is roughly 19%. Despite the historical gains that followed, the last time bitcoin had such a rally, four years ago, it dropped roughly 30%.

Most recently, bitcoin climbed from below $66,000 on March 8 to over $75,000 yesterday before settling around $73,800 on Tuesday morning.

Traders remain modestly bullish on the likelihood of further gains, though the sentiment is fading: prediction market-implied odds of bitcoin trading above $77,500 in the month stand at 54%, a decrease from 73% on Monday.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Bitcoin hits rare 8-day winning streak – but 2022 bear market saw one too