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Net outflows from US spot Ethereum-ETFs totalled $45.5m last week after two weeks of inflows. Cumulative net inflows since the ETF’s launch in July fell to $2.76bn.
Glassnode analysts note that the current bitcoin bull market is inferior in strength to previous ones but similar to the 2015-2018 events, leaving room for further gains. They identified a slowing rate of price appreciation with each new cycle, indicating the maturity and depth of the market.
The US SEC has registered a combined bitcoin and Ethereum-based spot exchange-traded fund (ETF) from Bitwise on an ‘expedited basis’. The SEC had previously approved similar instruments from Hashdex and Franklin Templeton.
Tether, the issuer of the USDT stablecoin, reported a record net profit of $13bn for 2024. In the last quarter alone, profits totalled $6bn. The company’s investments in US Treasuries reached a record high of $113bn.
Trading volume on decentralised exchanges (DEX) reached a record $564.56bn in January, hitting highs since last September. In January, the share of Solana-based AMM exchange Raydium exceeded that of Uniswap, the once perennial leader of the segment.
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