Surge in Ethereum ETF Inflows and Coinbase's Support for Crypto Bills

Recent news highlights a 5x surge in Ethereum ETF inflows, alongside Coinbase's strong backing of two landmark crypto bills in the US Congress, with 52 million US owners awaiting its passage.

Ethereum ETF Frenzy: Inflows Jump 5x While Bitcoin Stalls

Data shows the Ethereum spot exchange-traded funds (ETFs) have seen weekly inflows five times the recent average, while Bitcoin has seen a slowdown in momentum. Ethereum Spot ETFs Have Seen 154,000 ETH In Inflows This Week In a new post on X, the analytics firm Glassnode has talked about the latest trend in the netflow related to the US-based Ethereum spot ETFs. The “spot ETFs” refer to investment vehicles that allow an alternate means of exposure to a given asset. This means that with a spot ETF, a trader can ‘invest’ into an asset without having to directly own it. In the context of cryptocurrencies, this is especially relevant, as the ETFs trade on traditional platforms. Some investors may not want to fiddle with digital asset exchanges and wallets, so the ETFs offer them a familiar path into cryptocurrencies. Related Reading: Tron Has Plenty Of Room For A 2025 Bull Run, Risk Metric Signals The option of the spot ETFs is a relatively recent one in the sector, with Bitcoin’s version gaining approval from the US Securities and Exchange Commission (SEC) at the start of 2024 and Ethereum’s in mid-2024. Below is a chart that shows how the netflows related to the latter’s spot ETFs have looked during the past month. From the graph, it’s visible that the Ethereum US spot ETFs have been witnessing net inflows for the last few weeks, a sign that there has been demand for the coin from the traditional investors. “This week alone, they’ve seen 154K ETH in inflows – 5x higher than their recent weekly average,” notes Glassnode. “For context: the biggest single-day ETH inflow this month was 77K ETH on June 11th.” While the trend has been that of growth for Ethereum, it has looked a bit more mixed when it comes to the number one digital asset, Bitcoin. As displayed in the above graph, the Bitcoin US spot ETFs have also seen positive netflows this week. The scale of the inflows, however, hasn’t been anything impressive, as only around 7,800 BTC has entered into the ETFs. This is above average, but far lower than the highs witnessed in May, when at one point the daily inflow had reached a peak of 7,900 BTC, more than the inflows for the entire current week. Related Reading: Bitcoin Options Traders Expect Quiet—But On-Chain Data Suggests Chaos Last week, the Bitcoin spot ETFs witnessed an outright negative netflow, so it seems the momentum has recently just been slower for the asset. In contrast, things have looked much more green for Ethereum indeed. ETH Price While Ethereum has been seeing consistent ETF inflows, its price has still underperformed against Bitcoin over the past day as it has dropped to $2,540, a decline of 7% compared to BTC’s 2% loss. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Coinbase Rallies Behind 2 Landmark Crypto Bills—52M US Owners Await Congress

Coinbase’s CEO is driving urgent action behind two landmark crypto bills that promise regulatory clarity, investor protection, and explosive growth for America’s digital asset future. Coinbase Urges Legislative Action on 2 Crypto Bills: ’52 Million American Crypto Owners Are Counting on It’ Cryptocurrency exchange Coinbase (Nasdaq: COIN) renewed its call for Congress to establish clear […]

Spot Ether ETFs post outflow day after record 19-day inflow streak

Although a record 19-day inflow streak recently ended for spot Ether ETFs, Ether is currently trading below its price at the start of the run.

Coinbase Launches Bitcoin Rewards Credit Card with American Express

The Coinbase One Card offers holders 2–4% back in Bitcoin on their purchases, depending on the amount of assets they hold on Coinbase.

Coinbase Rallies Behind 2 Landmark Crypto Bills—52M US Owners Await Congress

Coinbase’s CEO is driving urgent action behind two landmark crypto bills that promise regulatory clarity, investor protection, and explosive growth for America’s digital asset future. Coinbase Urges Legislative Action on 2 Crypto Bills: ’52 Million American Crypto Owners Are Counting on It’ Cryptocurrency exchange Coinbase (Nasdaq: COIN) renewed its call for Congress to establish clear… Continue reading Coinbase Rallies Behind 2 Landmark Crypto Bills—52M US Owners Await Congress The post Coinbase Rallies Behind 2 Landmark Crypto Bills—52M US Owners Await Congress appeared first on Crypto Adventure.

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