According to Cointelegraph, spot Ether exchange-traded funds (ETFs) concluded the week with notable outflows, ending a streak of substantial inflows that lasted nearly two weeks. On Friday, U.S.-spot Ether (ETH) ETFs recorded $59.3 million in outflows, marking the conclusion of an eight-day inflow period that had accumulated approximately $3.7 billion, as reported by Farside data. This development coincides with Ether's recent price movements, where it fell just 1.94% short of reaching its 2021 all-time high of $4,878 on Thursday, before retreating to $4,448 at the time of publication, according to CoinMarketCap. The cessation of the inflow streak serves as a significant indicator for Ether traders, who are likely to monitor ETF flows closely in the coming weeks. These flows, along with potential developments in Ether treasury firm acquisitions, will play a crucial role in determining whether Ether can reclaim its 2021 all-time highs. Since their inception in July 2024, spot Ether ETFs have experienced $12.68 billion in total net flows, as noted by Farside. Analysts emphasize the importance of sustained ETF inflows for Ether to achieve its all-time highs once again. Nansen analyst Jake Kennis remarked that the rally would persist as long as the flows and narrative remain robust. Crypto trader Langerius suggested that Ether could reach a price of $10,000 if consistent weekly inflows continue. Meanwhile, crypto trader Merlijin The Trader observed on Thursday that ETF inflows have surged dramatically, describing it as institutional FOMO. Ether has seen a 29.63% increase over the past 30 days, according to CoinMarketCap. However, sentiment platform Santiment noted that crypto traders are not expressing as much bullishness for Ether on social media compared to Bitcoin. Historically, this could indicate that Ether may slightly outperform Bitcoin in the short term. Cointelegraph also reported that Ethereum's staking ecosystem has reached new heights, with 877,106 Ether valued at $3.88 billion currently queued for withdrawal. While this increase in queued unstaked ETH might suggest significant profit-taking, DeFi analyst Ignas pointed out that the recent accumulation and buying strength from Ether treasury companies and spot Ether ETFs are mitigating much of the selling pressure. This dynamic highlights the ongoing interest and investment in Ether, despite fluctuations in ETF flows and market sentiment.

바이낸스와 마스터카드가 유로화 즉시 인출 기능을 출시합니다: 전례 없는 보안과 속도로 몇 분 안에 자금을 인출할 수 있습니다. source: https://ko.spaziocrypto.com/pintekeu/bainaenseu-mic-maseuteokadeu-yurohwa-jeugsi-amhohwapye-incul/

Binance and Mastercard launch instant euro withdrawals: funds available in minutes, with unprecedented security and speed. source: https://en.spaziocrypto.com/fintech/binance-and-mastercard-instant-crypto-withdrawals-in-euros/

The U.S. Securities and Exchange Commission (SEC) has decided to postpone its decisions regarding various Solana exchange-traded funds (ETFs) until the month of October. This extension raises important questions about the reasons behind the delay and its potential implications for investors and the broader cryptocurrency market. source: https://voiceofcrypto.online/news/sec-solana-etf-delay-october

Despite the ongoing slump in the cryptocurrency market, XRP whales have taken advantage of the situation by acquiring an impressive total of $3.8 billion in XRP tokens. This surge in purchasing activity highlights their confidence in the asset's long-term potential, even as broader market conditions remain challenging. source: https://blocknews.com/xrp-whales-scoop-up-3-8b-despite-market-slump/

The outflow day for spot Ether ETFs comes just after Ether narrowly missed reclaiming its 2021 all-time high. source: https://cointelegraph.com/news/ether-etf-outflow-day-inflow-streak-billions-eth-price-predictions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to PANews, Santiment recently tweeted that Bitcoin's peak greed levels have coincided perfectly with its all-time highs and local peaks. Meanwhile, despite Ethereum's significant outperformance against Bitcoin over the past three months, its bullish sentiment remains considerably lower. Typically, price movements tend to contradict retail investors' expectations. As a result, due to the market's relatively low interest in buying Ethereum during dips compared to Bitcoin, the current outlook suggests that Ethereum's bullish trend is slightly higher than that of Bitcoin.

null source: https://x.com/DaanCrypto/status/1956612389639487508

Amid the recent market pullback, Solana (SOL) is attempting to reclaim a crucial area to continue with its bullish rally. Some analysts have suggested that the cryptocurrency will likely break out to new highs if a key support level is held. Related Reading: Cardano (ADA) Remains Green Despite Market Pullback – Is It Ready For A 70% Run? Solana Back Below $200 Earlier this week, the market soared under the lead of the two largest cryptocurrencies. Bitcoin (BTC) hit a new all-time high (ATH) of $124,000, and Ethereum (ETH) hit a multi-year high of $4,788 in the early hours of Thursday source: https://www.newsbtc.com/news/solana-drops-to-185-support-amid-sec-etf-delay/

The old remarks made by the CEO of Ripple regarding XRP Exchange-Traded Funds (ETFs) have resurfaced, reigniting discussions and speculation within the financial community about the potential implications and future of such investment vehicles in relation to the cryptocurrency market. As these comments come back into the spotlight, analysts and investors are eager to analyze their impact on XRP's value and the broader acceptance of digital assets in traditional finance. source: https://blocknews.com/ripple-ceos-old-remarks-on-xrp-etfs-resurface-stirring-speculation/

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