The second day saw a different dynamic in comparison to the first day, where the ETFs saw a promising start with net inflows reaching almost $107 million.
BlackRock’s iShares Ethereum Trust (ETHA) led the way with $258.6 million in inflows, establishing itself as a standout performer.
A spot ETF on Ethereum invests directly in $ETH, enabling investors to gain exposure to Ethereum without the need to buy, hold, and manage the cryptocurrency directly.
As per data available online, the total supply in addresses holding 1,000 $BTC or more has hit a two-year peak.
The $POL migration represents the first phase of $MATIC’s evolution into what Polygon Labs describes as a “hyperproductive token”.
Solana’s DEX volume led all major blockchains over the last seven days, highlighting its growing influence in the decentralised finance (DeFi) sector.
The SEC has reportedly given preliminary approval to at least three issuers to start listing spot Ether ETFs as early as 23 July.
The settlement includes $8.7 billion in restitution and $4 billion in compensation, with the latter subject to the advance payment of all creditor claims.
Sources indicate that all eight spot Ether ETFs are expected to launch simultaneously, mirroring the SEC’s approach with spot Bitcoin ETFs.
These platforms are suspected of fraudulent activities, such as blocking withdrawals and demanding “fees” to resume operations.
