Spot Bitcoin ETFs attracted $238M in inflows as Ether funds ended an eight-day outflow streak, signaling renewed investor interest in crypto amid shifting market dynamics and risk appetite.
BTC leads as markets weigh government shutdown fears while optimism rises that L1 ETFs may soon be approved, prompting cautious investor reallocations across crypto and broader risk assets.
Surging Ethereum on-chain activity – rising transactions, wallets and staking flows – signals renewed demand that could propel ETH toward $5,000, as spot and derivatives volumes and institutional inflows gather pace.
Bitwise Asset Management has publicly pushed back against the SEC’s rationale for rejecting two Bitcoin spot exchange-traded funds, calling its reasoning “inaccurate and incomplete.” The asset manager claims the move is a step in the right direction for investor protection in the cryptocurrency space.
In what could be a major boost to cryptocurrencies, the SEC is expected to approve several proposed spot ETFs, paving the way for further bullish momentum for Bitcoin. Matrixport, a global crypto financial services platform, is expected to benefit from this decision.