CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Defiant 2025-05-14 07:35:21

BlackRock Files for Ethereum In-Kind Redemptions as ETH Surges 42% with Bitcoin ETF Inflows and Pectra Upgrade

BlackRock has filed for Ethereum (ETH) in-kind redemptions amid ongoing discussions with the SEC regarding Ethereum staking on spot ETFs. Over the past week, Ethereum has surged approximately 42%, breaking a 22-week downtrend, while Bitcoin (BTC) remains steady around $105,000. ETF flows reveal contrasting investor behavior: Bitcoin ETFs saw $867 million inflows compared to $1.5 million for Ethereum, yet Ethereum's price performance outpaced Bitcoin's. BlackRock has been a consistent net buyer of Bitcoin ETFs for 20 consecutive trading days, while Ethereum ETFs have experienced net outflows, except for some institutional interest from Hong Kong. Notably, 76,800 ETH were transferred to Binance Beacon, and 324,000 ETH were withdrawn from exchanges with over 180,000 ETH moved into staking, indicating a shift toward long-term holding. In the last 24 hours, Ethereum ETFs recorded inflows of $13.37 million, contrasted by Bitcoin ETF outflows of $96.14 million. Additionally, Abraxis borrowed $240 million USDT to stake 211,000 ETH, and a whale transaction exchanged 200 wrapped BTC for 7,900 ETH. The recent Ethereum price rally has been supported by real spot demand and developments such as the Pectra upgrade, contributing to increased ETH trading volume surpassing Bitcoin's. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine