Bitcoin ETFs Pull $265M as Ether Funds Post Green Day
The single-day bounce is the second green session in three and the biggest inflow in over a month, but it has not yet broken the eight-week streak of net weekly outflows.
Ethereum is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications without the control of any central authority. Often described as a programmable global computer, it allows developers to build a wide range of on-chain services, from financial protocols and NFT marketplaces to gaming platforms, using self-executing programs written primarily in Solidity. These smart contracts run on the Ethereum Virtual Machine, which is maintained by a global network of independent nodes. The native asset, Ether (ETH), functions as the network's currency. It is used to pay transaction fees, commonly referred to as gas, and must be staked by validators who propose and confirm blocks. In September 2022, Ethereum transitioned from Proof of Work to Proof of Stake through an event known as the Merge, reducing its energy consumption by more than 99 percent. An earlier upgrade, EIP-1559, introduced a fee-burning mechanism that can offset issuance during periods of high activity. Ethereum was proposed in 2013 by Vitalik Buterin, alongside several co-founders, and launched in July 2015. It belongs to the Smart Contract Platform and Layer 1 categories, and remains the largest ecosystem for decentralized application development.
The single-day bounce is the second green session in three and the biggest inflow in over a month, but it has not yet broken the eight-week streak of net weekly outflows.
BlackRock's IBIT took the lion's share of a $266M net inflow day across US spot Bitcoin ETFs, while Ethereum ETFs added a quieter $29M led by ETHA.
The market absorbed the largest Strategy sale since it dropped its never-sell stance, but CME futures open interest just hit a 32-month low and downside options skew ranks fourth-highest on record,…
Saylor's first-ever on-chain sale of $216M did almost nothing to a market busy digesting Trump's open pivot back to the industry ahead of midterms and a record $1.79T stablecoin month.
29.3K $ETH (≈52.5M) moved from unknown wallet to Galaxy Digital.
The two flows run in opposite directions at the same moment: Saylor funds an S&P 500 chase by trimming the BTC treasury, while Tom Lee's Bitmine quietly crosses 5.7M ETH on its balance sheet.
Strategy's first major sell in months landed the same week stablecoin supply shrank for the second week running, while Bitmine kept stacking ETH through the cooldown.
The roadmap targets millions of validators and a roughly 6-byte state footprint, but the four-year horizon puts the payoff beyond the current cycle and any near-term ETH price catalyst.
Researchers including Eli Ben-Sasson and Dankrad Feist endorse the destination but call a three-to-four-year timeline dangerously slow, especially on quantum readiness.
Bitmine crossed 5.74M ETH, roughly 4.8% of supply, while chairman Tom Lee frames the rally as a derivatives bet on the Clarity Act clearing Congress rather than spot demand alone.
Fundstrat's Tom Lee is positioning BitMine as a dedicated ETH treasury vehicle, and a single-day $73M purchase signals that thesis is moving from press release to balance sheet.
The $6M loss is a third of the protocol's TVL; the accounting-logic flaw and the unpaused window before guardians acted will get equal scrutiny from audit shops and depositors.
Bitmine's stack now sits at 5.74M ETH and 4.8% of supply, but the louder signal is Lee citing prediction markets pricing the Clarity Act at 50%, the highest read in two weeks.
USDC took two-thirds of the $1.79T flow and Base narrowly edged Ethereum on-chain, the first time a Layer 2 has outpaced mainnet in Visa's adjusted-volume ranking.
At 4.8% of Ethereum's circulating supply and 95% of the way to its 'Alchemy of 5%' target in just 12 months, Bitmine is now the largest single corporate holder of ETH by a wide margin.
BTC reclaimed $62,800 after last week's sub-$58K dip, LIT surged 50% on the week, and CoinMarketCap's altseason index hit a three-month high of 52.
The July 4 signing target slipped, and now Senate coordination has until roughly mid-August to land a market-structure bill before lawmakers leave town.
The roadmap spans seven upgrades and a full storage overhaul, but Hegota in 2026 is likely the last fork before the long Lean cycle starts, putting the catalyst years out from current price action.
Single-wallet outflows this size rarely print in isolation; the read is whether other long-dormant addresses follow before the next macro tape.
Ethereum's co-founder says a new wave of protocol upgrades is taking shape, aimed squarely at the parts of the roadmap The Merge left unfinished: scaling, wallet UX, and consensus simplification.
Ethereum is a global, open-source platform for decentralized applications.
Ethereum (ETH) launched on 2015-07-30.
Ethereum (ETH) is categorised as: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem.
The official Ethereum site is https://www.ethereum.org/.
Most recent Ethereum coverage: "Bitcoin ETFs Pull $265M as Ether Funds Post Green Day" — read at /en-US/a/bitcoin-etfs-pull-265m-as-ether-funds-post-green-day.