Bitcoin is trading at $66,320, while the leading altcoin Ethereum is trading at $3,323. The total value of the cryptocurrency market is 2.33 trillion dollars. Bitcoin’s market cap is $1.31 trillion, Ethereum’s market cap is $399 billion.

US spot Ethereum ETFs see net inflows of $33.6 million, ending streak of negative flows

Nine spots in the US Ethereum The exchange-traded fund (ETF) recorded net inflows of $33.67 million on Tuesday, ending a four-day streak of negative flows. Grayscale Ethereum Trust (ETHE) was the only spot ether ETF with negative flows, with net outflows of $120.28 million, with outflows occurring every day since its launch on July 23.

Offsetting this was BlackRock’s ETHA with a net inflow of $117.98 million. Fidelity’s FETH fund recorded inflows of $16.36 million, while Grayscale Ethereum Mini Trust saw net inflows of $12.36 million. Franklin’s EZET fund reported net inflows of $3.73 million and Bitwise’s ETHW fund reported net inflows of $3.52 million. No flows were observed in the other three spot ether ETFs. The total daily trading volume of these spot ether products reached $563.22 million on Tuesday, down from $773.01 million on Monday and $933.86 million on Friday.

Elsewhere, 11 spot Bitcoin ETFs in the US experienced a net outflow of $18.3 million on Tuesday, following four consecutive days of positive flows. BlackRock’s IBIT fund recorded net inflows of $74.87 million, making it the only spot Bitcoin ETF to experience positive flows.

Grayscale’s GBTC fund had the largest outflow, with a net outflow of $73.6 million. Ark and 21Shares’ ARKB fund recorded net outflows of $7.88 million, VanEck HODL of $5.58 million, Bitwise BITB of $3.23 million and Fidelity FBTC of $2.88 million. Total daily trading volume for spot Bitcoin ETFs was $1.37 billion on Tuesday, compared to $2.68 billion on Monday and $2.04 billion on Friday.

Mt. Gox carrying $3 billion worth of Bitcoin did not create sales pressure on Bitcoin

Mt. The transfer of approximately 47,229 Bitcoins from a wallet linked to Gox to three “unknown wallets” on July 30 did not have a major impact on the market. While the Bitcoin price remained above $66,000 during this period, it briefly dropped to $65,000. Cryptocurrency commentators say that this transfer does not increase selling pressure and Mt. Gox credits will likely be “HODL”.

Ben Simpson, founder of Collective Shift, Mt. He said that creditors from Gox are generally people who have long-term investments in Bitcoin and believe in the sector. Crypto investor Exit Pump has suggested that such Mt. He stated that Gox movements have become commonplace and the market does not react to this situation. Swyftx chief market analyst Pav Hundal stated that the coming weeks will be interesting and the market is taking this news positively for now.

Glassnode is Mt. Gox thinks only a small portion of its creditors plan to sell their Bitcoin. Simpson, Mt. Gox stated that the fact that its creditors will take back its assets and most likely will not sell them is already reflected in the prices. Also, unlike situations like the German government converting its Bitcoins into cash, Mt. Gox stated that its creditors preferred to keep their Bitcoins.

Trump raised $21 million in Bitcoin 2024

Former President Donald J. Trump raised $21 million at the BTC 2024 event, where he attended as a speaker. 100 people attended the fundraiser at Nashville’s Music City Center, making it Trump’s second-largest fundraiser.

Trump won the support of the cryptocurrency industry by promising to pursue regulatory reform in the United States. It started accepting digital asset donations before the event and collected a total of $25 million in cryptocurrency donations. Trump’s presidential campaign has raised $221 million to date and currently has $128 million in cash.