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Is Ethereum Heading South? Week of Outflows Paint Bleak Picture for ETH USD
Yahoo Finance· 2025-09-27 20:25
Group 1: Market Trends and Outflows - US-listed spot Ether ETFs experienced five consecutive days of net outflows, totaling $795.8 million, with Ether prices dropping approximately -10% during this period [1] - Bitcoin products also faced significant outflows, with spot BTC ETFs recording $897.6 million in net outflows, and Bitcoin prices declining by -5.28% [3] - The recent outflows are interpreted as a sign of capitulation, indicating a softer risk appetite among smaller investors [2] Group 2: Institutional Activity and Staking - Ethereum's largest holders, referred to as mega whales, have resumed buying, with over 60 new addresses holding 10,000 ETH or more, a trend not seen since early 2021 [4] - The increase in large wallet holdings often correlates with accumulation phases that precede significant price movements, suggesting renewed institutional confidence [5] - Ether futures positioning has increased alongside spot buying, indicating that large players are building exposure across markets, which may attract retail investors later [5] Group 3: Future Outlook - The potential for US regulators to allow staking within Ether ETFs remains a critical factor for market sentiment and demand stabilization [2] - The current data suggests that deep-pocketed buyers view ETH as a core asset, especially with upcoming catalysts like broader staking use and ETF developments [6]
Dogecoin Rises as First US DOGE ETF 'Destroys' Expectations in Early Trading
Yahoo Finance· 2025-09-18 16:42
Group 1 - Dogecoin (DOGE) has increased by 8% in the last 24 hours, outperforming Bitcoin and Ethereum, coinciding with the launch of DOJE, the first U.S. ETF focused on Dogecoin [1] - The DOJE ETF began trading on Thursday and quickly exceeded expectations, reaching nearly $6 million in trading volume shortly after its launch, significantly higher than the typical first-day volume for ETFs [2] - The DOJE ETF is registered under the Investment Company Act of 1940, providing access to spot Dogecoin through a wholly owned subsidiary in the Cayman Islands, contrasting with other crypto ETFs registered under the Securities Act of 1933 [2][3] Group 2 - The recent surge in Dogecoin's value may also be attributed to CleanCore Solutions, which has established the first official Dogecoin treasury in partnership with the Dogecoin Foundation [4] - CleanCore Solutions has acquired 100 million DOGE, increasing its total holdings to 600 million DOGE, valued at approximately $170 million, with a long-term goal of accumulating 5% of the total Dogecoin supply, equating to about 7.5 billion DOGE or around $2.1 billion [5] - Dogecoin's price has risen nearly 34% over the past 30 days, currently priced at $0.286 [5]