In brief
- Bitcoin ETFs experienced $1.2 billion in redemptions over three days as investors took profits at all-time highs, while Ethereum ETFs saw their 12th consecutive day of inflows totaling $634 million.
- Publicly traded SharpLink Gaming raised $425 million to launch an Ethereum treasury reserve, and its stock price has surged albeit with substantial volatility.
- Analysts attribute Ethereum’s momentum to growing institutional interest and renewed confidence in the network’s roadmap, with promises of 10x scaling improvements in the coming year.
Bitcoin ETF redemptions have surpassed $1.2 billion over the past three days as Ethereum ETFs marked their 12th day in the green on Monday. Analysts see this as BTC fund investors using recent all-time high prices to take profits while institutional momentum keeps building for ETH.
Bitcoin ETFs saw $268 million in outflows on Monday, according to data from Farside Investors.
“In contrast,…
