<\/p>\n
The previous week was dominated by news and developments on the spot Ethereum ETF front, while the current one was taken over by Bitcoin exchange-traded funds.<\/p>\n
It almost felt inevitable after the launch of all US spot Bitcoin ETFs in early January that the BlackRock product will surpass that of Grayscale, which was actually converted from the former BTC Trust. Grayscale\u2019s GBTC saw substantial outflows ever since it first reached the US markets, while BlackRock\u2019s IBIT kept attracting billions of dollars worth of the primary cryptocurrency.<\/p>\n
This moment finally occurred<\/a> earlier this week as it took the world\u2019s largest asset manager just 96 days to become the biggest Bitcoin ETF issuer. Currently, Grayscale\u2019s fund has $19.7 billion in BTC, while IBIT holds $19.97, according<\/a> to SoSoValue.<\/p>\n Another major event within the Bitcoin ETF landscape came on Tuesday when all such products, not just those in the US, attracted<\/a> just over one million BTC.<\/p>\n These positive developments on the ETF front didn\u2019t result in substantial gains for the underlying asset. In fact, bitcoin tried to take down the $70,000 mark on a few occasions and, although it breached it once, couldn\u2019t succeed and currently sits about three grand away from it.<\/p>\n The weekly charts among most altcoins are quite less eventful than they were last time. However, some of the meme coin representatives have taken the main stage. PEPE, for instance, charted a few all-time highs this week, while WIF is up by more than 20%. Additionally, the meme coin realm saw the entrance of a celebrity, but more on that later.<\/p>\n Market Cap: $2.667T | 24H Vol: $80B | BTC Dominance: 50%<\/p>\n BTC: $67,320 (+0.44%) | ETH: $3,773 (+2.5%) | BNB: $593 (-0.5%)<\/p>\n <\/a><\/p>\n Ethereum Whales with Over 10,000 ETH Surging, Signaling Accumulation Trend<\/strong>. Although ETH\u2019s price has been consolidating in the past week, ever since the massive surge experienced by the Ethereum ETFs news, the asset has been targeted by large investors who have been on an accumulation spree<\/a>.<\/p>\n U.S. Spot Bitcoin ETFs See Longest Inflow Streak Since February<\/strong>. Adding to the massive achievements on the Bitcoin ETF front, these products have been on an impressive streak since mid-May. In fact, they are currently on the longest inflow streak<\/a> in over three months, with 13 consecutive days and counting.<\/p>\n Caitlyn Jenner\u2019s JENNER Meme Coin Sends Traders into a Tailspin<\/strong>. As mentioned above, a certain celebrity entered the meme coin ecosystem. Despite initial rumors about a hack, it turned out that Caitlyn Jenner has indeed launched<\/a> a dozen meme coins on the Solana blockchain with the hope of making a quick buck.<\/p>\n Most Profitable Among Big Meme Coins: Over 96% of PEPE Holders in Profit<\/strong>. Even though PEPE retraced slightly after charting a few consecutive all-time highs, the number of token holders in profit skyrocketed to over 96% yesterday, as reported<\/a>.<\/p>\n Gemini Earn Recovers 97% Of Customers\u2019 Lost Crypto<\/strong>. Good news for Gemini Earn customers: After over a year of controversy and uncertainty, the bankrupt crypto lending arm announced<\/a> that it had recovered almost all lost funds.<\/p>\n Former FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison<\/strong>. One of the closest FTX execs to Sam Bankman-Fried \u2013 Ryan Salame \u2013 was sentenced<\/a> to over seven years in prison. Previously, Salame\u2019s lawyers asked for no more than 18 months.<\/p>\n This week, we have a chart analysis of Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot \u2013\u00a0click here for the complete price analysis<\/a>.<\/p>\n LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link<\/a> to register and open a 100 USDT-M position for free!<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nMarket Data<\/h2>\n
This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n
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