News & Research

U.S. spot Ethereum (ETH) exchange-traded funds (ETFs) recorded a total net outflow of $164.6 million on Aug. 29, according to data from Trader T. This marks a shift to net outflows after seven consecutive trading days of net inflows. The outflows were led by Grayscale's Mini ETH fund with $61.3 million, followed by Fidelity's FETH with $51 million, Grayscale's ETHE with $28.6 million, and Bitwise's ETHW with $23.7 million. No spot ETH ETFs registered any inflows for the day.

U.S. spot Bitcoin ETFs recorded a net outflow of $126.69 million on Aug. 29, marking the first day of net outflows in five trading days, according to data from Trader T. While BlackRock's IBIT and WisdomTree's BTCW attracted inflows of $24.61 million and $2.3 million, respectively, these were offset by outflows from Fidelity's FBTC ($66.2 million), Ark Invest's ARKB ($72.1 million), and Grayscale's GBTC ($15.3 million).

ETH/BTC investor James Fickel deposited 39,800 ETH ($172 million) to Coinbase Prime four hours ago, EmberCN reported. He previously incurred a loss of 20,600 ETH (approximately $90 million) from an ETH/BTC long position last year.

An early Bitcoin investor, or OG, sold 2,000 BTC (approximately $221 million) and purchased 49,850 ETH (approximately $219 million) over the past 12 hours, according to Lookonchain. The on-chain analytics firm noted that this brings the investor's total holdings to 691,358 ETH, valued at roughly $3 billion.

An anonymous whale deposited 11.68 million USDC to Hyperliquid over the past eight hours to purchase Solana (SOL), Onchain Lens reported. The investor has so far bought 28,390 SOL and still has outstanding buy orders.

CoinMarketCap's Altcoin Season Index has risen one point from yesterday to 58. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens, against that of Bitcoin. An altcoin season is declared when 75% of these top coins outperform Bitcoin over the preceding 90 days, with a reading closer to 100 indicating a stronger trend.

Grayscale has updated its S-1 filings for spot ADA and DOT exchange-traded funds (ETFs), according to Bloomberg ETF analyst James Seyffart.

The U.S. Attorney General has announced an appeal of a court ruling that found most of President Donald Trump's tariff policies to be illegal.

The Fear & Greed Index from cryptocurrency data provider Alternative has fallen 11 points from yesterday to 39, shifting market sentiment into the fear category. The index measures market sentiment on a scale from zero, indicating extreme fear, to 100, representing extreme optimism. It is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

A U.S. appeals court has ruled that most of the Trump administration's tariffs are illegal, Walter Bloomberg reported on X. The court added that the tariffs may remain in place for the time being while litigation proceeds.