The Ethereum Foundation, which has been on the agenda with its recent Ethereum sales, made its first ETH sale in 2025. According to Onchain data, the Foundation, one of the main actors in the development of ETH, sold 100 ETH and in return obtained 329,463 tokens of DAI, a stablecoin. Recently, Ethereum founder Vitalik Buterin released a statement about the Foundation’s sales, stating that the sales were made in order to keep the organization operational, pay out grants, and pay developers. Buterin has also been criticized for selling ETH from time to time, but he maintains that these sales are almost never made for personal purposes. Related News: Critical Rate Cut Remarks from Senior FED Member Waller Ahead of Hot FED Minutes According to the data, the Ethereum Foundation sold 4,466 ETH worth a total of $12.61 million in 2024, with an average price of $2,823. It is noteworthy that the foundation`s sales often occur just before sudden drops in the price of the altcoin. On the other hand, the ETH price is trading at $3,310 at the time of writing this article. The rate of losses in the last 24 hours was measured at 3.15%. *This is not investment advice. Continue Reading: Ethereum Foundation Sells ETH Again: Here Are the Details of the Transaction and the Total Amount of Sales Since Last Year
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U.S. Spot Bitcoin ETFs Witness $569.02M Net Outflows on January 8
U.S. spot Bitcoin ETFs recorded significant net outflows of $569.02 million on January 8, marking a sharp reversal following three consecutive days of net inflows. This trend highlights potential shifts in investor sentiment or short-term profit-taking in the volatile crypto market. Notably, some of the largest players in the Bitcoin ETF space, including Fidelity, ARK Invest, and BlackRock, bore the brunt of these withdrawals, with no ETFs reporting net inflows on the day. Major Players in the Outflow Trend The net outflows on January 8 were distributed among some of the most prominent Bitcoin ETFs in the U.S. market: Fidelity’s FBTC : Recorded the highest outflows at $258.69 million , signaling a significant retreat from one of the most recognized financial institutions. ARK Invest’s ARKB : Witnessed withdrawals of $148.3 million , potentially reflecting cautious moves by retail and institutional investors. BlackRock’s IBIT : Reported net outflows of $124.28 million , a notable decline given BlackRock’s influence as a financial giant. Bitwise’s BITB : Experienced smaller, yet substantial outflows of $11.26 million , showcasing the broad impact of this trend. Potential Reasons Behind the Outflows Profit-Taking After Recent Gains Bitcoin’s recent price fluctuations may have encouraged investors to lock in profits, especially after a period of steady inflows. Market Uncertainty Global economic conditions, regulatory developments, or concerns about the broader crypto market could have driven the shift. Institutional Portfolio Rebalancing Institutional investors often adjust their portfolios at the start of a new fiscal year, which could explain the sudden outflows. Impact on the Bitcoin Market The withdrawal of $569.02 million from Bitcoin ETFs may impact the cryptocurrency’s price dynamics. ETFs often serve as a barometer of institutional and retail interest in Bitcoin, and such significant outflows could signal a temporary cooling-off period. FAQs What are Bitcoin ETFs? Bitcoin ETFs are exchange-traded funds that track the price of Bitcoin, allowing investors to gain exposure to the cryptocurrency without directly purchasing it. Why did Bitcoin ETFs see outflows on January 8? Potential reasons include profit-taking, portfolio rebalancing by institutional investors, and broader market uncertainties. Which Bitcoin ETF recorded the largest outflows? Fidelity’s FBTC saw the largest net outflow of $258.69 million on January 8. Do ETF outflows always indicate a bearish trend? Not necessarily. Outflows could represent profit-taking or short-term portfolio adjustments rather than long-term bearish sentiment. What does this mean for Bitcoin’s price? Large outflows may temporarily affect market sentiment, but Bitcoin’s price is influenced by multiple factors, including supply, demand, and macroeconomic conditions. Conclusion The net outflows of $569.02 million from U.S. spot Bitcoin ETFs on January 8 underscore the dynamic nature of the cryptocurrency market. While the reasons for this reversal are speculative, they highlight the importance of monitoring ETF trends as a gauge of investor sentiment. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. BitcoinSistemi
DeFAI: Experts Forecast Potential Tenfold Market Growth for 2025 with AI-Driven DeFi Innovations
DeFAI merges DeFi with AI-driven interfaces, autonomous agents, and research tools, revolutionizing accessibility. Experts predict DeFAI’s market cap to grow from $1 billion to $10 billion, led by projects like BitcoinSistemi