US spot Ethereum ETFs record $523.9M in inflows

  • US spot Ethereum exchange-traded funds (ETFs) attracted $523.9 million in net inflows on Tuesday.
  • BlackRock’s ETHA led with $318.67 million in net inflows, followed by Fidelity’s FETH at $144.9 million.
  • Ether has also seen significant price appreciation, rising 8.5% in the past 24 hours to trade at $4,667.

US spot Ethereum exchange-traded funds (ETFs) attracted $523.9 million in net inflows on Tuesday, according to data from SoSoValue.

The flows came a day after the funds recorded their largest single-day net inflow to date at $1.02 billion.

Six of the nine ether ETFs posted positive flows for the session.

BlackRock’s ETHA led with $318.67 million in net inflows, followed by Fidelity’s FETH at $144.9 million. Grayscale’s Mini Ether Trust reported $44.25 million in net inflows for the day.

This marks the sixth consecutive day of positive flows for ether ETFs, bringing total inflows over the period to $2.33 billion.

Collectively, spot ETH ETFs now hold $27.6 billion in net assets, representing about 4.8% of Ethereum’s total market capitalization.

Shift from Bitcoin to Ether products

Nate Geraci, president of NovaDius Wealth, said the recent momentum in Ether ETFs reflects a shift from Bitcoin ETFs, which dominated inflows last year and earlier in 2025.

On Tuesday, spot Bitcoin ETFs recorded net inflows of $65.9 million.

Geraci said Ether ETFs may have been underestimated by traditional finance investors who previously did not fully understand Ethereum’s role.

He noted that the narrative around Ethereum as a potential backbone of future financial markets appears to be resonating with investors.

Ethereum price outlook

Ether has also seen significant price appreciation, rising 8.5% in the past 24 hours to trade at $4,667, nearing its record high of $4,878.26 set in November 2021.

Market participants are assessing the potential for further gains.

Crypto trader Yashasedu said historical trends show Ether tends to reach 30% to 35% of Bitcoin’s market capitalisation during major bull runs.

In 2021, Ether reached 36% of Bitcoin’s market cap.

If Bitcoin reaches $150,000, a 25% increase from its current price of $119,335, Yashasedu estimated Ether could climb to $8,656 if it reaches 35% of Bitcoin’s market capitalisation.

At the lower end of projections, Ether could trade between $5,376 and $7,420 based on a 21.7% to 30% market cap ratio.

Several industry figures expect Bitcoin to surpass $150,000 by year-end.

Fundstrat co-founder Tom Lee, BitMEX co-founder Arthur Hayes, and Unchained market research director Joe Burnett have all forecast that Bitcoin could rise as high as $250,000 by the end of 2025.

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Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch

A simmering crypto rally boiled over into a full-blown frenzy during late US trading hours on Tuesday, after Treasury Secretary Scott Bessent dropped a bombshell suggestion that sent shockwaves through the market: the Federal Reserve should consider an aggressive 50 basis point rate cut.

His words acted like rocket fuel for risk assets, unleashing a powerful new leg higher for altcoins while leaving Bitcoin watching from the sidelines.

The market-moving comments came during an interview on Fox News, where Bessent openly questioned the central bank’s next move. 

“The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent stated. He went further, criticizing the central bank’s information-gathering process, adding that the Fed could have cut rates as early as June if it had been given accurate data, which he described as a “foundational issue.”

The Bessent fffect: unleashing the bulls

While markets had already almost fully baked in a standard 25 basis point cut for September, the mere mention of a 50-point move from a figure of Bessent’s stature completely reset expectations.

Although the Treasury Secretary is not a member of the Federal Reserve, his words carry immense weight.

President Trump has tasked him with leading the search for a replacement for current Fed Chair Jerome Powell, making his views a potential preview of the central bank’s future policy direction.

The reaction was immediate and fierce. Ether (ETH), already enjoying a positive day, blasted higher, surging nearly 9% over the past 24 hours to trade above $4,600 for the first time since the heady days of November 2021.

An altcoin affair

This was emphatically an altcoin-driven rally. Other major cryptocurrencies joined the surge, with Cardano (ADA), Solana (SOL), and Litecoin (LTC) each rocketing ahead by about 8%. XRP also caught a bid, rising 3.5%.

This flood of capital into digital assets mirrored a rally in equity markets, which climbed more than 1%, while the dollar weakened against all major currencies.

Conspicuously absent from the party were the Bitcoin bulls.

The world’s largest cryptocurrency remained largely unchanged, hovering around the $120,000 mark, suggesting traders were selectively deploying capital into assets perceived to have more immediate upside in a “risk-on” environment.

The stage for this dramatic late-day surge had been set earlier on Tuesday morning. The initial spark for the rally came after new data showed US consumer prices in July rising roughly in line with economist estimates, providing a sigh of relief.

But it was Bessent’s unexpected words that turned that sigh of relief into a roar of speculative excitement.

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XRP price up over 550% since November, technical setup suggests possible rally toward $34

  • Breakout from a seven-year double-bottom pattern confirmed.
  • 95% probability of spot ETF approval influencing sentiment.
  • XRP Ledger market cap-to-TVL ratio stands at about 2,200.

XRP has surged more than 550% since November, climbing above $3 on Tuesday, and sparking discussions in the crypto market about its next potential milestone.

Technical analyst Gert van Lagen has pointed to a long-term chart pattern suggesting the token could rise to $34 by mid-2026.

This projection is based on the completion of a multi-year double-bottom structure, a bullish pattern often followed by substantial price moves.

Historical precedents, recent legal developments, and strong ETF approval expectations are also influencing investor sentiment, although on-chain metrics point to valuation risks that could temper the rally.

XRP is now trading at $3.19, down by 0.79% in the past 24 hours.

XRP price
Source: CoinMarketCap

Technical breakout points to a multi-year rally

According to Van Lagen, XRP has broken out of a seven-year double-bottom pattern after pushing above the neckline resistance near $1.80.

The breakout was followed by a retest of the neckline, which acted as support.

In technical analysis, such a retest is often interpreted as confirmation of a strong breakout.

Using a 2.00 Fibonacci extension, the measured-move projection from this setup points to a target of $34 by mid-2026.

This setup resembles XRP’s 2014–2017 price action, when a similar long-term base led to a parabolic rally of over 100,000%.

XRP’s markets have seen multiple instances of large gains, including a 1,072% rise from the 2022 lows and a 1,625% surge during the 2020–2021 cycle.

Market drivers boosting XRP’s rally

The 2020–21 rally coincided with near-zero interest rates in the US, while the current gains have been driven by developments in the Ripple lawsuit, improved legal clarity, exchange relistings, and optimism for a spot XRP exchange-traded fund (ETF).

In 2025, market sentiment has been particularly influenced by forecasts indicating a 95% probability of spot ETF approval.

Analysts suggest that if an approval comes through, XRP could climb toward $27, bringing it close to Van Lagen’s target.

The ETF narrative has helped maintain bullish momentum this year, with traders factoring in the potential influx of institutional capital.

In past cycles, major inflows often occurred when regulatory milestones were reached, creating strong short-term surges.

Onchain metrics signal overvaluation risks

Despite the strong rally, onchain data highlights concerns.

XRP Ledger (XRPL), the blockchain underpinning XRP, shows much lower activity levels than other major layer 1 blockchains, including Ethereum.

Data from DefiLlama indicates that while XRP has a market capitalisation of $190 billion, its total value locked (TVL) stands at just $85 million — a ratio of about 2,200.

By comparison, Ethereum’s ratio is around 5.6, even though XRP’s market value is nearly 40% of Ethereum’s.

Another potential challenge is that over 95% of XRP’s circulating supply is currently in profit, according to Glassnode.

Historical data shows that in previous rallies, such a level of profitability often preceded significant price corrections, as profit-taking intensified and selling pressure mounted.

This trend was observed during the 2020–21 and 2022–25 cycles, when similar conditions led to pullbacks.

While technical patterns and market drivers are currently supporting XRP’s bullish case, the imbalance between valuation and onchain activity, coupled with elevated profit-taking potential, suggests that sustaining a rally toward $30 and beyond may face strong resistance.

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