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The digital asset market<\/a> is abuzz with excitement as investment products saw a staggering $1.2 billion in inflows for the third consecutive week.<\/strong><\/p>\n Bitcoin led the charge with $1 billion, while Ethereum broke its five-week slump with $87 million in inflows.<\/p>\n According to CoinShares, digital asset investment products saw a total inflow of $1.2 billion for the third consecutive week last week, in response to expectations of continued dovish monetary policy in the United States. Bitcoin saw inflows of $1 billion, and Ethereum broke its\u2026<\/p>\n \u2014 Wu Blockchain (@WuBlockchain) September 30, 2024<\/a><\/p>\n<\/blockquote>\n Ethereum\u2019s resurgence is fueled by growing network activity and impressive price performance. Notably, ETH hit $45 million in weekly fees, its highest since June 10, 2024.<\/p>\n ETH hit $45M in weekly fees, the highest since June 10, 2024. While Bitcoin’s ‘digital gold’ narrative captures more attention in traditional finance, Ether’s growing network activity and price performance continue to impress. pic.twitter.com\/tPaegfV6QJ<\/a><\/p>\n \u2014 IntoTheBlock (@intotheblock) September 29, 2024<\/a><\/p>\n<\/blockquote>\n Vitalik Buterin\u2019s associated wallet \u201c0x556\u201d deposited 649 ETH ($1.72 million) into Paxos, following a 1,300 ETH ($3.21 million) transfer from wallet \u201c0xd04\u201d on September 19.<\/p>\n The Ethereum Foundation sold another 100 $ETH<\/a> for 262,474 $DAI<\/a> about 10 minutes ago!<\/p>\n So far in 2024, the Ethereum Foundation has directly sold 3,766 $ETH<\/a> for 10.46M $DAI<\/a> via #CoWSwap<\/a> at an average price of $2,777. Notably, 1,250 $ETH<\/a> ($3.06M) has been sold in September alone.\u2026 https:\/\/t.co\/OFQiC42V4t<\/a> pic.twitter.com\/PBgaBxZtjr<\/a><\/p>\n \u2014 Spot On Chain (@spotonchain) September 30, 2024<\/a><\/p>\n<\/blockquote>\n The Ethereum Foundation has been actively selling ETH, unloading 100 ETH for 262,474 DAI via CoWSwap just minutes ago. This brings their 2024 total to 3,766 ETH sold for 10.46 million DAI.<\/p>\n \u2013 Ethereum spot ETFs: $84.51 million net inflow (September 23-27)<\/strong> Last week (September 23 to September 27), Ethereum spot ETFs had a net inflow of $84.51m. Grayscale ETF ETHE had an outflow of $127m. Blackrock ETF ETHA had an inflow of $94.95m, and Fidelity ETF FETH had an inflow of $64.91m. https:\/\/t.co\/Tvs2oCSxTg<\/a><\/p>\n \u2014 Wu Blockchain (@WuBlockchain) September 30, 2024<\/a><\/p>\n<\/blockquote>\n As Ethereum\u2019s momentum builds, investors are taking notice:<\/p>\n \u2013 Growing network activity.<\/strong> Will Ethereum continue its upward trajectory? Keep a close eye on these key metrics.<\/p>\n Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.<\/i><\/p>\n Follow us on Twitter\u00a0<\/b>@nulltxnews<\/b><\/a>\u00a0to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and\u00a0<\/b>Metaverse news<\/b><\/a>!<\/b><\/p>\n Image Source: nexusplexus\/<\/i>123RF<\/i><\/a>\u00a0\/\/ Image Effects by\u00a0<\/i>Colorcinch<\/i><\/a><\/p>\n<\/p><\/div>\n<\/p><\/div>\n <\/main><\/p><\/div>\n\n
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Insider Moves:<\/strong><\/h3>\n
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ETF Flows<\/strong><\/h3>\n
\n\u2013 Blackrock ETF ETHA: $94.95 million inflow<\/strong>
\n\u2013 Fidelity ETF FETH: $64.91 million inflow<\/strong>
\n\u2013 Grayscale ETF ETHE: $127 million outflow<\/strong><\/p>\n\n
\n\u2013 Impressive price performance.<\/strong>
\n\u2013 Increased institutional investment.<\/strong><\/p>\n