ETF flows flip: Spot BTC ETFs saw $227 million in outflows yesterday, led by broad selling across eight funds, with IBIT being the only fund to see an inflow. ETH ETFs posted $167 million in net outflows, marking the fourth consecutive day of withdrawals.
Macro catalyst: Nonfarm Payrolls expected at 75k jobs with unemployment ticking up to 4.3%. Fed cut odds at the September meeting remain high, but stronger-than-expected data could pressure crypto.
BTC structure: Price keeps consolidating in the $104K - $116K air gap, with resistance at $114K - $116K, and support at $104K - $108K. Markets remain neutral but fragile, with breakouts likely to dictate the next trend.
ETH positioning: Exchange balances at 3-year low and validator demand strong with close to 1 million ETH waiting to be staked, but price remains capped at $4.4K. NFP print likely sets the direction.
Policy & regulation: SEC unveils new crypto rulebook proposals, while UK Treasury tightens AML rules. Global regulatory tone tilts toward clarity, with added compliance burdens.
For Ethereum, the past week has been something unusual: a coordinated showing across three distinct layers – from protocol to institutional go-to-market to consumer products.
The new organization, backed by Bitmine, Sharplink, and Ethereum co-founder Joe Lubin, consolidates the Ethereum Foundation's institutional outreach into a dedicated, neutral counterpart for financial institutions navigating on-chain adoption.
Robinhood Chain brings 24/7 tokenized stocks, perps via Lighter, and agentic trading to a global audience — as the brokerage pushes deeper into DeFi infrastructure.
