eth bouncing back above $2,700 after ETF surge… $4.5 bil net inflows… blackrock leading with $171.8 mil new investments… feth with $74.5 mil… derivatives shifting on binance… open interests
Ethereum (ETH) bounced back above $2,700 after a surge in ETF trading volumes, exceeding $4.5 billion in net cumulative inflows. Currently priced at $2,723.98, Ethereum regained strength with a 4.1% increase in the past 24 hours. The ETF milestone was reached after 25 US trading sessions post the products crossing $3 billion. Blackrock led with $171.8 million in new investments, followed by Feth's $74.5 million.
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Derivatives positioning shifted, with Binance ETH/USDT perpetual long ratio dropping below parity at 0.98 on July 9. This change in open interest and net-long balance signals fresh market activity. A surge in open interests alongside significant price movements validates ongoing trends, while divergences often precede reversals.
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A recent report identified four catalysts that could impact supply dynamics in Q3, including expected FNB inflows of $10 billion and potential US spot ETF approvals attracting $7 billion. Additionally, corporate treasury adoption and increased demand for tokenized assets are expected to drive prices up and strengthen L1 yield profiles.
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