On-chain data shows the Bitcoin spot exchange-traded funds (ETFs) have seen three waves of major inflows from the veteran hands in this cycle so far. Bitcoin Coin Days Destroyed Shot Up Alongside Earlier ETF Net Inflows As explained by CryptoQuant author Maartunn in a new post on X, Bitcoin has been observing major reshuffles related to old tokens and the spot ETFs. The spot ETFs refer to investment vehicles that trade on traditional platforms and allow investors to gain exposure to an underlying asset like BTC without having to directly own the asset. The BTC spot ETFs launched in the US in January 2024. Since then, the funds have generally enjoyed growth, with a few periods involving a particularly sharp burst of inflows. The main attraction of the ETFs is that investors unfamiliar with the cryptocurrency world can invest into BTC in a form that’s convenient to them. Related Reading: Safe Haven Split: Bitcoin-Gold Correlation Turns Negative For First Time In 6 Months When a trader invests into such a vehicle, the fund buys an equivalent amount of the cryptocurrency on the client’s behalf. This reflects as an on-chain movement into the wallets associated with the ETF. Below is the chart shared by Maartunn that shows the trend in the 30-day Bitcoin spot ETF netflow since the start of 2024. As displayed in the graph, the Bitcoin spot ETF netflow has seen a few phases of extremely positive values. These naturally correspond to a high amount of demand for the ETFs. Interestingly, there is a pattern common among these large waves of inflows. From the chart, it’s visible that the Coin Days Destroyed (CDD) gave distribution signals alongside the netflow spikes. The CDD is an on-chain indicator that measures the total number of coin days that are being “destroyed” in transactions across the BTC network. A coin day is a quantity that one BTC accumulates after staying dormant on the blockchain for one day. When a token dormant for some number days is moved, its coin days counter returns back to zero. The coin days that it had previously been carrying are said to be destroyed. Generally, spikes in this metric correspond to activity from the diamond hands of the network. These HODLers tend to accumulate a massive amount of coin days with their patience, so when they finally break their silence, large-scale destruction of coin days takes places. The three major Bitcoin ETF net inflow waves of Summer 2024, Fall 2024, and Summer 2025 all accompanied a distribution signal from the CDD, which suggests a rotation of coins happened from the veteran hands to new demand coming through these vehicles. Related Reading: Dogecoin Signal That Nailed The Top Says It’s Time To Buy Since the latest such wave, the ETF netflow has calmed down to the neutral level, meaning demand has gone cold. “ETF inflows are key,” notes Maartunn. “Without strong new demand, selling pressure from new holders could increase.” BTC Price At the time of writing, Bitcoin is trading around $110,500, up 2% over the past week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
The United States Securities and Exchange Commission (SEC) has announced the formation of a new cross-border task force to tackle issues related to international fraud, including pump and dump schemes and other vices in the financial investment sector. According to its press release, the agency mentioned that it is taking the fight against fraud to a new height, formulating a cross-border task force to strengthen the efforts of the Division of Enforcement. In addition, the agency will help them take the fight to the individuals and entities targeting United States residents, combating cross-border fraud that harms investors. SEC announces formation of cross-border task force In its press release, the agency mentioned that the cross-border team will be charged to initially focus on investigating potential US federal securities law breaches on the part of foreign-based companies. This will include potential market manipulations such as pump-and-dump and ramp-and-dump schemes. Pump-and-dump schemes are situations where the team behind an investment, or in some cases, a token, uses false or misleading rumors to create a buying rush that pushes the price of the token up. When the price of the token has attained the highest possible figure, the team then sells their portion of the token, which in turn pulls the price of the token down, making it useless for regular investors. Over the last few months, several regulators, including the United States Commodity Futures and Trading Commission ( CFTC ), have warned traders and investors, especially those in the crypto industry, about a series of pump-and-dump schemes. The agency has warned retail traders, who are often the victims in this case, to avoid investments that look like such schemes, giving them clear ways to identify such investments. Although the commission has warned investors about the need for due diligence and carefulness when patronizing projects in the crypto space, it noted that the task force will not hesitate to go after those who breach its rules. In addition, it said its task force will be charged to focus its enforcement on gatekeepers, especially auditors and underwriters, who help these companies gain access to the United States capital markets. Task force to focus on securities law violations According to the agency, the task force will also examine potential securities law violations related to companies from foreign jurisdictions such as China, where governmental control and other factors pose unique risks to investors. Speaking about the new development, Paul Atkins, the SEC Chairman, said the United States welcomes companies around the world seeking access to the US capital markets. “But we will not tolerate bad actors – whether companies, intermediaries, gatekeepers, or exploitative traders – that attempt to use international borders to frustrate and avoid U.S. investor protections. This new task force will consolidate SEC investigative efforts and allow the SEC to use every available tool to combat transnational fraud,” he added. Atkins also noted that he has ordered that he has directed other SEC divisions and offices to join hands in this battle. “I have also directed the staff in other SEC divisions and offices, including the Divisions of Corporation Finance, Examinations, Economic and Risk Analysis, and Trading and Markets, as well as the Office of International Affairs, to consider and recommend other actions that would better protect U.S. investors, including new disclosure guidance and any necessary rule changes,” he said. Division of Enforcement Director Margaret Ryan also talked about the task force and what is expected of the individuals who will make up the group. “The Cross-Border Task Force will leverage the Division of Enforcement’s resources and expertise to combat international market manipulation and fraud. We are pleased to be part of this critical effort to enforce the federal securities laws and protect U.S. investors,” she said. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
Ethereum exchanges are drying up quickly as ETH exchange ‘flux’ turns negative for the first time ever. Flux, by the way, calculates the cumulative net flow of ETH across all exchanges. A positive flux means there are more ETH deposits, which simply shows people are selling more ETH and buying less. A negative flux balance, however, indicates more outflows of ETH from exchanges than inflows, suggesting aggressive buying among market participants. Data from CryptoQuant also suggests that the balance of ETH on exchanges has now hit a new rock bottom , indicating strong institutional buying. Recently, Yunfeng Financial Group, backed by Chinese tycoon Jack Ma, bought 10,000 ETH worth $44M as part of its reserve strategy. Meanwhile, BitMine Immersion Technologies, the largest institutional holder of ETH, added around 153,000 tokens , taking their stash past the $8B mark with 1.86M ETH in holdings. BitMine, in fact, now holds 1.5% of the total ETH supply. Additionally, three ICO-era whales recently moved $645M worth of Ethereum to a new staking address . These 150,000 ETH were originally bought for just $0.31, and instead of booking $643M in gains, these whales chose to stake the tokens for steady yields. This highlights how institutions increasingly view Ethereum as a yield-generating asset rather than just a speculative bet. Let’s dig into ETH’s technical charts to understand how the next few weeks could pan out. We’ll also suggest the best altcoins to buy now to make the most of this momentum. Ethereum Technical Analysis: Awaiting a Breakout After surging 139% since the beginning of May and teasing the $5K level on August 24, Ethereum has now entered a symmetrical triangle pattern, with key support at around $4,000. A symmetrical triangle typically signals the continuation of a strong bull run. A breakout here could see $ETH quickly reclaim previous highs and march toward $5,500 and beyond. According to Bitbull, a crypto trader with 67K followers on X, $ETH is holding a rising trendline on the daily timeframe. And as long as it doesn’t break below, $ETH remains a good buy . More importantly, as $ETH rises, so does the broader altcoin market, which often delivers astronomical returns. If you’re looking to make the most of Ethereum’s upcoming rally, here are a few cryptocurrencies worth watching right now. 1. Bitcoin Hyper ($HYPER) – Supercharging the Bitcoin Blockchain with Solana-Like Performance Bitcoin Hyper ($HYPER) is the best crypto to buy now thanks to its game-changing mission to improve Bitcoin’s real-world utility. $HYPER is building the first true Layer 2 solution for Bitcoin, aimed at turbocharging the network with lightning-fast speeds, ultra-low fees, and full Web3 compatibility. Why’s this important? Because beyond its appeal as an investment vehicle, Bitcoin doesn’t provide much value to core crypto users: it’s painfully slow, congested, and expensive. By integrating the Solana Virtual Machine (SVM), $HYPER will let developers build smart contracts and decentralized applications on Bitcoin itself. Additionally, a decentralized, non-custodial canonical bridge will let you interact with Hyper’s Web3 environment by converting your native Bitcoin into Layer-2-compatible tokens. You can then use these wrapped $BTC tokens to engage in high-speed DeFi trading, NFTs, lending, staking, and DAOs – all without leaving the Bitcoin blockchain. Buy $HYPER now while it’s still in presale and available at some of its lowest-ever prices. At the moment, 1 $HYPER is priced at just $0.012865, and the project has already raised a whopping $14.1M from early investors. Plus, according to our Bitcoin Hyper price prediction , the token could hit $0.32 by year-end – a staggering 2,400% gain for early buyers. Visit Bitcoin Hyper’s official website for more information. 2. Maxi Doge ($MAXI) – Hype-Driven Meme Coin Gunning for 1000x Returns If you think you’ve leaned a little too much on the cautious side and stacked only mainstream, utility-driven altcoins, consider Maxi Doge ($MAXI) . It’s a new meme coin in presale , fronted by a bulked-up, angrier, and potentially more profitable version of Dogecoin. Maxi is, in fact, Dogecoin’s distant cousin – but the two are anything but close. Dogecoin’s success and ‘cute’ vibe ruined Maxi’s childhood, as his family members were too busy hyping Doge to pay him any attention. Looking for revenge, Maxi found solace in the gym and in front of the charts. He built up his muscles and his crypto brain, crafting both a robust personality and a creative plan to overthrow Doge as the best meme coin on the planet. The plan? Aggressive marketing. Think PR campaigns, influencer collaborations, and social media blitzes. In fact, the project’s developers have reserved a whopping 40% of the total $MAXI supply for marketing purposes. And despite not having any ‘revolutionary’ utility, holding $MAXI could still be extremely rewarding. You’ll get access to holder-only events, like weekly trading competitions and leaderboard prizes. Currently in presale, $MAXI has already pulled in over $1.88M from early investors, with each token priced at just $0.000256. Check out Maxi Doge’s official website for more information. 3. Tutorial ($TUT) – Viral Altcoin Capable of Riding Crypto’s Renewed Momentum Tutorial ($TUT) emerged as one of the top trending cryptos in the June–July rally, gaining a whopping 200%. And now, with another run-up on the cards, the token is again showing signs of a potential explosive move to the upside. It’s up over 16% in the past week, currently trading around $0.06886 – just one big green candle away from its all-time highs. Beyond that, there’s really no resistance stopping the token from going absolutely bonkers and potentially becoming the next 1000x crypto . What’s driving its momentum? Hype and community backing, of course – but $TUT is also one of the few tokens that hits the sweet spot between popularity and utility. As the name suggests, Tutorial is an education-based crypto offering easy-to-understand lessons on topics like setting up a crypto wallet , writing smart contracts, and trading on decentralized exchanges , helping newbies learn the ropes of crypto and blockchain. Wrapping Up Ethereum exchanges are drying up at a record pace, signaling a never-before-seen interest from deep-pocketed players looking to load up as much of the ‘digital silver’ as possible. This trend, combined with a potential interest rate cut in September, could send $ETH and other altcoins straight to the moon. If you want to capitalize on this rally, consider loading up on low-cap, high-upside tokens like Bitcoin Hyper ($HYPER) , Maxi Doge ($MAXI) , and Tutorial ($TUT). That said, kindly remember that the crypto market is highly volatile and unpredictable. This article is not financial advice. Always do your own research before investing.