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Ethereum ETFs notch eight straight days of inflows, longest streak since start of October

And BitMine, the largest ethereum treasury company, acquired 101,627 ethereum tokens last week, worth $234.8 million.

4/21/26 1:18PM

Ethereum ETFs, TradFi’s mechanism to gain exposure to the second-largest cryptocurrency, have recorded eight consecutive days of inflows, totaling $493.7 million.

The ongoing streak is the longest since September 29 to October 8, when the price of ethereum jumped from $4,215 to $4,527, data from SoSoValue shows. But after that, the price of ethereum slid and hasn’t neared the $4,000 level since the end of October.

The inflows come as BitMine Immersion Technologies registered its highest pace of buys since last year, acquiring 101,627 ethereum tokens last week, worth $234.8 million at current prices. The firm, the second-largest cryptocurrency treasury company behind bitcoin giant Strategy, now owns more than 4% of the total ethereum supply, albeit at a 10-figure unrealized loss.

Meanwhile, users have pulled $10.5 billion from ethereum’s total value locked in the DeFi ecosystem since the weekend, when a protocol on the network suffered a $290 million exploit, likely at the hands of the DPRK’s Lazarus Group.

“What’s clear now is that even the most established DeFi protocols have a target on their back,” according to Lukas Schor, president of the Safe Ecosystem Foundation. “Cybersecurity has always been a cat-and-mouse game... We, as an industry, have to level up our defenses. Otherwise, trust in DeFi will be very quickly and irrecoverably eroded,” Schor told Sherwood News.

What’s next for ethereum’s price action? Well, market participants have been making extreme forecast swings in both directions: pro-ethereum Wall Street startup Etherealize outlined its case for ethereum to reach $250,000, while Ansem, a popular crypto figure on X, is more bearish, posting that traders can short ethereum to close under $1,000 by the end of the year.

Prediction market-implied odds of ethereum setting a yearly low under $1,000 stands at 21%, compared to a 64% chance the 2026 low for the token is under $1,750. On the bullish side, traders have placed a 44% probability the token climbs above $3,500 and a 14% chance it goes above $6,000 by 2026.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Sage D. Young

Zcash nosedives after counterfeit vulnerability revealed

The privacy-focused cryptocurrency has dropped more than 40% in the last 24 hours, shedding $3.8 billion in market capitalization.

$62B

Yaël Bizouati-Kennedy9h

Bitcoin digital asset treasuries (DATs) have taken a big hit amid bitcoin’s tumble, shedding $62 billion in value since the asset’s October 6 all-time high, Artemis data shows, with their fully diluted market cap dropping to $72 billion from $134 billion in early October.

Meanwhile, bitcoin, which has fallen below $62,000 on Friday morning, is down 50% from its all-time high. DAT pioneer Strategy’s market cap stood at $102.2 billion on October 6, according to Macro Trends, and is now down to $45.6 billion, a 55% decline. Strategy has been in hot water since it sold 32 bitcoin earlier this week, and because its digital credit instrument, STRC, has been trading below its par value. Shares of Strategy are down 17% in the past week.

Sage D. Young6/4/26

“Sentiment for crypto is firmly in the gutter” as sector sinks, with tokens hitting multiyear lows

On Thursday, altcoins swept lower as bitcoin weakened. The tokens with the biggest losses in the last 24 hours are NEAR, ethena, and Zcash, each declining double digits in the period.

Other tokens have dropped to lows not seen in over a year in the past 24 hours:

Ethereum dropped 4.4% to under $1,780, a level not seen since April 2025.
XRP declined 4.5% to an 18-month low last hit in November 2024.
Solana decreased 6% to trade below the $70 mark, its lowest price since December 2023.
Dogecoin slid below $0.09, a 27-month low last seen in February 2024.

“Sentiment for crypto is firmly in the gutter as fears surrounding BTC/STRC and its potential overflow compound and overshadow anything that can be read as positive news (e.g. CLARITY movements),” according to Sean Dawson, head of research at crypto options platform Derive.xyz.

“[Altcoins] are high beta plays to BTC and are typically sold heavily in a downturn. Simply put, I’d be even more bearish on alts,” Dawson told Sherwood News.

“Further, liquidity has been drained into this year’s ‘superhot’ narrative of AI/data centers. In other words, there are just better, more exciting opportunities elsewhere,” Dawson added.

One cryptocurrency that has bucked the downtrend has been worldcoin, the native token for World, the digital identity project backed by OpenAI CEO Sam Altman. While the broader crypto market has been pushing lower, WLD has jumped nearly 5% in the last 24 hours and 90% in the past seven days, data from CoinGecko shows.

Yaël Bizouati-Kennedy

6/4/26

Bitcoin nears February lows amid $1.4 billion exiting its ETFs

“This week has been painful in crypto. There is really no other way of putting it.”