#BTC and hashtag#ETH trading volumes on CEX have hit their lowest levels in nearly four years, with BTC holdings dropping below 2.3 million and ETH below 16 million. This trend suggests a shift towards long-term holding among investors, adopting a "diamond hands" approach. Economic instability and inflation are making limited-supply assets like Bitcoin more appealing. Additionally, the approval of BTC and ETH spot ETFs by the SEC has attracted institutional investors, further driving market growth.
The 11 spot bitcoin exchange-traded funds in the U.S. recorded daily net inflows of $241.12 million on Monday.
The funds have brought in nearly $1.2 billion in the past six days.
Dankrad Feist, researcher at the Ethereum Foundation, announced on X that he recently became an advisor to EigenLayer.
Ethereum Foundation researcher Justin Drake had first disclosed his advisory role at the restaking protocol over the weekend, after discussions surfaced surrounding possible conflicts of interest.
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