The Daily: Ethereum ETFs inflows, Bitstamp-Mt. Gox update, Proton Wallet and more
U.S. spot Ethereum ETFs saw net inflows of $107 million on the first trading dayMt. Gox creditors to start receiving bitcoin and bitcoin cash from Bitstamp on ThursdayFirm behind Proton Mail unveils self-custodial Bitcoin walletThe following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.S. spot Ethereum ETFs net over $100 million of inflows on first day
The nine new U.S. spot Ethereum ETFs recorded $106.6 million in net inflows for their first trading day on July 23.
- Total trading volume for the Ethereum ETFs exceeded $1.05 billion on Tuesday.
- Grayscale's ETHE was the only ETF to witness net outflows, amounting to a substantial $484.1 million immediately exiting the higher-fee fund.
- Blackrock's ETHA led the inflows with $266.5 million, followed by Bitwise's ETHW with $204 million, Fidelity's FETH with $71.3 million and Grayscale's ETH Mini Trust with $15.1 million in net inflows.
- Meanwhile, U.S. spot Bitcoin ETFs saw $78 million in total net outflows on Tuesday, ending a 12-day positive streak.
Bitstamp to start distributing bitcoin to Mt. Gox creditors
- The crypto exchange confirmed it received bitcoin, bitcoin cash and ether funds from the Mt. Gox Trustee on Wednesday.
- Addresses linked to Mt. Gox have sent approximately 10,216 BTC ($676 million) to Bitstamp this week, according to the blockchain analytics platform Arkham.
- Kraken also began paying out creditors this week, following prior distributions by Bitbank and SBI VC Trade.
- Approximately 20,000 former Mt. Gox users are due to receive over $9 billion in total repayments as part of the restitution process.
Firm behind Proton Mail unveils self-custodial Bitcoin wallet
- The wallet allows users to buy, store, and transfer bitcoin. It incorporates features like sending bitcoin via email and enhanced security by leveraging Proton's existing infrastructure.
- Proton Wallet, which aims to simplify users' Bitcoin experience, is initially available to early-access users on the web, Android, and iOS ahead of a broader rollout.
- Proton has long supported Bitcoin, accepting it for payments and donations, previously confirming it holds bitcoin as part of its financial reserves.
Peter Thiel's Founders Fund leads $15 million Series A for Ethereum rollup platform Caldera
- Caldera's total funding now stands at $25 million, with the platform having previously raised $10 million last year.
- The platform helps developers launch Ethereum rollups quickly on tech stacks such as Optimism's OP Stack, ZKsync's ZK Stack, Arbitrum Nitro and Polygon CDK. It is also developing "Metalayer" that aims to unify the fragmented Layer 2 and Layer 3 ecosystems.
- Caldera claims to have facilitated over 50 projects, collectively holding $800 million in total value locked and completing more than 59 million transactions across 1.7 million unique wallets.
Ferrari to expand crypto payments for cars to Europe
- The luxury sports car giant's European dealer network can start accepting crypto payments for Ferrari vehicles by the end of July.
- Ferrari partnered with BitPay as its cryptocurrency payment processor for the U.S. launch, accepting payments in bitcoin, ether and the USDC stablecoin. However, it remains unclear which crypto payment processors the Italian firm will use in Europe.
In the next 24 hours
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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