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>>$40 Billion Crypto Rally: Bitcoin and Ethereum Flood Exchanges and ETFs Amid a Market Correction

$40 Billion Crypto Rally: Bitcoin and Ethereum Flood Exchanges and ETFs Amid a Market Correction

crypthub

about 7 hours ago

Exchange Deposits Surge

Crypto exchanges recorded a sharp rise in deposits amid the market pullback, according to CryptoQuant. Binance’s stablecoin reserves topped $51.1 billion, its highest ever, indicating large amounts of idle cash. Weekly inflows of Bitcoin and Ethereum reached $40 billion, with Binance and Coinbase handling the bulk. Investors shifted funds from private wallets and liquidity venues to exchange order books, reflecting short‑term rebalancing.

Spot Bitcoin ETF Inflows

Bitcoin spot ETFs added 1.46 k BTC (≈$128.7 million) in the last 24 hours, driven solely by ETF settlement activity. The deposits corresponded to new share creations across multiple broker channels. Custodians verified the on‑chain inflows, expanding regulated holdings while exchange reserves stayed unchanged.

Spot Ethereum ETF Inflows

Ethereum spot ETFs received 26.62 k ETH (≈$78.6 million) in the same period, also linked to fresh share issuances. Large traders and whales routed ETH into regulated custodial wrappers instead of self‑custody. This boosted ETF custodial balances, mirroring the Bitcoin trend.

Implications

The combined exchange and ETF inflows suggest that significant capital is waiting on the sidelines, ready for a market rebound. Custodial balances are rising across both centralized platforms and regulated funds. The data points to a strategic repositioning rather than panic selling.

$40 Billion Crypto Rally: Bitcoin and Ethereum Flood Exchanges and ETFs Amid a Market Correction

Exchange Deposits Surge

Spot Bitcoin ETF Inflows

Spot Ethereum ETF Inflows

Implications

$40 Billion Crypto Rally: Bitcoin and Ethereum Flood Exchanges and ETFs Amid a Market Correction