Bitcoin funds saw $ 436 million in August in August Photocredit: Munandme
Bitcoin and Ether both act within a mustache heights of all time while investors accumulate in the two largest cryptocurrencies, with a recent wave of demand for the favor of the latter.
From the early morning in New York, Bitcoin traded above $ 120,600 on Wednesday, making it about 2% below the peak of July. In the meantime, Ether has shaked off a long -term spell of underperformance and is now only 3% shy of his 2021 Bullmark record. The second largest token has led a wave that pushed the total crypto-market capitalization into a record of $ 4.2 trillion, according to data collected by Coetecko.
The Rally in Ether is fed by record intake in funds that invest directly in the token and a growing number of so-called ether-oriented treasury companies-public companies to the Bitcoin accumulation strategy of Michael Saylor. These entities have jointly absorbed almost $ 17 billion in etherb, according to data collected by strategicethreerve.xyz.
180 Life Sciences Corp., which does business under the name Ethzilla, extends the stock price profits on Wednesday and increases by more than 50% on the market in premarket. Biotechnology became Ethereum Treasury Company, supported by billionaire Peter Thiel, rose by more than 200% on Tuesday after he announced that it has 82,186 Ether tokens.
In August, American spot -ether ETFs have attracted more than $ 1.7 billion in net inflow, while Bitcoin funds saw $ 436 million in, according to data collected by Bloomberg. On Tuesday, for the first time since their launch, the nine American place ETFs placed more commercial activities than their dozen Bitcoin opposite hits. Open interest in ether -fautures between exchanges also climbed a record of $ 66 billion, according to CoingLass data.
“The approval of the US Genius Act in July, which clears the way for the regular acceptance of Stablecoins, is a crucial change,” wrote Geoff Kendrick, head of Digital Assets Research at Standard Chartered in a Wednesday report. “Stablecoins accounts for 40% of all blockchain costs today, and more than 50% of the Stablecoins are on Ethereum. The Genius Act must indirectly stimulate the Layer One activity of Ethereum, because an increased Stablecoin -LIKLIDITY leads to more decentralized financial (Defi) activity, where.”
Standard Chartered now sees ether to hit $ 7,500 by the end of 2025, for an earlier goal of $ 4,000.
© 2025 Bloomberg LP
Published on August 13, 2025
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