Bitcoin and Ethereum ETFs Rebound, While Cash Cat Token Explodes with 4,000% Surge
Bitcoin and Ethereum ETFs Rebound, While Cash Cat Token Explodes with 4,000% Surge
The crypto market experienced notable positive developments this week. Spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) concluded an eight-week period of net outflows, recording significant inflows of $197.40 million and $84.42 million respectively, signalling renewed investor confidence. This reversal follows a prolonged stretch of billions being drained from these products since mid-May.
In related news, the Cash Cat (CASHCAT) token witnessed an extraordinary surge, increasing by 4,000% and pushing its market capitalization past $200 million. This monumental rally was attributed to fresh derivatives access, accumulation, and heightened trading activity across the Robinhood Chain, reaching an all-time high of $0.211 before a slight correction.
Spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) both turned positive in the week ending July 10, ending eight straight weeks of net outflows. According to SoSoValue data, Bitcoin funds pulled $197.40 million, and Ethereum funds added $84.42 million. The twin reversal followed a stretch that had drained billions from the products since mid-May.
Separately, Cash Cat (CASHCAT) pushed past a $200 million market cap at its record high on July 11, driven by fresh derivatives access, accumulation, and surging trading across Robinhood Chain. The token hit an all-time high of $0.211 before easing to around $0.193, leaving its market cap near $192 million. It gained close to 29% over a short period, culminating in a 4,000% surge.