Hey there, crypto enthusiasts! Listen up because this one’s a doozy. John Deaton, the crypto lawyer turned former Republican senatorial candidate for Massachusetts, just dropped a bombshell. He’s betting big on Ethereum (ETH) hitting a whopping $10,000 in the current market cycle. 🤑 And you thought your last lottery ticket was exciting!
Ethereum’s Rise: A Tale of Treasury Accumulation and ETF Inflows
Deaton’s confidence isn’t just a wild guess. It’s rooted in some serious market trends. ETF analyst Nate Geraci noticed something interesting: spot ETH ETFs raked in a cool $340 million on Friday, bringing the total to $2.8 billion in net inflows for August alone. Meanwhile, Bitcoin ETFs lost $1.2 billion in the same period. Since July, spot ETH ETFs have attracted a staggering $8.2 billion in inflows, while Bitcoin ETFs managed a mere $4.8 billion. Talk about a game changer! 🎲
Spot eth ETFs w/ $340mil inflows yesterday…
So far in August:
Spot eth ETFs = $2.8bil inflows
Spot btc ETFs = $1.2bil *outflows*
Since beginning of July:
Spot eth ETFs = $8.2bil inflows
Spot btc ETFs = $4.8bil inflows
Notable recent shift.
– Nate Geraci (@NateGeraci) August 23, 2025
it’s up 7.28% on the weekly chart and a whopping 23.98% on the monthly chart. With a market cap of $576 billion, ETH remains the second-largest cryptocurrency and the 22nd largest asset in the world. Not bad for a digital coin, right? 🚀
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2025-08-24 17:54