Bitcoin ETFs pull in $238 million as Ether funds end an eight-day outflow streak and Solana products extend a ten-day run of inflows. Spot crypto exchange-traded funds (ETFs) saw a rebound at the end of the week, with all Bitcoin, Ether and Solana funds seeing inflows after a week of volatility and downturns. On Friday, spot Bitcoin (BTC) ETFs attracted $238.4 million in net inflows after a wave of heavy redemptions the day before. BlackRock’s IBIT drove the turnaround with $108 million, while smaller contributions from BITB, ARKB, and BTCO helped lift sentiment. Even Grayscale’s GBTC, long pressured by outflows, added $61.5 million, according to data from Farside Investors. The recovery came after a bruising $903 million outflow on Thursday, the biggest outflow day in November and one of the largest single-day outflows since the products were launched in January 2024. Read more
A solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of only 1.2 TH/s, beating massive odds. A solo Bitcoin miner hit the jackpot on Friday, earning 3.146 BTC, worth roughly $266,000, after solving block 924,569 with only a tiny fraction of the computational power typically needed to win a block reward. The miner, who is believed to be operating a hobby-grade machine, struck gold with a hash rate of roughly 1.2 terahashes per second (TH/s), which is a speck of dust in an industry dominated by industrial-scale operations producing exahashes (one quintillion hashes per second). CKpool creator Con Kolivas announced the win on X, congratulating the “extremely lucky” miner and noting just how improbable the event was. He estimated that the odds translate to about 1.2 million to one per day at the miner’s reported hash rate. Read more