Ethereum Price Forecast: $ETH extends rally as ETFs eye record weekly inflows, Bit Digital treasury tops 120,000 ETH.
Ethereum (ETH) continued its bullish run on Friday, rising above $3,600 as former Bitcoin miner Bit Digital (BTBT) expanded its holdings to 120,000 ETH. Meanwhile, US spot ETH exchange-traded funds (ETFs) are on track to record their largest weekly inflows after taking in over $1.78 billion in the past four days.
Bit Digital expands ETH treasury, ETH ETFs on track for record weekly inflows
Nasdaq-listed Bit Digital stated it bought 19,683 ETH using proceeds from a recent $67.3 million direct offering. With the purchase, the company said it has grown its stash to 120,306 ETH.
Bit Digital pivoted from Bitcoin mining to an Ether treasury earlier in the month, after raising $172 million from a public offering and selling 280 BTC.
