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Spot Ethereum ETFs recorded $76 million in outflows on Monday, with major asset managers BlackRock and Fidelity among the firms reporting investor redemptions from their exchange-traded funds.

The outflows continue a pattern of volatility seen in September 2025, with ETH-tracking funds experiencing fluctuating investor interest.

Fidelity and Bitwise drove much of the redemption activity, while BlackRock’s iShares Ethereum ETF saw occasional inflows that partially offset the broader trend across the product category.

Since launching in July 2024, spot Ethereum ETFs have accumulated over $13 billion in net inflows overall. However, Grayscale’s legacy trust has seen outflows exceeding $4.5 billion as investors migrated to newer, lower-fee alternatives.

The funds have shown institutional appetite for ETH exposure in recent months, with several trading days recording more than $100 million in inflows. Ethereum traded at approximately current levels amid broader digital asset market movements.

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LayerZero Foundation, the non-profit entity overseeing the development of the LayerZero blockchain interoperability protocol, today initiated a buyback of 50 million ZRO tokens from early backers.

The buyback targets tokens held by initial investors who provided funding during the project’s early development phases. Token buybacks in crypto are typically used to reduce circulating supply and signal long-term confidence in the protocol.

ZRO launched in June 2024 with an initial fully diluted valuation of around $3.0 billion. The foundation distributed 8.5% of the token supply through an airdrop on launch day to bootstrap community participation.

LayerZero’s protocol connects over 50 blockchains and has facilitated more than 100 million cross-chain messages since launch, enhancing liquidity across decentralized applications.

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Spot gold climbed above $3,740 per ounce today, marking a new all-time high for the precious metal valued for its rarity and use in investments, jewelry, and technology.

The breakthrough represents another milestone in gold’s remarkable 2025 performance, with the metal posting gains of over 40% year-to-date. Central bank purchases and investor demand for safe-haven assets have fueled the sustained rally.

Goldman Sachs and UBS analysts have forecasted gold reaching $3,800 to $4,000 per ounce by late 2025 or into 2026, reflecting ongoing bullish sentiment amid economic uncertainties.

The current price surge extends gold’s role as a hedge against currency devaluation, with rising prices often correlating with geopolitical tensions, inflation concerns, and a weakening US dollar.

Central banks, including those in China, have increased gold reserves substantially in recent years, contributing to sustained demand well beyond historical averages.

Gold’s ascent past $3,740 surpasses previous peaks like the $2,000 per ounce barrier broken in 2020 during the COVID-19 pandemic, highlighting the metal’s performance during periods of global instability.

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Uber Technologies Inc. shares surpassed $100 today for the first time since the ride-hailing and food delivery company went public, marking a significant milestone for the stock.

The achievement represents a more than doubling from Uber’s $45 IPO price in 2019. The stock fell below $15 during the 2020 market crash before beginning its recovery.

Uber achieved its first full year of GAAP profitability in 2023 and joined the S&P 500 index, attracting institutional investment. The company announced a $7 billion share buyback program in early 2024.

The company is positioning itself in autonomous vehicle technology through partnerships and robotaxi investments.

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BlackRock, a major American investment management corporation overseeing trillions in assets, purchased $390 million in Bitcoin and Ethereum on Friday, continuing its aggressive expansion into digital assets.

The latest acquisition adds to BlackRock’s substantial crypto holdings, which have grown rapidly since the firm began offering cryptocurrency ETFs. The investment management giant now holds nearly 765,000 BTC following the approval of spot Bitcoin ETFs in early 2024.

BlackRock’s growing digital asset portfolio reflects broader institutional adoption trends, with traditional finance firms increasingly allocating portions of their portfolios to crypto assets through exchange-traded funds.

Since launching its cryptocurrency investment products, BlackRock has accumulated billions in value across Bitcoin and Ethereum holdings, establishing itself as one of the largest institutional holders in the space.

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Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, expressed confidence today in the central bank’s ability to reach its inflation targets amid ongoing economic uncertainty.

The Fed has maintained a 2% annual inflation target since formally adopting it in 2012, using interest rate adjustments and other monetary policy tools to guide economic stability without causing excessive market volatility.

U.S. inflation has been declining from post-pandemic peaks but continues to exceed the 2% benchmark in several key measures. Recent data indicate a cooling labor market that could influence future Federal Open Market Committee rate decisions.

Kashkari has historically advocated for higher interest rates to combat rising prices, particularly during periods of economic uncertainty in the early 2020s when inflation surged above target levels.

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Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, expressed uncertainty today about how many additional rate cuts would be needed to reach a neutral policy stance.

Kashkari and other Fed officials now estimate the neutral rate could be around 3.1%, higher than pre-pandemic levels of 2-3%. The elevated estimate suggests fewer cuts might be necessary to reach the theoretical rate where monetary policy neither stimulates nor restrains economic growth.

The uncertainty about the neutral rate echoes debates from the 2010s when rates were held low for extended periods to aid recovery, contrasting with the Fed’s aggressive cuts to near-zero during the COVID-19 era in 2020.

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