Ethereum Surges Above $2200 Temporarily

On March 5th, according to data from Farside Investors, yesterday Fidelity FBTC witnessed a net outflow of $46.1 million, and BTCO saw a net outflow of $16.5 million. Additionally, Fidelity ETH saw a net inflow of $21.7 million.

On March 5th, based on the data from Farside Investors, Franklin's EZBC experienced a net outflow of $31.7 million the previous day.

On March 5th, according to Protos, the hearing regarding Terra founder Do Kwon has been postponed by one month. This is because the U.S. government submitted a considerable amount of new evidence that requires review. The case status conference, which was originally scheduled for March 10th, has been postponed by the New York District Court to April 10th. The court granted the U.S. government's written request in order to "provide the defense with sufficient time to review the substantial evidence." Although the hearing has been postponed, the final trial is still scheduled to take place on January 26, 2026. Previously reported, the deadline for Terra stablecoin collapse victims to file loss claims is April 30th.

March 5th. Based on the data from Farside Investors, as of the moment of writing, the net flows of US Bitcoin spot ETFs yesterday were as follows: BITB had a net outflow of $24 million, ARKB had a net outflow of $43.9 million, and Grayscale BTC had a net inflow of $35.8 million. Yesterday, for US Ethereum spot ETFs: Grayscale ETHE had a net inflow of $10.7 million, and Grayscale ETH had a net inflow of $8.5 million.

On March 5th, based on HTX market data, Bitcoin dropped below $87,000 and is currently trading at $86,880, with a 24-hour change of 0.13%.

March 5th. U.S. Bank indicated that there is an emerging positive sentiment regarding the prospect of a tariff compromise. Nevertheless, caution still remains. Kenn Brendan McKenna, a strategist at U.S. Bank in New York, said, "I have come to understand that for any comments that are not directly from Trump, one should not immediately act on or believe them. Thus far, I will continue to be cautious and tend to seek safe havens. However, if tariffs are reduced and an agreement is reached, the Canadian dollar, Mexican peso, and the entire FX market should experience some relief rallies." Previously, the U.S. Commerce Secretary stated that he believes Trump will make compromises on tariffs with Canada and Mexico or announce exemptions tomorrow. (FX678)