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On October 4, according to monitoring data from Farside, the cumulative net inflow of US Ethereum spot ETFs this week reached $1.2959 billions, with all five trading days recording net capital inflows.

ChainCatcher news, Pine Analytics has released an analysis of the fundraising and mechanism of the smart trading protocol Flying Tulip, stating that Flying Tulip intends to raise 1 billion dollars, with each dollar corresponding to 10 FT (initial price 0.1 dollar). If the fundraising goal is not met, FT will be issued proportionally less. The fundraising assets include USDC, USDT, USDS, USDe, ETH, SOL, AVAX, and S. Original subscribers will receive transferable NFTs that wrap FT and come with a redeemable PUT: FT kept inside the NFT can be redeemed for an equivalent amount of the invested asset, while withdrawing FT means forfeiting the PUT. The expected annualized return on fundraising assets is about 44.27 million dollars, with priority given to repurchasing and burning FT, and covering approximately 500,000 dollars in OpEx. The team and foundation will not pre-allocate any shares, and will later receive FT repurchased from protocol revenue in a 40:20:20:20 ratio. Related reading: AC's new project Flying Tulip: Aiming to use DeFi treasury yields to "nurture" a trading giant.