Welcome to This Week in Crypto, where we break down the biggest headlines shaping the digital asset space. From ETF updates to new tech partnerships, here’s what’s been making waves this week:

Here’s a quick look at what’s new:

  • Crypto inflows hit $3.75B: Investment products tied to cryptocurrencies saw billions in inflows last week, with Ether ETFs leading the way and setting new trading volume records.
  • Solana ETF decision delayed: The SEC has pushed its review of several Solana ETF proposals to October, as investor interest continues to grow in Solana-focused products.
  • Google supports crypto infrastructure: Bitcoin miner TeraWulf has partnered with Google in a major $1.8B project to expand its high-performance computing operations.

Let’s take a closer look at what it all means for the crypto space this week!

Ether ETFs Report Highest Weekly Volume as Crypto ETP Inflows Reach $3.75B

Last week saw continued growth in crypto exchange-traded product (ETP) activity, with Ether-focused funds drawing the most attention. According to CoinShares, global crypto ETPs brought in $3.75 billion during the week ending Friday. While Bitcoin reached a new price high, Ether led the way in total inflows.

  • Ether ETPs saw $2.9 billion in inflows, the most of any crypto product for the week.
  • Bitcoin ETPs followed with $552 million, while Solana and XRP funds recorded $176.5 million and $125.9 million.
  • Bloomberg reports Bitcoin and Ether ETFs saw a combined $40 billion in trading volume across four days.

Data from SoSoValue showed Ether ETFs posted an eight-day inflow streak totaling $3.7 billion, while Bitcoin funds recorded $1.3 billion across seven days. These figures reflect recent market activity and do not indicate future trends or performance.

SEC Delays Solana ETF Decision Until October

The U.S. Securities and Exchange Commission (SEC) has extended its review of several proposed spot Solana ETFs. This includes applications from Bitwise, 21Shares, and Canary Capital. The review will now continue through mid-October as the agency uses the full time allowed to evaluate the proposals.

  • The SEC cited the need for a more thorough review of the rule changes tied to these ETF applications.
  • Bloomberg analyst James Seyffart noted that no further delays are expected based on current procedure.
  • Interest in Solana-based products has grown, including strong trading activity in the REX Shares Solana Staking ETF (SSK).

Solana-related ETFs have seen increased activity, while broader market conditions continue to vary.

Google Supports Bitcoin Miner TeraWulf in Major Data Center Expansion

Google is backing an agreement that could help expand TeraWulf’s digital infrastructure. The support is tied to two long-term contracts between TeraWulf and Fluidstack, a high-performance computing provider. The plan will bring large-scale computing power to TeraWulf’s New York data center.

  • Google has agreed to help secure lease financing worth $1.8 billion, according to statements from TeraWulf.
  • As part of the deal, Google received a warrant to buy 41 million shares of TeraWulf stock, which could represent about 8% of the company.
  • TeraWulf’s contracts with Fluidstack could deliver more than 200 megawatts of computing capacity and up to $8.7 billion in total revenue over time.

Initial capacity is expected to come online by early 2026, with full buildout projected by the end of that year.

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