4E: ETH hits a new all-time high, ETF capital outflows and treasury expansion occur simultaneously

ChainCatcher news reports that according to 4E observations, ETH briefly broke through $4900 early this morning, reaching a high of $4956, setting a new historical record, and then fell back to $4781.

On the policy front, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, stated that Hong Kong's stablecoin is positioned as a delivery tool, representing another form of fiat currency, with no speculative opportunities. The "Stablecoin Ordinance" will take effect this month, and it is expected to reduce cross-border payment costs from 3% to 1%.

In terms of capital flow, last week, Bitcoin spot ETFs recorded a net outflow of $1.175 billion, marking the second-largest weekly outflow in history. BlackRock, Fidelity, and ARK Invest ETFs have faced capital withdrawals for several consecutive weeks, with cumulative outflows nearing or exceeding $1 billion. Ethereum enterprise treasury continues to expand. Nasdaq-listed company ETHZilla revised its securities sale agreement, planning to raise up to $10 billion to continue purchasing ETH. Meanwhile, Ondo Finance announced the launch of a tokenized stock platform on September 3, initially offering over 100 U.S. stocks on-chain.

NFT and Web3 consumption scenarios are also active. Pudgy Penguins CEO Luca Netz stated that the company plans to go public by 2027, expecting to achieve $50 million in revenue this year, and is considering enhancing investor accessibility through tokenized stocks.

4E reminds investors: While ETH reaches new highs, ETF capital outflows coexist with institutional expansion, and the market still faces volatility challenges. It is advised to rationally allocate positions and be cautious of short-term corrections and macro variables.