Ethereum News Today: Ethereum ETFs See $12.1 Billion Inflows as OKB Burns Fuel 100% Price Surge

Ethereum spot ETFs recorded record inflows, with a single day of net inflows reaching $12.1 billion, signaling a surge in institutional demand [1]. This momentum, driven by the Pectra upgrade, which improved Ethereum’s scalability, has reinforced the cryptocurrency’s positioning as a core financial asset. Earlier in the week, Ethereum ETFs also saw $1.01 billion in daily net inflows, marking a significant shift in capital toward Ethereum-based products [2].

At the same time, OKX, a major cryptocurrency exchange, announced the destruction of 279 million OKB tokens, permanently reducing the token’s circulating supply [3]. This burn marked the 29th and final burn event for OKB, bringing the total supply down to 21 million tokens, a level of scarcity comparable to Bitcoin. Following the burn, OKB’s price surged over 100%, rising from $28 to $110 over a two-year period. OKX has also implemented a smart contract-based mechanism that automatically burns any tokens sent to a black hole address, ensuring supply will not increase in the future [3].

The impact of these two events has been substantial. Ethereum’s price rose nearly 20%, bringing it close to its all-time high of $4,646, while OKB’s market value jumped sharply. These moves indicate a broader capital rotation into altcoins, particularly those with strong fundamentals and strategic supply management. The Ethereum Foundation, along with exchanges like OKX and KuCoin, has played a central role in these developments [3].

The token burn strategy used by OKX reflects patterns seen in earlier years when exchanges like Binance and FTX engaged in large-scale token destruction to drive scarcity and prices. In 2021, Binance executed a $595 million BNB burn, significantly reducing its circulating supply and boosting the token’s price. OKB’s approach has been more aggressive, with direct secondary market purchases and burns reducing its supply by nearly 30 million tokens in 2021 [3].

In 2025, OKX’s token burn strategy has evolved to include broader ecosystem and compliance considerations. The exchange has secured key regulatory approvals in Singapore and Dubai and is investing heavily in Web3 infrastructure, including the X Layer upgrade, a zero-knowledge Ethereum Layer 2 network aimed at improving throughput and reducing gas costs [3]. OKX’s wallet now supports over 130 blockchains and processes more than $1 billion in daily transactions.

The recent surge in Ethereum ETF inflows and OKB burns has catalyzed a broader market upswing. Ethereum leads the performance of major cryptocurrencies, with Web3 analytics reporting the highest daily inflows ever recorded for Ethereum ETFs [4]. OKB’s price breakout has drawn particular attention in a relatively subdued market. Other platform coins, such as BNB and BGB, have followed similar trajectories driven by strategic token burns, ecosystem expansion, and regulatory progress [3].

BNB has tripled in value since early 2023, driven by Binance Alpha and the dominance of BNB Chain in decentralized exchange (DEX) volume. The token has transitioned from a simple platform coin to a core asset within a broader ecosystem, with growing institutional interest in its utility as a reserve asset [3].

BGB, the token of Bitget, has also seen a 25-fold increase in value over two years, supported by frequent token burns and the integration of on-chain use cases through Launchpad and Staking Mining initiatives. These strategies have enabled BGB to maintain high market beta while securing steady growth [3].

The recent Ethereum ETF inflow and OKB burn highlight a broader shift in the role of platform tokens. They are increasingly being viewed not just as governance or utility instruments but as essential components of institutional and on-chain ecosystems. As exchanges and investors continue to align with regulatory standards and prioritize long-term value creation, these developments are likely to shape the next phase of market evolution [3].

Source:

[1] https://yellow.com/research/crypto-market-pulse-cardano-breaks-out-okb-soars-130-btc-holds-dollar118k-support

[2] https://www.facebook.com/photo.php?fbid=745693768343834&set=a.130****63246274&type=3

[3] https://www.panewslab.com/en/articles/11a16f1b-a3c1-4580-a0d8-e13fe796bc2d

[4] https://identosphere.net/web3/