Latest EthereumPoW (ETHW) News Update

Deep Dive

1. Bitwise’s ETHW ETF Sees $24.79M Inflow (7 August 2025)

Overview:
ETHW gained exposure through Bitwise’s spot Ethereum ETF (ETHW), which attracted $24.79 million in inflows amid a $222.34 million surge across Ethereum ETFs. This coincided with Bitcoin ETFs drawing $280 million, signaling renewed institutional interest in crypto ETFs despite stagnant Hong Kong ETF activity.

What this means:
The inflow reflects ETHW’s niche role in Ethereum’s ETF ecosystem, though its impact is muted compared to giants like BlackRock’s ETHA ($103.52M inflow). While bullish for visibility, ETHW remains a minor player, comprising just 11% of Bitwise’s Ethereum ETF inflows that day. (CoinMarketCap)

2. $40.3M ETHW ETF Outflow Sparks Concerns (1 August 2025)

Overview:
Bitwise’s ETHW ETF faced a $40.3 million outflow – the third-largest single-day redemption since launch – amid broader Ethereum ETF outflows totaling $152 million. Grayscale’s mini ETH ($47.68M outflow) and ETHE ($37.2M) led the sell-off.

What this means:
The outflow suggests profit-taking or risk aversion after ETHW’s 9.28% 90-day gain (vs ETH’s -16.71%). While concerning short-term, such volatility is typical for smaller ETFs; ETHW’s $507M total ETF assets (as of July 2025) remain intact. (CoinMarketCap)

3. ETF Speculation Fuels ETHW Interest (9 June 2025)

Overview:
Analysts flagged ETHW as a potential ETF candidate due to its stable post-Merge PoW usage and 4.91% volume-to-market-cap ratio. This followed BlackRock’s ETHA ETF dominance, sparking speculation about niche Ethereum variants gaining traction.

What this means:
While speculative, the attention highlights ETHW’s unique value proposition as Ethereum’s PoW fork. ETF inclusion could boost liquidity, though its $1.41 price (-36.72% YoY) and unlimited supply pose adoption hurdles. (CryptoNewsLand)

Conclusion

ETHW oscillates between ETF-driven optimism and redemption pressures, with its PoW narrative keeping it relevant. While institutional flows dominate headlines, its 17.99% 60-day drop underscores volatility risks. Will Ethereum’s evolving ETF landscape carve a sustainable niche for ETHW, or will it remain a speculative satellite asset?

Deep Dive

1. No Confirmed Roadmap Items (2025)

ETHW has not released new technical or ecosystem goals since its 2022 launch as a PoW fork of Ethereum. The project’s GitHub and official channels show minimal development activity post-Merge, with no major protocol upgrades, partnerships, or governance proposals disclosed.

What this means: This is neutral for ETHW, as the absence of innovation risks stagnation but preserves its original PoW utility. Investors may prioritize tokens with clearer development pipelines.

2. ETF Speculation (Ongoing)

Bitwise’s ETHW ETF has attracted $434M in assets (CoinMarketCap), with analysts citing ETHW’s niche as a PoW Ethereum variant. However, approval of new ETHW-linked ETFs remains speculative, dependent on regulatory shifts and market demand for alternative Ethereum exposures.

What this means: This is bullish for ETHW if ETF inflows grow, but bearish if interest fades, given its -26% 30-day price decline.

3. Exchange Delistings (July 2025)

Bitfinex delisted ETHW on July 16, 2025, citing “market trends,” reducing its tradable venues. ETHW’s 24h volume ($14.7M) and turnover (9.9%) suggest thin liquidity, amplifying volatility risks.

What this means: This is bearish for ETHW, as reduced exchange support complicates price discovery and institutional adoption.

Conclusion

ETHW’s value hinges on its PoW legacy and ETF narratives, not active development. Watch for ETF flow trends and exchange liquidity metrics. Could speculative demand offset its technical stagnation?

Deep Dive

1. @Assemble_io: ETHW ETF Gains Traction bullish

"Bitwise’s ETHW ETF recorded $24.79M inflow on Aug 7 – fourth-largest among Ethereum ETFs"
– @Assemble_io (12.4K followers · 1.2M impressions · 2025-08-07 19:42 UTC)
View original post
What this means: Bullish for ETHW as ETF inflows suggest institutional interest in alternative Ethereum chains. Bitwise’s product now holds $287M+ in ETHW-backed assets.

2. @Bitfinex: Exchange Exit Shakes Confidence bearish

Delisted ETHW on 2025-07-16 due to "market trends," halting deposits/trading but allowing withdrawals until September
– @Bitfinex (489K followers · 18M impressions · 2025-07-09 06:00 UTC)
View announcement
What this means: Bearish short-term as reduced exchange access may limit retail liquidity. Turnover ratio already sits at 9.75% (low for altcoins).

3. CoinMarketCap Community: Technical Overextension mixed

"ETHW RSI hit 75.78 on 15m chart July 28 – third most overbought crypto"
– CMC Trader (3.2K followers · 45K impressions · 2025-07-28 04:10 UTC)
View chart
What this means: Neutral – while overbought signals preceded the current -25% monthly drop, recurring RSI spikes suggest active swing trading.

4. Cryptonewsland: Fork Value Proposition mixed

"ETHW’s 4.91% volume/MC ratio and PoW persistence make it dark horse ETF candidate"
– Analyst Team (2025-06-09 00:15 UTC)
Read analysis
What this means: Mixed – recognition of niche appeal vs. no max supply (107.8M circulating) creating inflationary risks if demand falters.

Conclusion

The consensus on ETHW is mixed, torn between ETF-driven institutional interest and existential questions about its post-Merge relevance. While $222M flowed into Ethereum ETFs last week (with ETHW capturing 11%), the token faces strong headwinds from exchange exits and a -35% yearly price drop. Watch the ETHW/BTC pair – if it holds 0.000032 despite market turbulence, it could signal accumulating interest in Ethereum alternatives.

Deep Dive

1. EIP-155 Enforcement (22 August 2022)

Overview:
ETHW enforced EIP-155 to mandate Chain ID signatures for all transactions, preventing replay attacks across Ethereum forks.

This update ensured transactions on ETHW couldn’t be replicated on Ethereum’s PoS chain or other forks, addressing a critical security risk post-Merge. The change retrofitted Ethereum’s codebase to prioritize user safety, resolving a longstanding vulnerability.

What this means:
This is neutral for ETHW because it resolved a foundational security concern but didn’t introduce new functionality. Users gained protection against cross-chain transaction replication, reducing risks for NFT traders and DeFi participants.

(Source)

2. Contract Freeze Development (22 August 2022)

Overview:
ETHW Core tested a “contract freezing” feature to pause specific smart contracts, though it was never added to the main codebase.

The feature aimed to let developers freeze malicious or buggy contracts in emergencies. It remained in a separate branch after community debates about centralization risks, reflecting ETHW’s PoW ethos of minimal intervention.

What this means:
This is bearish for ETHW because the shelved feature highlights governance challenges. The lack of consensus on emergency tools may deter developers seeking chain flexibility, though it aligns with decentralization principles.

(Source)

Conclusion

ETHW’s last confirmed code changes occurred in 2022, focusing on security and contested governance tools. With no recent updates, its development momentum appears stagnant. How might ETHW’s proof-of-work focus adapt to evolving Layer 1 competition?