As we approach a major milestone in crypto investment, the anticipated launch of Ethereum ETFs marks a significant event for both seasoned investors and newcomers to the blockchain space. Galaxy Research's latest report indicates that the approval of Ethereum spot ETFs could trigger substantial market shifts. The introduction of Ethereum ETFs not only expands access to crypto assets for a broader range of investors but also highlights the maturing infrastructure of the crypto market. For a detailed analysis of our findings and to understand the potential impacts on the financial markets, read our full report here: https://lnkd.in/exrCeGcf
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📈 Ethereum Spot ETFs See Strong Inflows Despite Grayscale Outflows On Tuesday, U.S. Ethereum Spot ETFs continued to attract investor attention with $24.3 million in net inflows, showcasing ongoing confidence in the market. However, Grayscale’s ETHE experienced $31 million in outflows, highlighting a shift in investor sentiment. Meanwhile, Bitcoin ETFs had a standout day, with $38.9 million flowing in, led by BlackRock’s IBIT. It’s clear that while Ethereum ETFs are gaining traction, Bitcoin ETFs are still leading the pack. 🔍 Key Takeaway: The crypto ETF landscape is evolving rapidly. Stay tuned to see how these trends impact the broader market! https://lnkd.in/gJpzbxXd #Crypto #Ethereum #Bitcoin #ETFs #Investing #Blockchain
Spot Ethereum ETFs Gain $24M, Grayscale’s ETHE Sees Negative Flows
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The approval of the BTC ETFs appears to be imminent. However, how will the market react to this likely approval? Here's a predication. #crypto #bitcoin #spotEtf #BTCSpotETF #BitcoinspotETF #altcoinbuzz #bullrun https://lnkd.in/gAixSHK5
Possible Market Reactions to the Approval of Bitcoin ETFs - Altcoin Buzz
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📉 ETH Price Drops Despite $33M Inflows 🌐 Ethereum's price has fallen even with $33M flowing into spot ETFs. What’s going on? https://lnkd.in/d7GTFYzV #Ethereum #ETH #Cryptocurrency #CryptoMarket #CryptoNews #ETHPrice
ETH Price Drops As Spot Ethereum ETFs Record $33M in Inflows
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With the launch of the spot Bitcoin ETF last Thursday, there was nearly $1.2B of inflows from institutions, easily the highest weekly volume this year and the second most all-time, trailing only the $1.5B seen after the launch of futures-based Bitcoin ETFs back in October 2021. To no surprise the majority of this activity was focused on Bitcoin ($1.14B) and was heavily concentrated within the United States ($1.24B). Yet Ethereum had a relatively modest level of activity during this time, with just $26M of volume. This may begin to shift, however, as users begin to position for the prospect of a spot Ethereum ETF as well as other events including the upcoming Dencun upgrade to Ethereum, the first major upgrade to the network since Shapella in April 2023. Solana also experienced low volumes ($0.5M), but is poised for increased demand too, as stronger protocols continue to build on the network and as we get closer to Firedancer mainnet, a high-performance validator client which will significantly improve the network's efficiency and transaction processing capabilities. h/t CoinShares
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Bitcoin ETFs Achieve Record $1 Billion in Daily Inflows The United States-based spot Bitcoin (BTC) exchange-traded funds (ETFs) accomplished a remarkable feat by attracting over $1 billion in net inflows for the first time, establishing a new daily record. On March 12, the largest-ever daily inflow for Bitcoin ETFs was witnessed, totaling $1.045 billion. This surge was primarily fueled by BlackRock's iShares Bitcoin ETF (IBIT), contributing $849 million to the overall inflow. Other ETFs, such as ARK 21Shares Bitcoin ETF (ARK), VanEck Bitcoin Trust ETF (HOLD), and Fidelity Advantage Bitcoin ETF (FBTC), made comparatively lower contributions of $93 million, $82.9 million, and $51.6 million, respectively, alongside Grayscale's outflows of $79 million. As of today, BlackRock holds 215,637 BTC, ranking second only to Grayscale, which holds 387,763 BTC, which marks a significant decrease from the 619,360 BTC held before the Grayscale's ETF went live on January 11, 2024. #bitcoin #etfs #btc #bitcoinetf image source: stormgain
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Bitcoin’s recent price drop is not attributed to the introduction of Bitcoin ETFs. Despite hitting a multi-year high of $49,000 on January 11, the subsequent decline of over 18% has raised questions about the impact of the U.S.-based #Bitcoin spot #ETF launches on the market. https://lnkd.in/ed6zFjUA
Bitcoin ETF Success Amidst Market Turmoil
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The #cryptocurrency market continues to experience high levels of volatility, but Bitcoin is showing resilience. According to Michael Silberberg, Head of Investor Relations, Alt Tab Capital, while the recent #ETF outflows worth nearly 1 billion dollars have caused a retracement in the market, the price volatility of #Bitcoin is still within normal ranges. Although the initial record-breaking inflows into ETFs may begin to slow, it's worth noting that these ETFs have just been launched. Therefore, it will take some time for RIAs, marketers, and wealth managers to be allocated to the space. We see this as just the beginning of a long path of growth for this asset class. Full story here: https://lnkd.in/dPfznzCA
Bitcoin price struggles below $71k, but Morgan Stanley may add ETF support within weeks
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Yesterday, there was a decrease in investor interest in newly launched spot Bitcoin #ETFs, resulting in a net outflow of $80 million. #CryptoCommunity #Crypto #Nextincrypto #Bitcoin #Ethereum #Cryptonews #Blockchain #nft #Altcoin #DeFi #CryptoArt < https://lnkd.in/d5F4_2Wx
Spot Bitcoin ETFs shed $80m amid Thursday selloff
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ETF Flows Show Ethereum Resilience: On Aug. 5, 2024, #Ethereum ETFs saw $49mn in inflows despite a #marketselloff, with six out of nine issuers reporting gains while Grayscale's ETHE saw reduced outflows of $47mn. This contrasts with Bitcoin ETFs' $168mn in outflows led by #Grayscale's GBTC, #ARK's ARKB, and #Fidelity's FBTC. Additional net inflows into Ethereum ETFs totaled $98mn on Aug. 6, compared to $149mn in #Bitcoin ETF outflows. These ETF inflows highlight Ethereum's resilience amidst market turbulence. Ethereum ETFs Net Inflows Indicate Resilience During Market Turmoil:
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"Glassnode Forecasts $70 Billion Capital Inflow with Bitcoin ETF Approval" According to Glassnode, a leading blockchain analytics firm, the approval of the Bitcoin ETF is expected to attract a significant amount of capital. Their recent report suggests that roughly $70 billion in new investment could flow into Bitcoin after the ETF is approved, potentially pushing its price higher. Glassnode's analysis assumes that a significant portion of funds invested in traditional markets such as stocks, bonds, and gold may be diverted to Bitcoin. They emphasize that this influx of capital has the potential to significantly impact the Bitcoin market and push its price to higher levels. The estimated share of projected inflows is approximately $60.6 billion from a mix of stocks and bond ETFs and approximately $9.9 billion from the gold market. #Glassnode #BitcoinETF #capitalinflow #investments #Bitcoinmarket #priceincrease #traditionalmarkets #stocks #bonds #gold
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