BITPRISMIA
The market sentiment index score hasn’t been in the “Neutral” zone since Oct. 14, when Bitcoin was trading around $63,000.
The $254 million inflow day was the third-largest ever on days when BlackRock’s IBIT failed to contribute.
BlackRock, ARK 21Shares and Fidelity’s Bitcoin products led the way with $499 million, $289.5 million and $206.1 million in inflows, respectively.
Ethereum will become an attractive investment to institutions, but needs better marketing and given time to develop, says Attestant adviser Tim Lowe.
Ether ETFs are on track to reach $500 million in net outflows, but according to market analysts, the ETH bottom may be in.
The Grayscale Ethereum Trust has posted its first day of zero outflows since its conversion to a spot ETF amid a surge of network activity on Ethereum and its layer-2 networks.
The Bitcoin ETF from iShares saw a rough entry into the week with the asset down by 14% yet, according to market analysis — no one budged.
The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust.
The new Ether ETFs could also increase institutional investor participation, according to a Nansen analyst.
ETF analyst Nate Geraci says there’s no “good reason” for spot Ethereum ETFs not to launch this week.