-BlackRock’s IBIT shows strong investor confidence with significant inflows.
-Low trading volumes indicate cautious market sentiment and wait-and-see approach.
– Spot Ethereum ETFs continue to struggle with legal uncertainties and low network usage.
– Regulatory actions, such as SEC’s stance on Solana, significantly impact ETF developments.
Following these developments, Bitcoin’s price rose by 4.22% to $60,935, while Ethereum’s price increased by 1.68% to $2,672. Fan commented that Bitcoin remains stuck around $60,000 due to fears of supply sales and macroeconomic recovery expectations, while Ethereum continues to face fundamental challenges, including low network usage and increased interest in Layer-2 solutions.
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