🚨 "ETH IS GOING TO ZERO" – that's what everyone's saying.
But I'll prove them wrong.
I dug into the data and what I found was shocking.
🧵: When & why $ETH is heading to $10K (+ trigger altseason) 👇
Following the massive success of $BTC ETFs, all eyes are now on $ETH.
Despite criticism and negative opinions, ETH's case is more complex.
In this thread, I'd like to share why you might not be bullish enough on ETH 👇
A quick reminder of how things went with the $BTC ETF:
➢ BTC doubled before the ETF
➢ Dropped after approval due to selling pressure from Grayscale
➢ Then, pumped again as inflows > outflows
Yes, it wasn't an easy ride, but BTC has grown a lot since then.
Key Stats of BTC ETFs:
➢ $50B AUM accumulated
➢ $14.5B inflows since the launch
➢ $4.5B net inflows (excluding delta-neutral flows)
These impressive numbers showed genuine interest from institutions and set a positive trend for other coins.
Soon ETH will take the ETF baton
But, many people believe that this isn't a big event and expect inflows to be 15-20% of BTC.
Due to the 3x difference in MCap, even 15% flows will be a huge success for ETH at the initial stage, and here's why
Many ETF applications have now removed ETH staking from their filings.
As a result, institutions investing in ETH ETFs won't earn passive income from ETH staking.
This move aims to fast-track ETF launches and secure global approval.
However, it's likely that shortly after these ETFs launch, funds will reintroduce ETH staking in their future applications to attract more investors.
$ETH has earned many labels over time:
➢ "Ultrasound money" for its burn mechanism
➢ "Internet bond" due to its staking yields
➢ "Settlement layer asset" because of L2s
➢ "A better Bitcoin"
Now, ETH eco is the foundation of the current crypto market, trusted by millions.
#ETHETFsApproved #MiCA #ETH_ETFs_Approval_Predictions #BinanceTournament #VanEck_SOL_ETFS