#sanor016CommUNITY
[In response to the approval of a suite of BTC_ ETFs]:
• In response to the approval of a suite of Bitcoin ETFs, Ether and Altcoins have rallied strongly last week. ETH managed to outperform BTC for the first time since October 2022.
• ETH also has seen increased activity in derivatives market, signalling a possible shift in capital flows. Bitcoin remains dominant in open interest and trade volumes, however ETH has regained some ground since the ETF approvals.
• We also assess the relative performance of Solana, scaling tokens, and various sector indexes relative to BTC and ETH as a gauge for risk appetite in a post-ETF world.
—Taking from, (glassnodeinsights) website!
