Yesterday was the day of Eth ETF.
Not gonna lie, it went out so well! Some analysts even predict the biggest rally after it.
Let's look closer👇
During day 1:
🔸 Trading volume is over $1B
🔸 $106M in net flow
🔸 BlackRock ETF had the biggest inflow - $266.5M.
Right now, the total market cap sits on $256 million.
Comparing it with the first day of BTC ETF, Ether got:
🔸 22% of trading volume(Bitcoin had 4.5B volume)
🔸 17% of net flow
If you think that's bearish stats, let me show you something interesting.
Something, that is called REAL LIFE ETFs.
BlackRock launched a manufacturing ETF called MADE last week. It did $300k in volume in the first day.
In comparison, their ETH ETF, ETHA, did 100x of that sum in first 30 minutes
But I know that it's not that interesting for you. What you care more about? Are we going up or down?
There are 2 points of view on this:
1️⃣ Bitcoin story
The price of BTC dropped by 20% in the first week after ETF trading.
3 months later, it set a new ATH.
So the same may be with Ether: a huge drop at the beginning and a rapid growth
2️⃣ Only up!
Some analysts say Ethereum won't repeat Bitcoin.
First of all, that's because BTC is presented as a digital gold, while ETH is a platform for dApps.
So high chances rally may begin soon.
Be prepared for unexpected things!