According to TechFlow, Michaël van de Poppe, a well-known cryptocurrency analyst, said on social media that Ethereum (ETH) and Bitcoin (BTC) ETFs have seen a large influx of funds recently.

He expects the trend to continue, viewing the two "blue chip" cryptocurrencies as the best bets against a potential failure of the U.S. dollar. Van de Poppe also noted that China is driving the market forward, predicting that Asia could be a key force driving the next bull run.