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JUST IN: 🇺🇸 $1.5T fund manager Franklin Templeton believes Bitcoin layer 2s can "unlock new use cases and opportunities for Bitcoin". 🤝 #Bitcoin #BitEagleNews
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Uncertain if this trend continues but the first 15 minutes of the ETH ETF volume is massively promising. Most said it wouldn't be anything near BTC ETF popularity. But it already matched 50% of BTC ETF initial volume BUT Ethereum is only 30% the size of Bitcoin's market cap. Basically this means in regards to market size, Ethereum launch volume has OUTPERFORMED even Bitcoin's volume. If the future volume has more inflows than outflows (like Bitcoin has), we don't need the same amount of volume to have the same pump effect. Lower size of ethereum = lower inflows needed to pump Next few weeks will tell a lot but the ETH ETF volume is currently very promising. #etf #ETH #BitEagleNews
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Here's volume after first 15 minutes of trading. Total of $112m traded for the group (which is A TON vs a normal ETF launch but only about half of what bitcoin ETFs' volume pace was on DAY ONE, altho 50% would exceed expectations IMO). Also Bitwise outperforming early. ~Eric Balchunas #etf #BitEagleNews $ETH
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Here are My Honest Thoughts and What to Expect From ETH ETF
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JUST IN: Spot Ethereum ETF trading officially live.
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