Why Ethereum ETF day one inflow won't be like Bitcoin?
Spot Ether (ETH) exchange-traded funds are expected to have lower initial inflows compared to spot Bitcoin ETFs, according to Stephen Richardson, managing director of financial markets at Fireblocks.
Bitcoin ETFs saw substantial inflows on their first day, with Bitwise’s BITB product leading at $237.9 million, followed by Fidelity’s FBTC ($227 million) and BlackRock’s IBIT ($111.7 million).
Richardson attributes this disparity to the challenges in valuing Ethereum’s technology-driven use cases, which lack the clear metrics and consensus that Bitcoin’s store of value use case has.
Consequently, Ether ETFs are unlikely to match the Bitcoin ETFs' day-one inflows of $655.2 million. #BTC $BTC
$NOT has recently gained significant attention in the crypto market, with its price currently around $0.016 after a notable rise from recent lows. The token has experienced substantial volatility, influenced by factors such as its Telegram-based game and listings on major exchanges like Binance. The community remains optimistic, with some analysts predicting that $NOT could reach $0.2 if it surpasses key resistance levels.
The introduction of Earning Missions has further boosted the token's popularity, though resistance around $0.1 could prompt a short-term correction. Key support levels to monitor are $0.004800 and $0.005100, which might present buying opportunities.
Despite the volatility, the active community and real-time use case as a reward asset for the Telegram game enhance its appeal. However, as with any cryptocurrency, it carries inherent risks. Always conduct thorough research and invest prudently.
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💥🇨🇳CHINESE WOMAN JAILED AFTER 3 BILLION BITCOIN SEIZURE 🤯
Jian Wen, 42, was sentenced to 6 years and 8 months in prison for her involvement in a £5bn investment scam in China. She acted as a "front person" to disguise money, some of which was used to buy cryptocurrency. 23,308 Bitcoin, worth over £1bn, linked to the probe remains in circulation.