🚀 Ethereum ETF ignites market enthusiasm: attracting $2.2 billion in a week, Bitcoin is also steadily improving! 🌟📊

Hey, friends! 👋🤑 Today let's talk about the inflow of Ethereum ETF! CoinShares' latest report is really eye-catching. Ethereum spot ETF has attracted $2.2 billion in just one week after its launch. This momentum is simply amazing! 🚀

Although Grayscale's $1.5 billion ETHE has an outflow of $285 million after being converted into Ethereum's spot ETF, it is nothing compared to the weekly inflow of 2.2 billion! 😉 Moreover, this is only the performance of the Ethereum spot ETF in the first week. It seems that Ethereum's potential is also unfathomable!

Let's take a look at Bitcoin. Its performance is not to be outdone. It has attracted $3.6 billion in the past month, and the inflow of funds from the beginning of the year has reached an astonishing $19 billion, setting a new high. 📈

Analysts say the reason behind this may be speculation about the US election and the potential of Bitcoin to become a strategic reserve asset. Moreover, there are rumors that the Federal Reserve may cut interest rates in September, which may also be one of the reasons for the surge in investor confidence. 🏦

Meanwhile, the digital asset market is now booming, with total assets under management reaching $99.1 billion! Coupled with the expected listing of the Ethereum ETF, the trading volume in May alone hit a record high, and the total inflow so far in 2024 has reached $20.5 billion, which is exciting to hear! 📊

In contrast, on July 26, Grayscale's Ethereum Trust ETF had an outflow of more than $1.5 billion, with a single-day net outflow of $356 million. But at the same time, Grayscale's Ethereum Mini Trust ETH performed well that day, with a net inflow of $44.9 million on the same day. 📊

In short, whether the launch of the Ethereum ETF heralds new opportunities in the altcoin market, this question still needs time to verify. But I personally predict that Bitcoin's market share may reach a new high in the fourth quarter, when the altcoin market may open up and usher in significant growth!

So, do you think the Ethereum ETF will be a catalyst for the surge in the altcoin season? 🤔 🏆 Come to the comment section to share your views!

#以太坊ETF #资金流入 #比特币 #市场趋势 #加密货币讨论

Ethereum ETF is coming, is the market happy or worried?

Hello everyone! Today we will talk about the latest news about Ethereum ETF. 🚀

Yesterday, the price of Ethereum (ETH) soared before the spot ETF transaction, breaking through the $3,500 mark. Does it sound great? But don't be happy too soon, there are many concerns in the market. 🤔

First of all, everyone is watching Grayscale's $9 billion ETH trust. Some people are worried that if Grayscale starts selling, it may bring considerable pressure to the market, thereby offsetting the positive effect of new capital inflows. It's like you suddenly heard sirens at a rave party, which is always a bit unsettling.

Vivien Wong, partner of HashKey Capital's liquidity fund, also mentioned that market participants are very concerned about Grayscale's potential selling pressure. They are worried that this will depress market prices and affect Ethereum's short-term trend.

Moreover, the supply problem of Ethereum has also attracted everyone's attention. Wong pointed out that the supply of ETH has increased by about 60,000 ETH in the past month, which is contrary to the expected decrease. Although the ETH supply has decreased by about 300,000 ETH since the merger, if this inflation rate continues, it may offset this decrease within six months and turn ETH into an inflationary asset again.

However, there are always two sides to the story. Danny Chong, co-founder of Tranchess, believes that Ethereum has more practicality than Bitcoin, such as DeFi liquidity staking and other functions. He believes that as the investor base expands, the ETH ETF should be able to perform better and bring the required liquidity.

At the same time, market observers are also debating whether these ETFs can replicate the performance of the Bitcoin ETF. Since its launch in January, the Bitcoin ETF has attracted more than $17 billion in net inflows. JP Morgan, Citibank and Gemini institutions have different expectations for the expected inflows of funds for the ETH ETF, ranging from $3 billion, $5 billion, and $6 billion respectively.

Finally, do you think that in the long run, Ethereum's inflation problem will really affect its long-term value? At the same time, will Ethereum's practical mechanism and liquidity staking function bring it more market pressure or attraction?

👇💬 #以太坊ETF #市场动态 #加密货币讨论 #美国以太坊现货ETF开始交易

👀 Ethereum ETF is here, but everyone's enthusiasm seems to be not that high!

Hey, yesterday the Ethereum spot ETF was officially launched for trading. I believe everyone is very concerned about the market sentiment. Let's take a look at some media reports! 👀

Recently, two research companies, Wintermute and Kaiko, poured some cold water on us, saying that the demand for Ethereum ETFs may not be as hot as we thought. One of the reasons is that these ETFs cannot pledge their ETH, which feels like a little less sweetness. 🍰

Wintermute predicts that the Ethereum ETF is expected to receive only $4 billion from investors in the next year, which is less than everyone expected. Moreover, this figure is much less than the $17 billion raised by the Bitcoin ETF in the six months since its listing in the United States.

However, Wintermute is still optimistic that with these inflows, the price of Ethereum can also rise by 24% in the next 12 months. Sounds good, right?

We know that the moment these ETFs get the green light from regulators, it means that big institutional players like BlackRock and Fidelity can start issuing these funds. However, since US regulators have not agreed to allow Ethereum ETFs to pledge ETH, Wintermute believes that this may be one of the reasons why ETH ETFs may not be so attractive.

At the same time, analysis company Kaiko also thinks so. They feel that the demand for the futures-based ETH ETF launched in the United States at the end of last year was just so-so. Now everyone is eyeing the launch of spot ETFs, hoping that it will bring a large wave of capital inflows.

However, Kaiko's data shows that the implied volatility of Ethereum has risen sharply over the weekend, and traders are willing to pay more to hedge risks. This may mean that everyone has no confidence in the launch of ETH ETFs!

So the question is, do you think the demand for Ethereum ETFs will really be sluggish? Without the sweetness of staking, will everyone still buy it? Or do you think there are other attractions for Ethereum ETFs?

Come and chat in the comment section, welcome to share your thoughts in the comment section! 👇💬 #以太坊ETF #市场预测 #加密货币讨论 #美国以太坊现货ETF开始交易