There is a new development in the blockchain industry! According to Farside Investors, the cumulative net inflow of the US Bitcoin spot ETF since its launch has reached a staggering $14.654 billion, of which BlackRock IBIT, Fidelity FBTC, and Grayscale GBTC contributed net inflows of $17.725 billion, $9.231 billion, and -$18.515 billion, respectively. 😮
Matthew Sigel, head of digital asset research at VanEck, said in a recent investor report that the current market cooling phase may be a precursor to the next surge. He predicts that if the current cycle follows previous trends, the market top may occur between the second and fourth quarters of 2025, with record highs after each halving.
At the same time, Matt Hougan, chief investment officer of Bitwise, believes that the market will rise further after the final launch of the US Ethereum spot ETF, and the Ethereum ETF may have a net flow of $15 billion by the end of 2025.
Against this backdrop, what do you think about the future of Bitcoin and Ethereum? Welcome to share your views in the comment section, and let us explore the future direction of the blockchain industry together. 🚀
In addition, Ethereum co-founder Vitalik Buterin said that prediction markets and community notes are becoming two major social cognitive technologies in the 2020s. He looks forward to seeing more similar innovative developments. What do you think of this new type of social cognitive technology? Welcome to leave a message in the comment area to share your thoughts.
Finally, we have also seen some new investment trends. For example, Solana's on-chain re-staking project Solayer completed Builders Round financing, and the specific amount was not disclosed. And Yu Hu, founder of Web3 AI search platform Kaito AI, said that Kaito will be profitable in June 2024 and plans to launch new crypto-native applications in the future.
The above is today's blockchain industry news flash, I hope it will be helpful to you. If you have any thoughts or opinions on the above news, please leave a message in the comment area and let us discuss it together.