QCP Capital: The market may be immune to the outflow of Ethereum ETFs.
According to Mars Finance news, QCP Capital released a research report stating that after Trump's speech, BTC had tested $70,000, but later fell below $67,000, as the US government transferred approximately $2 billion worth of BTC. Compared to BTC, ETH performed better, with ETH/BTC rising by 5%. Although spot ETFs have seen outflows for four consecutive days, the volatility premium of ETH has expanded from 4% last week to 8%. The market may be immune to capital outflows, and investors may shift from the more expensive ETHE to the cheaper ETF. In the coming week, the FOMC meeting, earnings reports from major tech companies, and unemployment data will be the focus.
