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EricBalchunas
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Bloomberg analyst #EricBalchunas noted that the #SEC did not comment on the #Ethereum spot #ETF application, unlike the case of #Bitcoin . The weaker correlation between Ethereum spot and future ETFs suggests a less favorable outlook. #HotTrends
Bloomberg analyst #EricBalchunas noted that the #SEC did not comment on the #Ethereum spot #ETF application, unlike the case of #Bitcoin .
The weaker correlation between Ethereum spot and future ETFs suggests a less favorable outlook.

#HotTrends
#EricBalchunas Sent from one of the issuers, ChinaAMC.. others to report in next few hours we hope Share with your friends
#EricBalchunas
Sent from one of the issuers, ChinaAMC.. others to report in next few hours we hope

Share with your friends
📉 $ETH #EricBalchunas : Ethereum #ETF's Went Backward in First Month.. flows -$476m as the newbies couldn't cope with the Grayscale ETF (#ETHE ) outflow, too powerful a force (this is why I reiterated how heroic the New Nine bitcoin ones were). But there is light at the end of the tunnel, and capital outflows from ETHE will decrease in the future. {future}(ETHUSDT)
📉 $ETH #EricBalchunas : Ethereum #ETF's Went Backward in First Month.. flows -$476m as the newbies couldn't cope with the Grayscale ETF (#ETHE ) outflow, too powerful a force (this is why I reiterated how heroic the New Nine bitcoin ones were).

But there is light at the end of the tunnel, and capital outflows from ETHE will decrease in the future.
BTC ETF vs. Gold ETF 🧐 #EricBalchunas compared the inflow into #BTCETFS with Gold ETFs, highlighting that these assets are often used for diversification. In just 9 months, #BTC☀ ETFs have attracted $17.7 billion, representing 5% of BTC's market capitalization. In comparison, Gold ETFs account for only 1% of gold's #marketcap . 👀 Gold took 22 years to reach this level, while $BTC achieved it in just 9 months. 🚀 But let's be real—gold has a much bigger market cap. For now 😉. #DODOEmpowersMemeIssuance {spot}(BTCUSDT)
BTC ETF vs. Gold ETF 🧐

#EricBalchunas compared the inflow into #BTCETFS with Gold ETFs, highlighting that these assets are often used for diversification.

In just 9 months, #BTC☀ ETFs have attracted $17.7 billion, representing 5% of BTC's market capitalization.

In comparison, Gold ETFs account for only 1% of gold's #marketcap . 👀

Gold took 22 years to reach this level, while $BTC achieved it in just 9 months. 🚀

But let's be real—gold has a much bigger market cap. For now 😉.
#DODOEmpowersMemeIssuance
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