🇺🇸 Urgent: Strong inflows for #Bitcoin ETF and stability in #Ethereum funds! 📈
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📢 What's new?
– Bitcoin ($BTC) exchange-traded funds (ETFs) recorded significant inflows on July 2.
– In contrast, Ethereum ($ETH) exchange-traded funds (ETFs) experienced slight outflows on the same day.
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💡 Why is this important?
– Indicates sustained strong demand for Bitcoin from institutional investors.
– Reflects Bitcoin's superiority in attracting new capital through traditional investment channels currently.
– Highlights different dynamics of investor demand between Bitcoin and Ethereum in the form of ETFs.
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📈 Forecast:
– Continued Bitcoin inflows are expected to support its price in the short term.
– Ethereum inflows may show changes in sentiment or asset reallocation.
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❓Do you think this divergence in inflows will affect the performance of Bitcoin and Ethereum differently in the coming period?
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