📢 Ethereum spot ETF staged a big drama of fleeing, and the flow of funds may become the focus of attention!
🚀 Dear cryptocurrency fans, come and watch! Ethereum spot ETF has just been listed, and a big drama of capital flight was staged in the first week. After Grayscale's ETHE was converted to Ethereum spot ETF, the outflow of funds reached 1.5 billion US dollars. But don't rush to draw a conclusion, because overall, the total inflow is still about tens of millions more than the outflow!
👀 Speaking of this, I have to say, remember the time when GBTC was just converted to Bitcoin spot ETF? At that time, GBTC's funds were also flowing out, and the market was not optimistic about Grayscale's tossing, but the actual market enthusiasm seems to have not diminished at all. Isn't the Bitcoin spot ETF market still hot now? Therefore, do we have reason to believe that the history of Ethereum spot ETF seems to be repeating itself with Guan!
👀Let's take a look at the spot ETF data analysis in the figure below. Grayscale's mini Ethereum fund attracted $164 million, BlackRock's ETHA won $442 million, and Bitwise and Fidelity also performed well, welcoming $265 million and $219 million in capital inflows respectively.
📈 Judging from the market situation, the trend of Ethereum is still not optimistic. But according to the historical cycle analysis, I believe that when Bitcoin's market share reaches a high point of about 60%, there may be a wave of decline, and the sustainable altcoin spring may be coming at this time. So, be patient, friends! In the next few months, it may be a great time to quietly hoard some of the altcoins you are optimistic about!
🤔 Investing requires your own rhythm. Don't be carried away by the market's wind and grass. Remember, only invest in what you are willing to hold for a long time, and please don't all in. Only with planned investment can we slowly become rich.
💬 Come on, let's talk about what you think of this wave of market reaction to Ethereum ETF? Do you think now is a good time to stock up on altcoins? See you in the comments!
