First Mover Americas: Bitcoin Retreats as Mt. Gox Moves $3B of BTC
The latest price moves in crypto markets in context for July 16, 2024.
The latest price moves in crypto markets in context for July 16, 2024.
Spot ether exchange-traded funds are expected to see 30%-35% of bitcoin ETFs’ net inflows, and may disappoint due to other factors such as the lack of staking, the report said.
Investors’ focus on ether is evident from ETH’s sustained volatility premium over BTC.
Polymarket bettors give a 90% chance that ether ETFs will be approved by July 26.
Spot ether exchange-traded funds may begin trading as soon as this Friday or in a few weeks.
Discounts in the Grayscale Ethereum Trust and the Coinbase indicator have evaporated in a positive sign for the ether bulls.
The bullish sentiment in the ether options market is more measured than bitcoin in early January, indicating a low probability of a sell-the-fact event following the debut of ETFs.
The latest price moves in crypto markets in context for July 2, 2024.
Ether’s market value relative to bitcoin is close to multiyear lows, and strong inflows into spot ETH ETFs could spark a catch-up trade, the report said.
The crypto market is being overly pessimistic about the imminent launch of spot ether ETFs in the U.S. and net inflows could hit $20 billion in the first year, Steno Research said.