The recent performance of Ethereum's ETF has been poor.
If you look at the numbers, you'll find that the fund inflow of $Ether ETF is basically fund outflow or close to 0. Meanwhile, the Bitcoin ETF has only seen inflows and no outflows in the past 7 days. Today, we have seen an inflow of $252M, which is a significant increase compared to the past 7 days. It should also be noted that the supply of the over-the-counter (OTC) platform affects the purchase of ETFs, but it does not affect the price of Bitcoin. So the ETF volume should not excessively boost the price, but it does help us understand the confidence of investors in the current market...#BTC #ETH #SOS
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The recent performance of Ethereum's ETF has been poor.
If you look at the numbers, you'll find that the fund inflow of $Ether ETF is basically fund outflow or close to 0.
Meanwhile, the Bitcoin ETF has only seen inflows and no outflows in the past 7 days. Today, we have seen an inflow of $252M, which is a significant increase compared to the past 7 days.
It should also be noted that the supply of the over-the-counter (OTC) platform affects the purchase of ETFs, but it does not affect the price of Bitcoin.
So the ETF volume should not excessively boost the price, but it does help us understand the confidence of investors in the current market...#BTC #ETH #SOS