Odaily星球日报讯 花旗银行最新研究报告指出，自 7 月 23 日美国推出以太坊现货 ETF 以来，加密货币市场整体表现疲软。报告显示，比特币和以太坊现货 ETF 在过去一个月出现净流出，加密货币需求明显下降。搜索兴趣和网络活动均处于低迷状态，期货资金费率在 8 月份一度转为负值。花旗分析师 David Glass 表示，在美国经济"软着陆"或"硬着陆"前景明朗之前，ETF 资金流可能会持续低迷。值得注意的是，稳定币市场却逆势增长，供应量在 8 月市场调整期间仍持续上升。花旗认为，这一趋势反映了加密市场的复杂性和投资者对不同加密资产的差异化态度。（Coindesk）

花旗银行：以太坊现货 ETF 推出以来，加密货币市场整体表现疲软

Odaily Odaily News: Citibank&#39;s latest research report pointed out that since the launch of the Ethereum spot ETF in the United States on July 23, the overall performance of the cryptocurrency market has been weak. The report shows that Bitcoin and Ethereum spot ETFs have experienced net outflows in the past month, and the demand for cryptocurrencies has declined significantly. Search interest and network activity are both in a slump, and futures funding rates turned negative in August. Citi analyst David Glass said that ETF fund flows may continue to be sluggish until the prospects for a &quot;soft landing&quot; or &quot;hard landing&quot; of the US economy become clear. It is worth noting that the stablecoin market has grown against the trend, and supply has continued to rise during the market adjustment in August. Citi believes that this trend reflects the complexity of the crypto market and the differentiated attitudes of investors towards different crypto assets. (Coindesk)

Citibank: Since the launch of the Ethereum spot ETF, the overall cryptocurrency market has performed weakly

Odaily reports that BRN analyst Valentin Fournier stated that the Bitcoin ETF has risen for seven consecutive days, while the Ethereum ETF has underperformed in comparison. Valentin Fournier explained, "This indicates a lack of institutional investor interest in the Ethereum ETF, partly due to the lack of opportunity cost for re-pledging. It is recommended to allocate more funds to Bitcoin, as Ethereum is expected to continue underperforming." (TheBlock)

BRN analyst: Ethereum ETF lacks institutional investor interest, recommends shifting funds to Bitcoin

Bitcoin price reached $65,000 for the first time in about three weeks, thanks to the market's renewed demand for US Bitcoin spot ETFs. There are signs that the Federal Reserve will ease its monetary policy. On Monday, Bitcoin rose 1.2% to $65,030, before retreating to around $64,000. Last week, Bitcoin rose 7.4%, the highest weekly gain since mid-July.

Federal Reserve Chairman Powell said on Friday that the time for policy adjustment has arrived, and that he does not seek or welcome further cooling of the labor market, and is more confident in the return of inflation to 2%. The Wall Street Journal reported that Powell has issued the strongest signal for rate cuts to date, indicating that the Federal Reserve intends to take action to prevent further weakening of the US labor market. This also suggests that the global market's liquidity backdrop will become more favorable.

Data shows that Powell's signal has stimulated a net inflow of $2.52 into US spot Bitcoin ETFs, the highest level in over a month. These funds have attracted capital inflows for 7 consecutive days.

Cici Lu McCalman, founder of blockchain consulting firm Venn Link Partners, said, "All eyes are on the Federal Reserve." He added that a rate cut in September could boost Bitcoin.

Bloomberg: Powell's signal of rate cut boosts demand for U.S. Bitcoin spot ETFs

According to data statistics from SoSo Value, the total net inflow of assets into U.S. Bitcoin spot exchange-traded funds (ETFs) was approximately $202 million yesterday (August 26th), marking the eighth consecutive day of net inflows. Over the past eight trading days, 12 Bitcoin spot ETFs have collectively attracted $756 million in capital.

[2024 08 27 141233] Daily capital flow of U.S. Bitcoin spot ETFs (Source: SoSo Value)
The Bitcoin spot ETF with the largest net inflow yesterday was the one issued by BlackRock...