and yesterday (well almost due to T+1)
ETF ETF +$602m
BTC ETF +$522m
I believe this is first day ever, when ETH ETF Inflows are higher than BTC ETF ones, then on BTC-adjusted market cap its not even close
while Tom Lee and SBET are racing who gets to buy more on open market
RunnerXBT
@RunnerXBT
07-17
ETH ETF did $4.25b inflows yesterday on BTC-adjusted
$726.6M in ETH inflows is equivalent to $4.25B of inflows into BTC when adjusted for market cap.
BTC market cap: $2.37 trillion
ETH market cap: $405 billion
Ratio = 2.37T / 405B ≈ 5.85
Yesterday was insane
this is such a beautiful case study for how to have your coin go up, i would be surprised if Justin Sun isnt cooking something
the answer
always has been - crypto treasury companies & ETFs accumulating to create a Wallstreet FOMO & narrative
study PUMP FUN coin vs. ETH
Do you have a view on the probability that $SBET will use the forward sales agreements and try to front-run the shareholder vote next week?
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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