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BlackRock and Fidelity have increased their combined Spot Bitcoin ETF holdings to 479,645 Bitcoin worth $32 billion. The SEC is expected to approve the Ethereum ETF for trading to begin after the summer, with predictions of a July 3rd launch. Meanwhile, outflows from Bitcoin ETFs continue, with Fidelity experiencing significant outflows. Analysts anticipate the Ethereum ETF approval around July 2nd, leading to bullish sentiments for Ethereum.
People are really underestimating the future demand for the upcoming $ETH ETF's. All the major Wall Street banks and hedge funds that just bought $BTC, are going to grab some $ETH for diversification. With the SEC now blessing just 2 cryptos, Wall Street will not hesitate to LOAD…
This week was a quiet week with a pullback in markets. Some highlights: 🔹BBG Analyst @EricBalchunas is “moving up our over/under date for the launch of spot Ether ETF to July 2nd" 🔹After 19 days of inflows, ETFs finally broke the streak with ~$580M in outflows for the week…
This week in ETFs: a quiet week with a pullback in markets. Some highlights: 🔹BBG Analyst @EricBalchunas is “moving up our over/under date for the launch of spot Ether ETF to July 2nd" 🔹After 19 days of inflows, ETFs finally broke the streak with ~$580M in outflows for the…