🥳 #BTC #ETH Coinbase 🛡️ : Market demand is undeniable. Spot #BTC #ETFs have gathered $13+ billion in net inflows since debuting in January, making them the most successful #ETF launch ever. Adding spot #ETH to the mix will further grow crypto adoption. Twitter #announcement #Coinbase

📊 C.Q.: Data shows that spot #ETFs are the main drivers of the bull cycle we are currently in. At the moment, the total volume of BTC-ETF has exceeded $1 billion. If we see significant inflows again (highly likely), we will see the ETF rally continue. All of this will inevitably lead to #BTC updating its ATH.

📊 Glassnode report: With the advent of the Runes protocol, a contradiction arose between a reduction in the number of active addresses and an increase in the number of transactions.
Majors now hold ~4.23M #BTC, representing >27% of adjusted supply, and US spot #ETFs now control 862K BTC.
The Cash-and-Carry trading structure appears to be a significant source of demand for ETF inflows, with ETFs being used as a vehicle to take a long spot position while the CME Group futures market accumulates an increasingly large net short position in BTC.

🏦🗣 JPMorgan analysts: Crypto markets have seen $12 billion in net inflows this year, with most of the $16 billion inflows into spot #BTC-#ETFs likely coming from existing digital wallets on exchanges.
This rotation is evidenced by the fall in BTC reserves on exchanges since the launch of spot ETFs in January, which are valued at ~$13 billion.
Also are skeptical that the pace of capital inflows will continue until the end of the year.

🇰🇷 #BTC #ETH A South Korean think tank claims that spot cryptocurrency #ETFs will do more harm than good to the economy. the block

🗽🔥 Spot #ETH-#ETFs from 21Shares, Fidelity, VanEck, Franklin and Invesco/Galaxy will be listed on Cboe and begin trading on July 23, 2024.

🥳 #ETH Coinbase 🛡️ : #ETH #ETFs have arrived.

Today, the #SEC approved 9 spot #ETH #ETF applications. Their much celebrated arrival marks another important milestone for crypto in expanding access to and diversifying our cryptoeconomy.

Here's why 🧵 Twitter #announcement #Coinbase

🇺🇸👀 8 #ETH-#ETFs today have outflows of 100,230 ETH ($316.2 million).
Grayscale has outflows of 140,214 ETH, and other issuers are experiencing inflows.

Meanwhile 9 #BTC-#ETF today added 960 BTC ($62.14 million).

📊 #ETH Report Kaiko: Ethereum gas fees recently reached five year minimum. This reduction in fees has implications for ETH, as lower fees mean less ETH is burned, increasing the supply of the token. The total supply of ETH has been steadily increasing since April. Despite demand factors such as spot ETH-#ETFs, rising supply may curb potential price increases in the near future.

🗽 Bitcoin #ETF NetFlow: +2,139 #BTC (+$125.14M) 🟢

Ethereum ETF NetFlow: -9,788 #ETH (-$25.24M) 🔴 Grayscale (#ETHE) outflow 16,802 ETH ($43.33M)

📉 #ETH Bitfinex Report: Ethereum #ETFs Continue to Struggling Compared to Bitcoin ETFs blog.bitfinex.com

🗽👀 ETF Store President: Among the 575 #ETFs launched in the US this year, 14 #BTC and #ETH ETFs are among the top 30 in terms of capital inflows.
The top 30 also includes 2 MicroStrategy-related ETFs.

📊👀 Glassnode report:
- #BTC growth is primarily driven by strong demand in the spot market, mainly through US spot #ETFs;
- more than 95% of the circulating supply is now in profit, which is usually followed by significant profit taking;
- While realized gains for both short-term and long-term holders have increased, they remain below previous ATH peaks, which may indicate that many investors are willing to wait for higher prices.

📊 CEO CQ: This altseason will not be what you expected. It will be strange and complex. Only the chosen ones will win the game.
BTC has built its own L2 through #ETFs, #MSTRs, funds and more. Previously, altcoins moved together based on their correlation with BTC, but this pattern has now broken.

🇺🇸👀 Bloomberg Analyst: New cryptocurrency #ETFs are expected to emerge next year, and the first could be a combined BTC/ETH ETF. It will be followed by Litecoin (#LTC), then #HBAR, and then #XRP and #SOL.
Previously, the SEC did not consider Litecoin and HBAR as securities, which could be an advantage.

🇺🇸 SEC Commissioner Esther Pierce: In 2025, spot #BTC-#ETFs will be able to support “in-kind” redemption.

📊 CEO CQ: BTC cap table update: #ETFs, governments and #MSTR now own 31% of all known BTC assets, up from 14% last year.

📖 Franklin Templeton published a forecast for cryptocurrencies for 2025:
1. increasing the number of cryptocurrency #ETFs, tokenized securities;
2. The USA will once again become the world center of cryptocurrency innovation;
3. The US will have a regulatory framework for stablecoins, which will open the door for large financial institutions to issue their own stablecoins;
4. #RWA and stablecoin adoption will continue to expand and become major growth drivers for DeFi worldwide. DePIN will experience increased demand;
5. #BTC will strengthen its position as a global financial asset;
6. Accelerating the convergence of #AI and cryptocurrencies, development of AI agents;
7. Transition from speculation to utility, etc.

🔮 Bernstein presented 10 cryptocurrency forecasts for the coming year: #BTC will reach $200,000, the influx of funds into spot #ETFs on BTC will exceed $70 billion, the stablecoin market will exceed $500 billion, there will be favorable regulatory conditions and convergence of #AI, etc. theblock.com

🔮 JPMorgan: #ETFs on #SOL and #XRP could attract billions in new investment. cointelegraph

😨 #BTC Greenlight Capital CEO said that cryptocurrencies are approaching dangerous levels of hype, and the creation of a strategic BTC reserve looks doubtful.
He also reported that Greenlight Capital took short positions in two #ETFs with leverage associated with MicroStrategy and noted that “these products are doomed to fail.”