![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Will Bitcoin ETFs Turn the Tide?
Samson Mow, the Bitcoin evangelist, has sounded the alarm, cautioning the crypto community that recent outflows from Bitcoin ETFs are not the end of the story. "Plan accordingly," he urges, hinting at a potential reversal of fortune.
Bitcoin's Intrinsic Value: A Lifeline Amid Market Sentiment
Amid concerns that negative market sentiment could tank Bitcoin's price, Mow emphasizes the fundamental underpinnings of the leading cryptocurrency. Its scarcity and boundless demand, he argues, will ultimately prevail over market whims.
ETFs: A Mixed Bag
Spot-based Bitcoin ETFs have witnessed a wave of outflows, raising eyebrows in the crypto world. Over $700 million has vanished in just three days this week. Even BlackRock's IBIT, the ETF heavyweight, has seen its daily inflows dwindle to a meager $49 million, a low point in recent weeks.
Grayscale's Exodus: Fees and Competition
A significant factor driving the exodus from Grayscale is its hefty fees compared to rivals in the ETF market. Lower-cost options have lured investors away, contributing to the recent outflows.
The Grayscale BTC Drain: Trust Issues
Experts point to a massive withdrawal of BTC from Grayscale Bitcoin Trust (GBTC) as a major source of outflows. This trend has persisted since the US Securities and Exchange Commission (SEC) allowed the conversion of GBTC into a spot ETF.
SEC's Spot ETF Greenlight: A Double-Edged Sword
The SEC's approval of 10 spot Bitcoin ETFs on January 11 further fueled the outflows. This regulatory milestone, while hailed by some, has also raised concerns about the future of Grayscale's product.
Ethereum's Regulatory Fate: A Security in Disguise?
Beyond ETFs, Mow has weighed in on the potential approval of Ethereum spot ETFs. He believes ETH should be classified as a security and expects the SEC to eventually make that call. He lambasts the SEC's approval of ETH futures ETFs, calling it a "significant mistake."
Mow's Reversal Warning: A Cautionary Tale
Mow's prediction of a reversal in outflows adds a layer of uncertainty to the situation. As the crypto community navigates these developments, industry experts will keep a close eye on the market to see if his forecast holds true or if further challenges await.
Bitcoin's Resilience: A Beacon of Hope
While the future of Bitcoin ETFs remains shrouded in doubt, the cryptocurrency market has proven its resilience time and again. Investors and enthusiasts will anxiously await developments in the coming days, hoping for stability and renewed confidence in the digital asset realm.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
-
-
-
- The Best No KYC Crypto Wallets
- May 09, 2025 at 01:15 pm
- Discover new tokens before they're listed on other platforms
-
- Meta Is Reportedly Planning Its Re-Entry Into the Cryptocurrency Sector, Focusing on Stablecoin-Based Payment Solutions
- May 09, 2025 at 01:10 pm
- According to reports, Meta is exploring the use of stablecoins to manage payouts across its platforms. This move comes three years after Meta ended its earlier blockchain project, Diem, which was initially called Libra.
-
-