03 Jun 2024

1 million ETH to be absorbed by the ETFs?

Markets remain rangebound with low volatility, but moderate ETH ETF excitement is reflected in trader positioning. A relatively quiet week, but we expect the inevitable ETH ETF launch to follow a similar (explosive) path to Bitcoin's.
AOC Cover Image (3)
BTC volatility at lows only seen twice this year
Bitcoin has been heavily rangebound over the past two weeks, leading BTC’s 7-day volatility to fall below 1% on Saturday for the first time since February. The slow price action has been accompanied by low spot market activity, with Saturday seeing 12,300 BTC changing hands in the spot market, the lowest notional spot volume recorded in 2024. BTC ETFs have seen similarly shallow activity over the past week, with weekly net flows to BTC investment vehicles coming in at 247 BTC following moderate inflows to U.S. spot ETFs, offset by moderate outflows from U.S. futures ETFs.
ETFs could accumulate >1 million ETH
Share this article