Senior Analyst Vetle Lunde from K33 Research explores the potential for Solana and Ethereum post the introduction of the Bitcoin ETF, noting that the Ethereum market exhibits subdued activity compared to the Bitcoin ETF.
According to KK3 Research,
Bitcoin (BTC) has maintained a range between $42,000 and $43,000, resulting in a weekly return of -1%. This consolidation phase has coincided with declining trading volumes across all markets.
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Over the past seven days, there has been consistent positive or balanced net flows to Exchange-Traded Products (ETPs). Specifically, there has been a net influx of 6,652 BTC into ETPs following a decrease in outflows from Grayscale Bitcoin Trust (GBTC) and ongoing inflows into the ‘new 9’ U.S. spot Exchange-Traded Funds (ETFs). While the decline in GBTC outflows has been significant as anticipated, the potential impact of another bankruptcy estate could temporarily disrupt this trend.
