news

Social Media BTC Mentions Turn from Fear to Greed Ahead of Spot ETF Approval

"Historically, an increase in the 'bitcoin share of crypto mentions on social media' has been a sign of market fear, but the anticipation of the BTC spot ETF approval has reversed the interpretation to a greed indicator," analyzes crypto on-chain analytics platform Santiment. "After peaking before the spot ETF approval, this metric seems to have recently normalized, with BTC overtaking altcoin mentions on social media during this time. The decline in BTC mentions on social media in the first week of February suggests that BTC is being pushed out of the spotlight due to over-leveraging in the altcoin market."

ETH spot ETF hits $9.37 billion in trading volume on second day of trading, off to a strong start, but falls short of BTC

Ethereum spot ETFs have recorded $9.37 billion in trading volume on their second day of trading. Of these, Grayscale's ETHE topped the list with $4.86 billion, accounting for about 52% of the total volume. BlackRock's ETHA followed with $255 million and Fidelity's

blockchain crypto cryptocurrency Ethereum ETF launches favorable price Shelly Young (SpotedCrypto)

Ethereum ETF launches favorable price Shelly Young comments and Grayscale's Ethereum liquidity outflow

Hany Rashwan, CEO of crypto ETP issuer 21Shares, told Bloomberg that the launch of an Ethereum spot ETF has already been partially priced in. "Global macroeconomic and summer seasonal features have also impacted the price of ETH," he said. "While Bitcoin is a digital gold hedge, Ethereum

blockchain crypto cryptocurrency ethereum Spot ETF Debuts Successfully (Spoted Crypto)

ETH Spot ETF Debuts Successfully...Sustained Success Unclear

Bloomberg reported on April 24 that "Nine U.S. ETH spot ETFs surpassed $1 billion in trading volume on their first day of trading in what could be considered a blockbuster debut. However, it's unclear if the box office record can be sustained." "The rationale

Read next