👀 server gossip: the ETF for has already completed its first week on the NYSE, and it’s doing pretty well
The first spot NEAR ETF in the US hit the market with staking included and a 0.75% fee. First-week results: $36M in assets and $35.5M in inflows on the very first day. NEAR shot up to $5.40 at launch, then settled at $4.65 to take a break, like everyone after a party
The interesting part for the lobby: every altcoin that gets a spot ETF lands on the radar of funds that CAN’T buy on regular exchanges. If the inflows keep coming, the coin can hold at a higher level. If the money leaves after the launch hype... same old story, back to the lobby 👀
Will we see another altcoin get a spot ETF soon, or was this the last one of the year? 👇
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading
The first spot NEAR ETF in the US hit the market with staking included and a 0.75% fee. First-week results: $36M in assets and $35.5M in inflows on the very first day. NEAR shot up to $5.40 at launch, then settled at $4.65 to take a break, like everyone after a party
The interesting part for the lobby: every altcoin that gets a spot ETF lands on the radar of funds that CAN’T buy on regular exchanges. If the inflows keep coming, the coin can hold at a higher level. If the money leaves after the launch hype... same old story, back to the lobby 👀
Will we see another altcoin get a spot ETF soon, or was this the last one of the year? 👇
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading