!!NEWS THAT BRING HOPE THAT $ETH WILL REACH 3,000 THOUSAND DOLLARS!!
Money flows into Bitcoin ETFs and JPMorgan’s arrival on Ethereum
Bitcoin ETFs, exchange-traded funds that buy actual Bitcoin, received $526.6 million on Monday— their best day since September 22—thanks to BlackRock’s fund. This recoups more than half of the money that flowed out over the previous two weeks, while Ethereum ETFs saw $103.3 million in outflows on their fourth consecutive day of losses. The positive news for Ethereum came from JPMorgan, which brought its JPM Coin—a token representing dollars deposited at the bank for its institutional clients—to the Ethereum mainnet. This is a sign of confidence in the network, although the bank is not buying ether as part of this move.
THAT BUILDS INVESTOR CONFIDENCE, BUT MORE CAPITAL ALSO NEEDS TO FLOW IN. LET’S HOPE IT RETURNS TO ITS ALL-TIME HIGHS.
Money flows into Bitcoin ETFs and JPMorgan’s arrival on Ethereum
Bitcoin ETFs, exchange-traded funds that buy actual Bitcoin, received $526.6 million on Monday— their best day since September 22—thanks to BlackRock’s fund. This recoups more than half of the money that flowed out over the previous two weeks, while Ethereum ETFs saw $103.3 million in outflows on their fourth consecutive day of losses. The positive news for Ethereum came from JPMorgan, which brought its JPM Coin—a token representing dollars deposited at the bank for its institutional clients—to the Ethereum mainnet. This is a sign of confidence in the network, although the bank is not buying ether as part of this move.
THAT BUILDS INVESTOR CONFIDENCE, BUT MORE CAPITAL ALSO NEEDS TO FLOW IN. LET’S HOPE IT RETURNS TO ITS ALL-TIME HIGHS.