Ethereum ETFs stop the bleeding + Glamsterdam countdown: Is ETH about to turn?
📌 The Block: U.S. spot ETH ETFs saw $14.9 million in net inflows on Wednesday, ending a five-day outflow streak (Grayscale led with $28.1 million, followed by Fidelity’s FETH with $13 million); BTC ETFs saw $528 million in net inflows the same day.
📌 Ethereum Foundation announcement: The Glamsterdam upgrade will activate on the Hoodi testnet on October 26 at 17:42 UTC, with the gas limit raised to 200 million. It went live on Sepolia on October 6; the mainnet date has not yet been set.
📌 Investing.com: ETH was trading at about $2,498 on 10/22, up 2.5% intraday. But according to Cointelegraph, ETH ETFs have seen cumulative net outflows of about $1.08 billion in October, wiping out September’s inflows.
【Analysis】
One day of $14.9 million in inflows is just a reprieve, not a reversal. The real catalyst is Glamsterdam: changes to block building, state access, and gas fee accounting are coming together, while raising the gas limit to 200 million means a significant boost to L1 throughput. If the testnet goes smoothly, the market will start pricing in expectations for a “mainnet timeline.”
【Opportunities/Risks】
✅ Watch: Whether Hoodi activation goes smoothly on 10/26 and whether developer meetings announce a mainnet date; whether ETFs post net inflows for several consecutive days.
✅ Price levels: $2,500 is the immediate dividing line between bulls and bears; holding above it points to $2,700 (the early-October level). A drop back to around $2,440 would mean the market remains weak and range-bound.
⚠️ Risks: The Fed’s rate decision on 10/28 and the U.S. midterm elections on 11/3 could see macro volatility overshadow the upgrade’s positive impact; bugs on the testnet could delay mainnet.
Do you think Glamsterdam can help ETH outperform BTC again? Or are ETF flows the key?
#以太坊 #Glamsterdam #ETF资金流 #CryptoNews
$ETH $BTC
For reference only; not investment advice
📌 The Block: U.S. spot ETH ETFs saw $14.9 million in net inflows on Wednesday, ending a five-day outflow streak (Grayscale led with $28.1 million, followed by Fidelity’s FETH with $13 million); BTC ETFs saw $528 million in net inflows the same day.
📌 Ethereum Foundation announcement: The Glamsterdam upgrade will activate on the Hoodi testnet on October 26 at 17:42 UTC, with the gas limit raised to 200 million. It went live on Sepolia on October 6; the mainnet date has not yet been set.
📌 Investing.com: ETH was trading at about $2,498 on 10/22, up 2.5% intraday. But according to Cointelegraph, ETH ETFs have seen cumulative net outflows of about $1.08 billion in October, wiping out September’s inflows.
【Analysis】
One day of $14.9 million in inflows is just a reprieve, not a reversal. The real catalyst is Glamsterdam: changes to block building, state access, and gas fee accounting are coming together, while raising the gas limit to 200 million means a significant boost to L1 throughput. If the testnet goes smoothly, the market will start pricing in expectations for a “mainnet timeline.”
【Opportunities/Risks】
✅ Watch: Whether Hoodi activation goes smoothly on 10/26 and whether developer meetings announce a mainnet date; whether ETFs post net inflows for several consecutive days.
✅ Price levels: $2,500 is the immediate dividing line between bulls and bears; holding above it points to $2,700 (the early-October level). A drop back to around $2,440 would mean the market remains weak and range-bound.
⚠️ Risks: The Fed’s rate decision on 10/28 and the U.S. midterm elections on 11/3 could see macro volatility overshadow the upgrade’s positive impact; bugs on the testnet could delay mainnet.
Do you think Glamsterdam can help ETH outperform BTC again? Or are ETF flows the key?
#以太坊 #Glamsterdam #ETF资金流 #CryptoNews
$ETH $BTC
For reference only; not investment advice