First signs of people grasping that ETH is 10x more reasonable reserve currency for onchain economy: - realyielding 2.3% rn (longterm likely 4% with more onchain activity, can be juiced with EigenCloud; BTC 0%) - most permissionless asset for DeFi (BTC bridging risks) - lowest inflation of majors rn (again longterm likely deflationary with more onchain activity) - longterm secure monetary policy (BTCs fees don't compensate declining block subsidies introducing systemic risks) Message is clear. Ticker is ETH.
Spot eth ETFs w/ $340mil inflows yesterday… So far in August: Spot eth ETFs = $2.8bil inflows Spot btc ETFs = $1.2bil *outflows* Since beginning of July: Spot eth ETFs = $8.2bil inflows Spot btc ETFs = $4.8bil inflows Notable recent shift.
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