ETH is up > 20% on the week. I remember last halving cycle when bitcoin could post similar numbers. This cycle though—- this past week it’s up 8% and like..
As Nathan Fillion was awesome (as usual) in Superman, it’s time to remind people that if they haven’t seen him in Dr Horrible’s Sing-Along Blog they should
Plan B thinks that the flows into Bitcoin ETFs are mostly just people selling their on-chain Bitcoin for the convenience of an ETF vehicle. So it’s a “transfer” vs new purchases. That could explain why despite the massive ETF inflows, the price action has remained pretty subdued. Interesting take.