Bankless ROLLUP: Record ETF Flows, Up or Down? | Trump's New Crypto Policy | California Going Onchain?
12 snips
Aug 2, 2024 
Anthony Cisano, a go-to crypto analyst, discusses the recent Bitcoin Conference where Trump's speech ignited excitement in the crypto community. They dive into the intriguing dynamics of ETF flows, noting Ethereum's surprising net inflows against Bitcoin's outflows. Additionally, California's bold move to use Avalanche for car title transfers is examined, showcasing innovative blockchain applications. Join the conversation for insights on shifting investment trends and the evolving political landscape surrounding cryptocurrency.
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ETF Flow Rebalancing
- Bitcoin and Ether ETFs saw opposite flow directions, with Bitcoin experiencing outflows while Ether saw inflows.
- This could indicate a rebalancing of portfolios, with investors shifting towards Ether.
Monitoring ETH ETF Flows
- Watch ETH ETF inflows and outflows from existing ETH products like Grayscale's ETHE.
- Short-term noise is expected, but long-term passive inflows are key.
Grayscale Mini-Trust Impact
- Grayscale's ETH mini-trust with lower fees absorbs potential outflows, now holding $1.2B in ETH.
- Despite this, ETHE still experienced significant outflows, partially offset by other ETFs.