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Bankless
ROLLUP: ETFs Flop? | BTC on U.S. Balance Sheet? | Polymarket Booming | Japan Tanking Markets
Jul 26, 2024
01:03:07
Snipd AI
Discussion on ETFs performance, Bitcoin on Fed balance sheet rumors, Polymarket success. Market nuke reasons, L2 updates, cycle phase insights. Ethereum ETFs approval, layer two ecosystem growth. Decentralized exchanges success, on-chain trading rise. Speculations on political figures' crypto stance, celebrity fight betting on Polymarket, election outcome predictions.
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Quick takeaways
- ETFS attract significant investment in Ethereum but face outflows in the Grayscale Ethereum Trust.
- Kamala Harris's potential crypto stance remains uncertain, possibly aiming to differentiate align with crypto-friendly voters.
Deep dives
Ethereum ETF Launch and Performance
The Ethereum ETF launched with promising numbers, garnering $10.2 billion in assets on day one and over $1.1 billion in trading volumes. Despite solid performance, there were significant outflows from the Grayscale Ethereum Trust, leading to a total net outflow of $27 million over the first two days.
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