Bankless ROLLUP: BTC $1T Market Cap | More ETH ETF Filings | $STRK Airdrop Pushback?
Feb 16, 2024
The recent surge in Bitcoin's market cap signals a potential bull market comeback, despite mainstream indifference. Institutional investments in Bitcoin ETFs are growing, overshadowing miners' production. There's a positive outlook for Ether as Layer Two technology gains traction, which might enhance Ethereum ETF prospects. Meanwhile, the Stark token airdrop has sparked debate over fairness in token distribution. Regulatory uncertainties loom over Ethereum, while civil liberties in crypto are increasingly under scrutiny.
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Quiet All-Time Highs
- Celebrate Bitcoin's all-time highs quietly.
- This extends the cycle before more people enter the market.
Bitcoin ETF Impact
- Bitcoin ETFs are driving up Bitcoin's price by increasing demand.
- They're absorbing more Bitcoin than miners produce.
Fidelity's Bitcoin Play
- Fidelity includes Bitcoin in its all-in ETFs, even conservative ones.
- This exposes traditional investors to Bitcoin without direct purchase.