Bitcoin maximalist Samson Mow says Bitcoin has no use for Ethereum ETFs
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The Bitcoin maximalist believes that spot Ethereum ETFs are facing no demand at the moment and that Bitcoiners are not going to rethink their models because of those spot Ethereum ETFs. Last week, Mow tweeted that it was investors’ “We don’t need to rethink our models because of an Ethereum spot ETF as there is no demand for securitized ETH.
Saylor explained that this positive SEC decision on Ethereum makes the entire asset class bigger and it can help attract more money into Bitcoin itself. The largest amount of BTC was grabbed by BlackRock – 1,503 BTC worth $102+ million. Fidelity added 503 BTC, VanEck acquired 206 BTC. Grayscale saw an outflow of 47 Bitcoin. By now BlackRock has surpassed Grayscale as the largest spot Bitcoin ETF holding $19.59 billion in Bitcoin versus Grayscale’s $19.6 billion.
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