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GM. This is Milk Road, the crypto newsletter that's as exhilarating as a surprise upgrade to first class. Buckle up, because $ETH ETFs are taking off, and we're here to give you the first-class scoop! |
Here’s what we got for you today: |
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5 $ETH ETF INFLOW PREDICTIONS 🔮 |
The Spot $ETH ETFs are finally live and the Milk Man is more excited than a seagull at a beach picnic! 🕊️ |
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Behind this layer of excitement, everyone’s probably wondering: How TF are these ETFs going to affect my $ETH bags?? 💰 |
To answer that, let’s dive into the $ETH inflow projections from some of the top institutions in crypto: Galaxy Digital, Bitwise, JP Morgan and more. |
These predictions can be confusing, but the Milk Man is here to break it down like he does on the dance floor 🕺 |
Here’s the TL;DR: (All % comparisons are based on $BTC ETF flows in their first 5 months of trading) |
Bull Case: Inflows of $5B in 2024 (30% of $BTC ETFs) Base Case: Inflows of $3B in 2024 (20% of $BTC ETFs) Bear Case: Inflows of $1.5B in 2024 (10% of $BTC ETFs)
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Keep reading for more details on each prediction (and how it could impact the price of $ETH 👀) ⬇️ |
1/ Bull case |
Alex Thorn, head of research at Galaxy Digital, predicts that there will be an inflow of $5B by the end of 2024. |
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Bitwise has a similar EOY prediction but believes 2025 will be even bigger for the $ETH ETFs. |
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The bustling prediction is packed into a beautiful episode of The Milk Road Show with Matt Hougan (Bitwise CEO), listen as he unpacks more about these ETFs 🎧 |
2 Key Reasons why Galaxy Digital and Bitwise are so bullish: |
Expect institutions to hold both $BTC and $ETH in order to diversify their crypto exposure Grayscale outflows are expected to be lower than they were for Bitcoin
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2/ Base case |
JP Morgan believes that the $ETH ETFs will snag $3B in 2024 (20% of the inflows that $BTC ETFs saw in their first 5 months of trading) |
Other notable names like the “Bloomberg Boys”, Eric and James, share JP Morgan’s perspective 👬 |
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3/ Bear case |
Andrew Kang, co-founder of Mechanism Capital and prominent figure on crypto twitter, leads the glass half empty argument |
He predicts $1.5B of inflows in 2024 (10% of the inflows that $BTC ETFs saw in their first 5 months of trading). |
3 Key Reasons behind his prediction: |
Institutions prefer $BTC over $ETH The buzz around Spot $BTC ETFs was much larger than Spot $ETH ETFs $ETH ETFs are less attractive without staking
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Impact on $ETH? |
$ETH’s price will be more sensitive to ETF flows than $BTC, since 40% of its supply is locked in staking and smart contracts. 🔒 |
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What happens to $ETH in the next 5 month is really anyone’s guess but one thing is certain: Institutional flow into $ETH will only benefit the token in the long-term. 💪
Could this be the catalyst that sends $ETH's price to the moon? Spoiler: We think so. 🚀 |
AND we tell you why on today’s episode of The Milk Road Show!
We break down: |
Why is $ETH called "Ultrasound Money"? 🔊🦇 Why Layer-2 solutions are a game-changer for Ethereum and how they're fueling growth. 📈 Lark Davis' personal $ETH price predictions and portfolio allocation strategies. 👀
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Don’t miss out on the juicy details – tune in! 🎧👇 |
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YouTube | Spotify | Apple Podcasts |
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COTD: WEEKLY CRYPTO FUND FLOWS 📊 |
Get your HODL hats on, Roaders! $1.44B 2 weeks ago, and then last week’s inflows of $1.35B were like running back to back marathons. |
That’s the 7th largest inflow on record and a clear sign that the crypto fund train is still chugging along! 🚂 |
Let’s dig into it 👇 |
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Here are the flows: |
Bitcoin ($BTC): The crypto king continues to reign supreme with a whopping $1.27B in inflows. After a quiet June, Bitcoin is shining bright. |
Ethereum ($ETH): Ethereum saw inflows of $45M last week, overtaking Solana for second place in inflows year-to-date at $103M ($SOL at $71M). |
The buzz around the spot-based ETF is giving Ethereum some serious momentum. |
Regional rundown: |
The US: Leading the pack with $1.3B in inflows. Switzerland: Poured in $66M. Brazil: Experienced minor outflows of $5.2M. Hong Kong: Also saw minor outflows totaling $1.9M.
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The hefty inflows into Bitcoin and Ethereum show that the global appetite for digital assets keeps churning! |
Quick Hits: |
Litecoin ($LTC): Inflows of $2.2M last week. Blockchain Equities: Still struggling with $8.5M in outflows, despite ETFs outperforming world equity indices.
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Investors are positioning themselves for the next big wave in crypto, which might just be spurred by institutions with the $ETH ETF approval. |
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PRO “WHERE ARE WE IN THE CYCLE?” INDICATORS 🤔 |
Crypto moves in cycles, and knowing where we are in the current cycle is crucial for capturing the best opportunities. |
The goal is to spot the bull market peak before the inevitable bear market hits your bags hard. |
Since timing the top perfectly is almost impossible, we use various indicators to give us a better shot at taking profits before it's too late. |
Below are the 5 indicators we track, with a color-coded system to show how close they are to signalling the market peak: |
🟢 Plenty of room to run 🏄 |
🟡 Getting closer to the top signal, but haven’t yet reached the mark ⚠️ |
🔴 We’ve hit the market top indicator 🚨 |
Every Tuesday, we update these 5 indicators exclusively for PRO members. |
Our advice? Don't wait for all of them to hit 🔴. It's better to take profits as they get closer to that point. |
Let's dive in and see if we're anywhere near the top of this bull market. 👇 |
| GO PRO AND UNLOCK: | Full access to the 5 bull market peak indicators above. 👆 Full access to the Milk Road PRO Portfolio. 📈 Our weekly reports that help you invest successfully in crypto. 💰 Full access to the Milk Road PRO community. 🫂
| | PRO REVIEW OF THE WEEK | |
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BITE-SIZED COOKIES FOR THE ROAD 🍪 |
Syrup is live! Scaling quickly to $30M in TVL, Syrup offers a mouth-watering 15%+ APY on USDC. Tap into the consistent high yield in DeFi today, powered by Maple Finance with overcollateralized lending. * |
BlackRock's Spot Bitcoin ETF drew $526M in net inflows yesterday. Despite the highest daily influx since March, BTC couldn't break key resistance levels. Looks like BlackRock’s ETF is stacking cash faster than Bitcoin’s price can climb! 🤑 |
Marathon Digital fined $138M for breaching a non-circumvention agreement. The fine comes after a lawsuit by former executive Michael Ho, who won a unanimous jury verdict. Marathon Digital is paying the price for cutting corners. 💸 |
$900B investment giant Hamilton Lane launches a tokenized private credit fund on Solana. Their Senior Credit Opportunities Fund (SCOPE) now offers broader access to investors through blockchain technology. |
US politicians can now receive crypto donations on the Base network. A new platform lets supporters donate over 240 cryptocurrencies, including Bitcoin and Ethereum. |
We're looking for a kickass Content Creator to join our team. You'll create the best crypto content in the world. If you have video editing and graphic design skills and love crypto, this is the perfect role for you. Apply here! |
*this is sponsored content |
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. |
