ETHE - Why Bitcoin Ethereum Will Be Climbing A 'Wall Of Worry' In The Coming Weeks | Benzinga
Crypto analyst Teng Yan contrasted potential bull and bear cases for the top cryptocurrencies ahead of the Ethereum ETF launches.
What Happened: Teng Yan expressed his "hopelessly optimistic" stance but also made a potential bear case for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), noting that Bitcoin ETF flows are decelerating and might even be reversing. This, coupled with a slower-than-expected ramp-up in institutional sales, poses a significant concern for BTC's near-term prospects.
He pointed out that Ethereum ETF flows could be minimal initially and compounded by outflows from (OTC:ETHE) redemptions. "The market has already front-run the ETH ETF Flows (up 15% since ETF news)," he says, questioning who remains to drive ...