QCP Capital: Market May Be Immune to Ethereum ETF Outflows

QCP Capital released a research report stating that after Trump's speech, BTC tested $70,000, but then fell below $67,000 as the US government transferred about $2 billion worth of BTC. Compared with BTC, ETH performed better, with ETH/BTC up 5%. Despite four consecutive days of outflows from spot ETFs, ETH's volatility premium widened from 4% last week to 8%. The market may be immune to capital outflows, and investors will shift from more expensive ETHE to cheaper ETFs. In the coming week, the FOMC meeting, earnings reports of large technology companies, and unemployment data will be the focus.