Ethereum weekly gains reach 11%, outperforming Bitcoin as ETF inflows return
ChainCatcher reports that U.S. spot Ethereum ETFs saw inflows of $96 million in the first three days of this week, with the majority of the funds absorbed by BlackRock's fund.
New demand for Robinhood Chain has also boosted Ethereum's performance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.
Variational open interest has exceeded $2 billions.
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