Sep 27, 2024
Another week in the green with the majors experiencing single digit growth more or less across the board. Ethereum took center stage this week as network fees increased along with the price of Ethereum gas token $ETH experiencing a 6.1% gain on the 7 day chart.
As always we open up our farside ETF flow tracker to see what the institutional traders are doing. BTC ETFs have absorbed over $611m in inflows this week alone and the week isn’t over, in fact this is the highest net inflows since July for $BTC ETFs. Ethereum ETF flow is looking more promising this week too with a net inflow of over $105m so far this week.
To answer the question in the subject, yes the Green in the markets has in fact turned Fear into Greed according to the Fear & Greed Index we track.
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