Bitcoin (BTC) price struggles around $66,000 on Wednesday. US spot Bitcoin ETFs experienced minor outflows on Tuesday, coinciding with the continued movement of Mt. Gox funds for repayment, which could exert downward pressure on Bitcoin’s price.
Solana (SOL) adds 2% to its value on Wednesday, riding on the optimism among market participants after the first day of Spot Ethereum ETF trading. Solana hovers around $180 at the time of writing, and the key market movers are a large-volume SOL transfer to Binance and news of likely a Solana ETF.
Spot Ether ETFs made their long-awaited entrance on the market yesterday (Tuesday, July 23rd), generating over $1 billion in trading volume. While this marks a significant milestone for the world of Ethereum, it pales in comparison to the explosive debut of spot-Bitcoin ETFs back in January, which saw a staggering $4.6 billion traded on the first day.
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