Bitcoin Faces ETF Apathy and Miner Debt While Ethereum Attracts Major Institutional Accumulation
Bitcoin Faces ETF Apathy and Miner Debt While Ethereum Attracts Major Institutional Accumulation
The cryptocurrency market presents a mixed picture, with Bitcoin grappling with sustained ETF outflow concerns and a significant surge in miner debt, which could pressure its support levels. In contrast, Ethereum demonstrates strong institutional confidence, highlighted by an ARK Invest-backed firm becoming a leading Ether hoarder outside the US. Additionally, a notable DeFi project, Bunni DEX, has restructured its licensing, aiming for broader developer adoption.
Bunni has decided to re-license its v2 smart contracts from Business Source License to MIT license, allowing developers to use all the features developed by Bunni, garnering praise.
Without Bitcoin ETF holding sustained inflows, Bitcoin could succumb to “demand side fragility,” analysts from Bitfinex warn.
Bitcoin miners have taken on $12.7 billion in debt as they invest in new rigs and AI infrastructure to stay competitive in the global hashrate race.
ARK Invest-backed Quantum Solutions is now the largest Ether treasury outside of the US and has a 100,000 ETH treasury target.