Posted 11/13/2023, 9:24:00 AM
Bitcoin and Ethereum Prices Steady as GBTC Discount Narrows and ETF Hopes Build
- Bitcoin and ether steady in Asia, buoyed by narrowing GBTC discount and ETF hopes
- Fund inflows surpass $1 billion this year amid spot BTC and ETH ETF optimism
- GBTC discount at 10%, lowest since July 2021, down from 50% in Dec 2022
- SEC in talks with Grayscale about converting GBTC to spot BTC ETF
- BlackRock planning ether ETF lifted market sentiment and pushed ETH up
- Trading activity on DEXs at 6-month high as traders cycle into ETH
- Ethereum oversees more than twice the volume of all layer 2s combined
- U.S. CPI, retail sales, Fed speeches could influence crypto trends