Morning Bulletin - 08.05.2024

Grayscale spot Bitcoin ETFs had seen positive closes on Friday and Saturday, the first since consecutive openings. However, Tuesday's data showed that this series came to an end. Spot Bitcoin ETFs closed yesterday at a negative $ 15.6 million. Grayscale saw an outflow of $ 29 million.

Grayscale withdrew its futures ETF application, raising questions about spot Ethereum ETFs.

At the time of writing, Bitcoin (BTC) is trading at $62,592 and Ethereum (ETH) is trading at $3,025.

The fear and greed index is neutral at “55”.

Important developments during the day:

Mina Protocol (MINA): A Discord call will take place led by the Co-Founder of the project.

General Market Activity: US Crude Oil Inventories data will be released.