ETH ETFs go Live, COMP Attacked & Cosmos Drama
Episode publishedPodcast: The HivemindThe Hivemind
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Host: Hi, everyone, and welcome to another episode of the Hivemind podcast. With us, as always, we have the usual crew, Sedaris, our head of research, Jan, managing partner ventures, Duncan
Jan: Under the ex searcher.
Host: Under the ex searcher. There it is. Here to I'm sure we'll get some victory laps on Banana today. And, yeah, we and today, yeah, I think we have a bunch of topics to start off with. Maybe we can start with the ePTF much anticipated.
We've started to have flows data. What do you guys think? How's it looking? I think we had the 1st positive inflows day yesterday, right, after a bunch of, grayscale selling. Yeah.
How are you guys feeling about this? What are you I
Sedaris: feel like it's been relatively tame, and then we've had the grayscale inflows, obviously. So those seem to be they were they were really aggressive the first few days. They seem to be slowing down a little bit. So I guess we'll start to get it's always hard to tell with the flows when there's so many grayscale outflows because you don't know how much is really leaving, how much is just being put into other, ETFs. The 1st day, there was, like, this big Bitwise I think it was Bitwise.
There's, like, a big Bitwise Bitcoin outflow, big Ethereum inflow. So, you know, it kinda looks like maybe there's some rebalancing. People just wanna get exposure to if the rule is, like, you want 1% of your portfolio in crypto and it was all Bitcoin, and now ETH is here, you know, you might just wanna market cap weighted. And so maybe there's, like, some of that rebalancing going on. But, Yeah.
I feel like it's been pretty, all things considered, kind of kind of like a nonevent. Obviously, it's not a nonevent, but, all the macro stuff
Jan: is kind of down.
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