From Investing.com: 2024-05-30 08:00:25

Bitcoin maximalist Samson Mow criticizes altcoins, specifically spot Ethereum ETFs, stating “s-coins do not help Bitcoin.” Mow believes Bitcoin remains the only worthy digital currency, dismissing Ethereum’s impact on BTC models. Mow’s stance contrasts with Michael Saylor, who sees Ethereum ETF approval as beneficial for Bitcoin’s growth.

Inflows of 2,075 BTC valued at over $140.8 million were recorded for spot Bitcoin ETFs. BlackRock leads with 1,503 BTC ($102+ million), surpassing Grayscale’s holdings. Fidelity acquired 503 BTC, VanEck 206 BTC, while Grayscale experienced an outflow of 47 Bitcoin. Bitcoin’s price surged to $68,000 before settling at $67,430.

Read more at Investing.com: Crucial Negative Ethereum ETF Statement Made by Samson Mow, Here’s His Message By U.Today