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The ETF momentum is reshaping the crypto market
ME News, April 28 (UTC+8): GSR launches its first ETF containing BTC, ETH, and SOL—BESO—making active adjustments to its asset allocation. Bank of America delays the implementation of the Genius Act. Bitcoin price may break through $80,000. MSTR adds 3,273 BTC. The Kelp DAO incident leads to a $130 billion evaporation of DeFi market cap. FOMC and major tech company earnings reports next week. Morgan Stanley and Goldman Sachs lead the institutional ETF wave. Spot Bitcoin ETF net assets exceed $102 billion. The Ethereum ETF records the longest 10-day inflow streak. Five factors that could drive Bitcoin above $80,000. (Source: MLion)