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On-chain data shows no signs of encryption market activity due to large-scale divestment signals from SpaceX IPO

CoinNetwork
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Crypto界网消息， despite market speculation that some retail investors might sell Bitcoin to participate in SpaceX's $75 billion IPO, on-chain data shows no signs of large-scale fund withdrawals. SpaceX's IPO is valued at approximately $1.8 trillion, with 30% of shares allocated to retail investors through platforms like Robinhood, Fidelity, and Charles Schwab, higher than the traditional IPO's 10%. On June 6, Bitcoin and Ethereum recorded net outflows from exchanges of about 66.5k BTC and 2.49 million ETH respectively, indicating investors are buying on dips rather than consolidating profits. Spot ETF fund outflows are significant; as of June 3, the US spot Bitcoin ETF experienced 13 consecutive days of net outflows totaling $4.4 billion, while the spot Ethereum ETF, after 17 days of outflows, resumed slight net inflows. SpaceX will go public on June 12 under the ticker SPCX on NASDAQ.
BTC-0.85%
ETH-2.68%
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UnderTheWisteriaBridge
· 9h ago
ETH's 2.49 million coins net outflow, it’s true that Gas fees have become cheaper.
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AMirroredSphereReflectingThe
· 9h ago
BTC ETF has outflows of 4.4 billion, but the price hasn't collapsed, indicating that institutions are also watching.
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OrigamiMountains
· 9h ago
Robinhood gives retail investors 30% of the shares—this really is fair and kind; traditional IPOs are just about cutting the leeks.
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PixelMetaverseRaccoon
· 9h ago
66.5k coins net outflow—what's that? People buying the dip are probably laughing all the way to sleep.
View OriginalReply0
Semi-MeltedIceCream
· 9h ago
Is SpaceX valued at $1.8 trillion? Musk is making more promises again
View OriginalReply0

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