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Trx exceeds 10% in the middle of Justin Sun Tweet, US Bitcoin Funds Reverse trend with massive tributaries, 21 shares to start Polkadot ETF

  • Tron rose by 10%after the founder Justin Sun had announced plans for the integration of TRX into the Solana ecosystem.
  • In the meantime, US -Spot -Bitcoin -ETFS showed encouraging signs of 274.6 million US dollars of net inflows.
  • Nasdaq submitted a 19b-4 for a 21-shares polkadot ETF and added the growing list of Altcoin ETF applications.
  • The analyst of Bloomberg ETF, James Seyffart, believes that Litecoin and Dogecoin are the most likely candidates for the approval of ETF.

The crypto prices remain on an unclear trajectory for the time being, with Bitcoin (BTC) currently falling to $ 82,833 ($ 130,209) to 0.4% on the 24-hour period. Most other cryptocurrencies are also slightly in the red, with only Ethereum (ETH) and Tron (TRX) in the green, 1.8% or 10%.

When the founder of Tron, Justin Sun, gave an announcement that Trx will soon be integrated into the Solana ecosystem.

This is the departure of Suns earlier statements when he wanted to set up Tron as a “Solana killer” and turn him into one of the three greatest cryptos by 2027.

Read too: The Australian trading platform Swyftx acquires the largest crypto exchange of New Zealand

ETFs see $ 274 million for one-day inflows

While other coins did not gather as strongly as Tron, another market indicator is temporarily optimistic: American spot Exchange-Traded Funds (ETFs) have started to achieve formal inflows.

It seems that these funds, now a measure of the success of Bitcoin through institutional introduction, is their drains.

As already reported, the US ETFs have had continuing net drains in the past few weeks, with only a few days in the blacks and on most days with hundreds of millions of net drains.

Monday was a cautious reversal – the first instance of successive net inflows for these ETFs since February. On the day, net inflows of 274.6 million US dollars (431.8 million AU $) were created, while data is not yet fully available for Tuesday.

Spot Bitcoin ETF Flows, Source: Bitbo

However, Ethereum ETFs did not enjoy the same success, has been bleeding for nine consecutive days and lost together with $ 306 million (481.1 million Au $).

However, Altcins ETFs are still a relevant topic, since a current survey of 350 institutional investors was found by Coinbase and Ey-Partenon. They said that the majority of respondents who hold crypto do this about ETFs and many plan to buy other Altcoin ETFs if they receive approval.

Polkadot receives the second ETF

In the meantime, Polkadot (DOT) is the latest in the long list of old coins to attract the attention of the asset manager. Nasdaq has just submitted a 19b-4 for a 21-shares polkadot ETF after an S-1 submission.

Greyscale also has an application for a polkadot ETF in the course, and there are several other applications for ETFs – including XRP, Doonecoin, Solana, Avalanche, Hbar, Cardano and Litecoin, to name just a few.

Read too: XRP is 15%if Ripple extends the range, crypto sorody trademarks

The analyst of Bloomberg ETF, James Seyffart, recently said in an interview that they believe that the opportunities for approval for these funds are over 50%.

He noted that Litecoin is the most likely candidate (based on his status as a digital silver and similarity to Bitcoin) and Dogecoin (because of his mechanism of evidence).