Crucial Negative Ethereum ETF Statement Made by Samson Mow, Here’s His Message
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 30 2024- Samson Mow Criticizes Ethereum and Altcoins: Mow, a Bitcoin supporter, criticizes Ethereum and other altcoins, calling them "s-coins" and stating they do not help Bitcoin.
- Mow's Stance on Spot Ethereum ETFs: Mow believes that spot Ethereum ETFs face no demand and will not impact Bitcoin models, advising to sell ETH above 0.05 BTC.
- Mow Opposes Michael Saylor: Mow's view contradicts Michael Saylor's belief that the Ethereum ETF approval could benefit Bitcoin by attracting more investment.
- BlackRock Surpasses Grayscale in Bitcoin ETF Holdings: BlackRock acquired the largest amount of Bitcoin among spot Bitcoin ETFs, surpassing Grayscale with holdings valued at $19.59 billion.
- Bitcoin Price Movement: Bitcoin experienced a 1.35% increase to over $68,000 but later pulled back to $67,430 after the rise.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
