Glassnode co-founder states Bitcoin ETFs keep generating profits; cost base unaffected

Negentropic highlighted that, despite market fluctuations, Bitcoin ETFs continue to yield net profits. This stability indicates that the underlying cost base remains unaffected, demonstrating resilience.

He noted that while some long-term holders are offloading Bitcoin, Solana ETF inflows are steady. Altcoins have shown better performance than BTC and ETH, and the macroeconomic outlook remains neutral to bullish.

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