Ethereum ETF Investments Reach Record High
On August 11, capital inflow into эфириум-ETF, issued by American companies, exceeded $1 billion for the first time in history.
According to the SoSoValue platform, the capitalization level of nine ETH-based derivatives increased by $1,02 billion on Monday to reach $25,71 billion. In total, since the listing of the first эфириум-ETF, approved on July 23, 2024, the funds invested $10,83 billion.
Statistics эфириум-ETF
Bitcoin ETF were in much lower demand. On August 11, they managed to attract only $178,15 million. This fact clearly indicates the continuation of the altcoin season, during which the focus of traders shifts from BTC to ETH and other digital assets. For this reason, a strong bullish trend began to be observed in the BNB (BNB) markets, Dogecoin (DOGE) and chainlink (LINK). It should be noted that ETH-ETF can’t even come close to competing with BTC in terms of capitalization yetETF, amounting to $154,42 billion.
Over the last month Bitcoin rose in price by 1,32%, and эфириум – by 46,07%. In the medium term, ETH is likely to continue to outpace BTC in terms of rate growth due to a more impressive volume of capital inflow from institutions. The fact that the price of Bitcoin has fallen below $120,000 indicates a drop in the coin’s value to $115,000. Meanwhile, the Ethereum rate, which has consolidated above the $4,200 mark, may rise to $4,500.
