The month of July was quite active in the world of crypto. According to the data released by CoinShares, a total investment inflow of 11.2 billion dollars was made into Bitcoin and Ethereum-based exchange-traded funds before the end of the month (ETF), reaching the highest monthly level of all time. Although the final data will be announced at the end of the month, this situation shows that the interest of large investors in cryptoassets continues.


The demand for Ethereum ETFs is particularly noteworthy. Last week, it was reported that there was a new investment inflow of 1.6 billion dollars into Ethereum ETFs. With this development, a total of 7.8 billion dollars has been allocated to Ethereum funds since the beginning of the year. The Ethereum ETFs launched last year traded for only five months in their first year.
An analysis conducted by QCP Capital also reveals that the total market value of Ethereum is still around one-fifth of Bitcoin's. Therefore, relatively small institutional fund inflows can lead to significant fluctuations in the ETH price.
BTC1.38%
ETH0.18%
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AytacV123vip
· 07-31 16:44
1000x Vibes 🤑
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Discoveryvip
· 07-30 13:26
thank you for the beautiful information 🥰🥰
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