Ethereum exceeds Bitcoin as ETF tickets exceeding $ 1.2 billion in the midst of market calm

Ethereum exceeds Bitcoin as ETF tickets exceeding $ 1.2 billion in the midst of market calm

In summary

  • Ethereum has won 17% during the past month, while Bitcoin fell 5.5%.
  • The ETF ETH have attracted $ 1.2 billion in tickets after the outings of mid -August.
  • Solana advanced 7% during the same period with a strong increase in Dex’s negotiation volumes, although it remains under pressure from a slider of dex merchants.

Ethereum’s ability to attract institutional attention and capital is helping to anchor the feeling of the market, even when the broader cryptography market moves in the trade in the end of summer.

The second largest cryptography has increased more than 17% in the last 30 days compared to Bitcoin’s negative return of 5.5%, as shown in Coingcko data.

Follow a record environment earlier this week, where Ethereum rose to $ 4,945, its highest price, Sunday.

“Ethereum offers a dynamic growth story,” said Xu Han, director of Liquid Fund de Hashkey Capital Decipher. The deflationary tokenomic after fusion, scalability through the adoption of layer 2 and a performance rethink model.

At the last point, the amount of Ethereum that has been deployed for the rethinking activity has continued to increase this year, reaching a record of 35,750 ETH, or approximately $ 169 million, on August 2, according to the Beaconchain data analysis platform.

Although that figure has effectively stagnated in recent weeks, structural advantages, combined with their role as the fundamental layer for defi and tokenization, continue to attract institutional entries to the funds quoted in Ethereum’s stock market, Han said.

As of August, the Bag and Securities Commission has not approved any ETHERUM ETF of the USA. Black rockThey hope that it will soon change.

Even so, the attention remains fixed on products based on the point, where ETFs of Ethereum have organized a return after weathering exits for a total of $ 237.7 million from August 15 to August 20.

As of this week, the ETFs of Ethereum have obtained more than $ 1.2 billion in tickets until Thursday, according to Sosovalue data.

In another part of the market, Solana has begun to exceed its peers with a gain of 7% scored since mid -August, coinciding with an increase of 31% in the volume DEX of Solana to $ 5.10 billion during the past week, for each Mandiler.

Although he faces his own problems with retail merchants in decentralized exchanges based in Solana that have turned the trade of speculative memes coins, which leads to a crunch in the daily count of dex merchants.

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