“Bitcoin-ETF is dominated on the cryptocurrency market. Bitcoin-ETFs were approved by SEC in January 2024. Since then, they have been having a great success among investors. They now account for a considerable part of the daily volume of bits in the bitcoin market. Key points in this article: from the moment of their approval SEC, bitcoin-ETF has dominated the cryptocurrency market, generating impressive daily volume. ETF Ethereum surpassed ETF Bitcoin […]”, – WRITE: Businessua.com.ua
Bitcoin-ETF is dominated by cryptocurrency market. Bitcoin-ETFs were approved by SEC in January 2024. Since then, they have been having a great success among investors. They now account for a considerable part of the daily volume of bits in the bitcoin market.
The key points of this article:
- Since their approval, the Bitcoin-ETF has been dominated by the cryptocurrency market, generating impressive daily volume.
- ETF Ethereum has exceeded the ETF Bitcoin thanks to rapid growth and significant clean tributaries.
Bitcoin-ETF dominates the BTC market More than a year after their approval, Bitcoin-ETF continue to attract investors.
They even became a significant source of daily volume in the BTC market . Indeed, according to Cryptoquant collected, American etf on bitcoin regularly generate 5 to $ 10 billion in daily volume .
Thus, these stock exchange funds make up a large part of the total bits in the bitcoin market.
Moreover, this volume sometimes exceeds the volume of the main platforms of cryptocurrency exchange such as Coinbase or Kraken.
According to Coinglass data, the average daily volume of ETF bitcoin bidding is near $ 7 billion compared to approximately 4 billion dollars for Coinbase and 3 billion dollars for kraken .
Only Binance manages to surpass ETF with an average daily volume in $ 12 billion .
Eth etf follows trend Meanwhile, Eth etf approved last May follow the same trend by fixing a pure influx of $ 4 billion in September .
According to Coinglass data, in the last four days ETF Ethereum recorded a total a pure influx of $ 1.24 billion which is more than twice the pure inflow to ETF Bitcoin over the same period.
Meanwhile, etf bitcoin in the last four days have received a total a pure influx of $ 571.6 million .
ETF Ethereum has also grown faster than Bitcoin ETF since their launch. ETF Ethereum has reached 10 billion dollars of assets under control Only five days, while Bitcoin ETF took about two weeks to reach the same mark.
In view of this success, many observers call into question the approval of ETF Solana and Ripple. The latter even expect SEC approval.
Source: Journalducoin.com
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