Recent developments in the crypto money market, Bitcoin $117,555.45 and Ethereum 
$4,405.37 It points to a remarkable increase in the transaction volume of ETFs. Bitcoin and Ethereum’s total transaction volume through ETFs reached $ 11.5 billion yesterday. This figure was almost equal to the transaction volume of the Apple shares of that day.
Corporate interests and explanations of organizations
On the Ethereum side, corporate interest is rapidly increasing. Neos’s new “high -income” ETF, which has been applied, has recently revealed that corporate investors have turned to Ethereum. However, Bitcoin is still ahead of transaction volume and corporate participation.
According to the evaluations, the performance of Bitcoin and Ethereum -based products is very positive. Although some decline in June and July has occurred, the latest statistics tend to recover in the market. Bloomberg ETF analyst Eric Balchunas made the following assessment:
Spot Ether and Bitcoin ETFs traded 11.5 billion dollars yesterday. To compare, this amount is almost the same as the Apple shares of that day.
Increased investment in Ethereum and new records
In recent weeks, some researchers have argued that corporate treasures are a better investment tool than crypto ETFs. However, the interests and investments in Ethereum ETFs continued unabated. In July, Ethereum ETFs passed the entrances of Bitcoin products for a short time. This paved the way for large -scale corporate investments.
Spot Ethereum ETFs, this week reached historical trading volumes and recorded an input of about $ 3 billion in four days. Neos’s “high -income” ETHERUM ETF application is said to be economically possible only thanks to these high fund inputs. Ethereum, as a price approaching the historical summit, led to expectations that it could start a new season in the markets.
Bitcoin’s market domination continues
Although Ethereum ETFs have come to the fore in recent days, Bitcoin ETFs continue to have a great share in the transaction volume. Blackrock’s IBIT product is the largest 20th ETF in the US market. Bitcoin ETFs have been supported by strong corporate investments for about a year.
In traditional financial circles, interest in Bitcoin ETFs is increasing. While Harvard University invests in IBIT, new countries are implementing Bitcoin ETFs. In addition, some government funds in Wells Fargo and Abu Dhabi announced that they have made significant investments in this field.
In summary, Bitcoin and Ethereum ETFs have recently been preferred by investors. While Ethereum stands out with its rapid growth, Bitcoin still continues to be the first option for investors. These developments create an optimistic atmosphere throughout the crypto market and new products are expected to be added to the market in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
