Ethereum’s native cryptocurrency, Ethher (Eth), once again caught the attention of institutional investors and ran for two days in red. Meanwhile, Bitcoin-based financial products (BTC) have failed to recover and are continuing to register.
Yesterday, on August 5th, the US Eth -Stock Exchange Funds (ETF) won $73 million.
Since launching to the market, Over $9.1 billion in these financial products have accumulated.
in contrast, Bitcoin ETFs do not reverse negative trends And they reported a $1.96 billion outing. This already added four consecutive days of losses.
It should be noted that since its market debut, these funds have accumulated over $56.6 billion.
The excellent performance that Ethher ETFs have makes them believe that for investors this asset has more valuation power in this market cycle. This may also be related There are signs of AltSeason in trainingas reported by Cryptonoticia.
Now, the market is lifting prices to a new historic maximum after a capital turnover cycle that begins with a strong BTC impulse.
When BTC stabilizes at a high level, that is when money flows into Ethereum currency and then towards a lower capitalization project.
It is essential that they improve to maintain this dynamic Globally, macroeconomic conditions create a greater desire for risk.
