The American Ethereum (ETH) stock market funds yesterday had one of their best trading days since the launch. For example, a week was put an end in style that they will not soon forget.
Every day above Bitcoin
Not only did the Ethereum spot Exchange-Traded Funds (ETFs) collected for the umpteenth week in a row Bergen in capital. They also achieved a better result every day than the funds for Bitcoin (BTC).
After the inflow at the Ethereum funds were already remarkably close to those of Bitcoin a few times, it was possible for the first time last Friday to be in control of the largest crypto coin in this area.
It turned out to be an advance on what would come. On Monday, Tuesday and Wednesday money flowed from the Bitcoin funds, but the Ethereum funds continued their success series. On Thursday and Friday, Bitcoin turned green again at the fair, but simply did Ethereum better.
Yesterday, the Ethereum ETFs collected $ 452.8 million in what their fourth best trading day ever was since the launch (last July). On Tuesday even 533.8 million dollars flowed in. This is evident from data from Farside Investors.
Over the week, $ 1,846.6 billion went to the funds. That makes it the second best week so far. Last week is in first place with $ 2,182.4 billion in flow in.
More than $ 5 billion in 16 days
Sixteen trading days in a row see the stock market products for Ethereum come in more capital than disappear. If it could stick to this for three green days, it would match his longest entry series (which ran from 16 May /m 12 June).
But when it comes to the blows, we don’t even have to grab the calculator. In the last sixteen trading days (since 3 July) no less than $ 5,085.5 billion has passed.
The enormous intake is one of the most important drivers behind the strong race performance of Ethereum. The ETH rate is currently more than 50 percent higher than a month ago. The Altcoin is currently more than 50 percent higher than a month ago, and leaves Bitcoin (+9 percent) well behind.
Source: https://newsbit.nl/ethereum-etfs-sluiten-historische-week-af-met-klapper-van-452-miljoen/
