ETF analyst has registered the strongest week of the volume of trading collected so far, according to ETF analyst.
“The largest week ever for them, thanks to ETHE ETFS ascend He said In the post on Friday.
Balunas says ETHER ETFS was “sleeping” for 11 months.
“The weekly volume of Eter Etfs was about $ 17 ml, as he bombed the record, and Man woke up in July,” Balunas said.
It came in the same week Bitcoin (BTCIt reached the highest new level ever at $ 124,000 on Thursday, while Al -Atheer (EthI got close to restoring the highest level in November 2021 at 4,878 dollars on the same day, reaching $ 4,784 – only 1.94 % – According to To Coinmarketcap.
Since Thursday, Bitcoin decreased by 5.52 % of its highest level ever, as it was traded at $ 117,659, while ETHER decreased by 6.20 % of the highest level on Thursday, and traded at $ 4,486.
However, the founder of commercial capital, Michael Van de Bob He said“There is a more way in this course.”
Ether etfs takes a sharp turn
On Monday, ETHer ETHER boxes recorded the largest day of clear flows ever, with flows across All funds totaling $ 1.01 billion. During the first two weeks of August, they registered More than 3 billion dollars in net flows A sign of their monthly performance is the second most monthly performance so far.
Balchunas said that it was as if Eter ETFS was “sleeping” over the past 11 months and “after that cramming” from activity for one year until six weeks.
While there was excitement before its launch in July 2024, ETHER ETFS initially witnessed a dull request, which sparked speculation that Wall Street had not yet found a clear use of the original.
Related to: Ether bull science targets 6 thousand dollars, as the ETH width on stock exchanges decreased to 12 %
Meanwhile, Bitcoin’s Investment Funds reached 73,679 dollars, just two months after its launch in January 2024.
Analysts now draw similarities between the recent price increase in ETHER and Bitcoin’s Post-EETF.
“This step is similar to Launch BTC ETF, Matthew Van de Bobby said, Adding“The circulating investment funds have a tremendous impact, and there is a lot to come to altcoins.”
However, some analysts warn that investors should be patient before the ether reaches the highest new level ever.
Nansen analyst Jake Kennis said in the comments Common with CointeleGRAPH that the highest new level ever for the ether may be weeks or months away, although Eth is currently sitting a few hundred dollars only from a new record price.
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