The Bitcoin price rose above $64,000 earlier today and later touched $65,000 in futures. Later, all eyes turned to the Ethereum price, and it was seen that Ethereum also exceeded the $2,700 level for the first time in a long time. While all this was happening, there was an upward dominance in the back wing of the market. After the rise, all eyes turned to ETFs on the last trading day of Wall Street. So what happened with ETFs?
Latest Situation in ETFs
Spot Bitcoin and Ethereum ETFs, which were announced by Lookonchain on Friday, August 23 important data According to the announced data, Fidelity surpassed BlackRock in terms of Ethereum inflows that day and topped the list. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
BlackRock leadership in this process To Fidelity Lookonchain was negative on Friday, with net flows into nine spot Ethereum ETFs at -4,972 ETH at the end of the trading session. This was driven by Grayscale, which sent the Ethereum Trust into the negative after massive outflows of 11,885 ETH, worth $31.61 million.
When looking at the ETF fund right now, there is a huge amount of Ethereum of 1,830,266 ETH, worth approximately $ 5 billion. When examined in general, it was seen that there was an outflow of 61,901 ETH on the Grascale side last week.
As for inflows, the biggest growth came from the Fidelity Ethereum Fund, where 5,500 ETH flowed into the fund, increasing the total amount by 11,250 ETH over the past week.
BlackRock’s iShares Ethereum Trust saw zero inflows. Grayscale Ethereum Mini Trust While there was an increase of 1,602 ETH on the side, there was an outflow of 189 ETH on the Invesco Galaxy Ethereum ETF side, and the situation was no different from BlackRock in the remaining ETFs.
How Many Dollars is Ethereum?
While the entries and exits in the market yesterday were like this Jerome Powell His speech warmed up the atmosphere and the Ethereum price was seen to increase visibly. After the rise that started yesterday evening, it was reflected in the charts that the ETH price exceeded $ 2,700.
ETH As of writing time, its price is at $2,770 after a 4% increase in the last 24 hours. This rise in ETH also increased its market volume, and it was seen that it exceeded $330 billion again and settled at $333 billion.
The trading volume increased in parallel with the price increase. After this 38% increase, the value was realized as 16.1 billion dollars and showed investor interest.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
