Global Ether ETPs Outperformed Bitcoin ETPs Over the Past Week
Global ethereum exchange-traded products (ETPs) outperformed bitcoin ETPs over the past week ahead of the expected launch of the first U.S.-based ethereum spot ETF on July 2. The data showed four consecutive weeks of net inflows into ethereum ETPs, totaling 86,472 ETH, compared to net outflows of 12,523 BTC from bitcoin ETPs.Bitwise's chief investment officer Matt Hougan noted that investors should consider diversifying their allocations and adding ethereum spot ETFs to capture more blockchain use cases. Eight firms, including BlackRock and Fidelity, are expected to push the listing application for the Ether Spot ETF through final approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Kashkari: Does not support last month's rate cut, remains cautious about the December decision
The US Dollar Index (DXY) falls below 99, marking its first time since October 30.
European officials consider pooling dollars to reduce reliance on the Federal Reserve
Fed's Kashkari: Economic resilience suggests rate cuts should be paused in October
Trending news
MoreCrypto prices
More
