On August 11, the capital inflow into Ethereum-#ETF , issued by American companies, exceeded $1 billion for the first time in history.
According to the platform #Sosovalue , on Monday the market capitalization of nine derivatives based on $ETH increased by $1.02 billion, reaching $25.71 billion. In total, since the listing of the first Ethereum ETF, approved on July 23, 2024, $10.83 billion has been invested in the funds.
Ethereum ETF Statistics
Bitcoin ETFs experienced much lower demand. On August 11, they managed to attract only $178.15 million. This fact clearly indicates the continuation of the altcoin season, during which traders' focus shifts from BTC to ETH and other digital assets. For this reason, a powerful bullish trend has been observed in the markets of BNB (BNB), Dogecoin ($DOGE ) and Chainlink ($LINK ). At the same time, it is important to note that ETH ETFs are still nowhere near competing with the market capitalization of BTC ETFs, which stands at $154.42 billion.
Over the past month, Bitcoin has risen by 1.32%, while Ethereum has increased by 46.07%. In the medium term, ETH is likely to continue to outpace BTC in terms of growth rate due to a more substantial influx of capital from institutional investors. The fact that the price of Bitcoin has fallen below $120,000 indicates a decrease in the coin's value to $115,000. Meanwhile, the price of Ethereum, which has stabilized above $4,200, may rise to $4,500.#Эфириум #ETHETFsApproved #Dogecoin 
