Bitcoin ETF: the worst July in history, while
$ETH outperforms it
Spot ETFs in the US (
$BTC ) add up to just $205M net in July, the lowest monthly total since they have existed. Those of
$ETH have already captured $343M in the month, and the ETH/BTC pair rises 11% (CoinDesk, SoSoValue, Yahoo Finance).
In the background, the 30-year Treasury bond hits its highest level since 2007, weighing on the entire risk market.
Is there a real rotation toward
$ETH , or was it just a weak month for
$BTC ? 👇
#US30YearYieldClimbsToNear5 #ETF #Ethereum