According to Coinglass data, starting from July 8, the ETH ETF has broken the curse, skyrocketing from an initial daily trading volume of tens of millions to over 200 million in an instant, and it continues to multiply even today!
Among them, BlackRock's ETHA continues to be the leading player, with a staggering daily purchase volume of 547 million, while the daily purchase volume for the BTC ETF has decreased. This behavior is clearly signaling to everyone that the world's largest institutions are starting to focus on ETH.
The situation is different from before. Previously, when ETH surged, institutions did not show this level of enthusiasm. Now, BlackRock is buying aggressively, which firstly indicates that institutions have strong confidence, and secondly, retail investors are gradually recognizing ETH. This time's price increase is something everyone can really look forward to.
Note: The price of BTC has steadily risen since the beginning of 2024 after the ETF approval from BlackRock (buying from 50,000 up to now 120,000), so now the focus has shifted towards ETH, everyone should be aware of this.
Hold onto your chips, don't easily let go. Any pullback is an opportunity for everyone to get on board. This time, the increase will exceed everyone's expectations!!! Since early July, I've been bullish, and you will definitely see great results. #ETH🔥🔥🔥🔥🔥🔥 $ETH
