According to the expert, Ethereum showed impressive results due to the growth of the network’s popularity, which is fundamentally distinguished by this blockchain from bitcoin.
The broadcast completed July with the best monthly result in three years, the growth of quotations was 56%, closely approaching $ 3900. In turn, spot ETH–ETF Also demonstrated impressive dynamics. From July 3 to 9, funds were able to attract over $ 5.37 billion, Bloomberg analyst said.
If in the near future in the United States for spot ETH–ETF Steering will be approved, this will completely change the market and become a monumental structural shift in the intake of large capital, the expert believes. According to Balchunas, exchange products based on the air have every chance to compete with a spotto bitcoin-ETFdue to which investors will be able to receive much more income from the shares of these funds.
Earlier, the head of the Standard Chartered digital assets department, Jeoffrey Kendrick, suggested that large companies accumulating the broadcast as a strategic asset could buy up to 10% of the general offer of the coin on the market.
Source: Bits
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