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#ETH Trading Volume Surges#
IBIT — the Bitcoin ETF from BlackRock — is called "the greatest launch in stock exchange history." Last month, it became the company’s largest ETF by revenue from fees. In theory, it could even surpass Satoshi’s wallet in less than a year.
This week, the Ethereum ETF from BlackRock attracted even more funds:
Bitcoin ETFs also enjoy strong institutional support: they actively attract corporate investments. However, Ether-based products are starting to reclaim market share from them.
In recent days, the inflow of funds into BTC-ETF is slowing down due to the fact that the coin has updated its historical maximum value. At the same time, ETH-ETF continues to steadily attract funds.
Even the pauses in Ethereum's growth have not affected the trend, as corporate investments continue at a rapid pace. Most corporate investors are choosing Bitcoin. Thus, ETH remains a popular but less overheated asset, as investments from Wall Street do not fully determine the market.
With the increase in institutional investments in Ethereum, Bitcoin's dominance has decreased by more than 5% in July.