Ether that quotes on the US list. (Eth) Exchange quoted funds (ETF) It exceeded $ 1 billion in daily tickets for the first time on Monday when the second largest cryptocurrency reached its highest price for more than three and a half years.
The nine ETF comfortably exceeded the previous daily maximum of $ 726.74 million as of July 17, according to data tracked by Sosovalue.
Blackrock’s (Blk) Etha led the way, registering tickets of just under $ 640 million, while Fethelity’s Feth was a quite distant second with $ 276.9 million. Cumulative entries in the funds are now at $ 10.83 billion with total assets valued at $ 25.71 billion, equivalent to 4.77% of Ether’s market capitalization.
ETH increased up to $ 4,358 on Monday, its highest level since December 2021, according to Coendesk data.
Ether’s profits followed the data that consolidated the expectations of the Federal Reserve would reduce interest rates, which makes the most risky assets more attractive. The probability of a 25 basic points cut in September is 84%, according to the CME Fedwatch tool.
In addition, the US stock and values commission. UU. (SECOND) Finally, he eliminated his demand against the XRP Ripple developer, providing greater impulse to the broader Altcoin market.
Read more: The transaction volume Eth rises in the price rally, the cheapest defi costs
