American list ether (Eth) Fund negotiated in exchange (ETF) D exceeded $ 1 billion in daily admissions for the first time on Monday, the second largest cryptocurrency reached its highest price for more than three and a half years.
The nine ETFs have comfortably exceeded the previous daily summit of $ 726.74 million from July 17, according to the data followed by Sosovalue.
Blackrock (BLK) Etha paved the way, recording entries of less than $ 640 million, while Feth de Fidelity was a fairly distant second with 276.9 million dollars. The cumulative entries in the funds are now at $ 10.83 billion with a total asset worth 25.71 billion dollars, which is equivalent to 4.77% of Ether’s market capitalization.
ETH increased up to $ 4,58 on Monday, its highest level since December 2021, according to Coindesk data.
Ether’s earnings have followed data that cemented expectations that the federal reserve would reduce interest rates, which makes more risky assets more attractive. The probability of a reduction of 25 base points in September is around 84%, according to the Fedwatch tool of the CME.
In addition, the American Commission for Securities and Exchange (SECOND) Finally abandoned his trial against the developer XRP Ripple, offering an additional boost to the wider Altcoin market.
Read more: the volume of ETH transactions climbs on the price rally, less expensive challenge costs
