Crypto ETFs Crush Apple: Bitcoin & Ethereum Trading Volumes Leave Tech Giant in the Dust
The crypto revolution isn't coming—it's already lapping traditional markets. Bitcoin and Ethereum ETFs just outpaced Apple's trading volumes, and Wall Street can't ignore the numbers.
Wake-Up Call for Traders
Forget 'safe' blue chips—digital asset ETFs are where the action is. While Apple stock chugs along like a reliable sedan, crypto funds are Formula 1 machines burning rubber past legacy assets. The volume gap tells the whole story.
Institutional Money Talks
This isn't retail FOMO. When ETF volumes eclipse the world's most valuable company, it means hedge funds and pension managers are diving in—probably while their compliance officers hyperventilate into paper bags.
Bonus Reality Check: Nothing makes finance bros scramble like missing a trend... except maybe explaining to clients why they ignored crypto—again.
Recent developments in the cryptocurrency market indicate a significant increase in the trading volume of Bitcoin
$0.000018 and Ethereum
$4,407 ETFs. The total trading volume for Bitcoin and Ethereum through ETFs reached 11.5 billion dollars yesterday, a figure almost equal to the trading volume of Apple stock on the same day.
Growing Institutional Interest and Official Statements
Institutional interest in Ethereum appears to be rapidly increasing. NEOS has filed for a new “high-yield” ETF, highlighting an institutional shift towards Ethereum. Despite this surge, Bitcoin still leads in trading volume and institutional participation. Analysts note that while there are regulatory delays in altcoin ETFs, Bitcoin and Ethereum-based products are performing positively. After some setbacks in June and July, recent statistics show a recovery trend in the market.
Increased Investment in Ethereum and New Registrations
In recent weeks, some researchers have suggested that corporate treasuries are a better investment vehicle than crypto ETFs. Nevertheless, interest and investments in Ethereum ETFs continued unabated. In July, Ethereum ETFs briefly surpassed Bitcoin product entries, paving the way for large-scale institutional investments. Spot Ethereum ETFs reached historic trading volumes this week, with approximately $3 billion in inflows over four days. NEOS’s “high-yield” Ethereum ETF application is said to be economically viable thanks to these high fund inflows. Ethereum’s price approaching its all-time high has also raised expectations of starting a new market season.
Bitcoin’s Market Dominance Persists
Although Ethereum ETFs have recently taken the spotlight, bitcoin ETFs continue to dominate in trading volume. BlackRock’s IBIT product is ranked as the 20th largest ETF in the U.S. Bitcoin ETFs have been backed by strong institutional investments for nearly a year. Interest in Bitcoin ETFs is also growing in traditional financial circles. Harvard University has invested in IBIT, while new countries are launching Bitcoin ETFs. Additionally, Wells Fargo and some state funds in Abu Dhabi have announced significant investments in this area.
In summary, Bitcoin and Ethereum ETFs have been heavily favored by investors recently. While Ethereum stands out with rapid growth, Bitcoin remains the top choice for investors. These developments create an optimistic atmosphere in the crypto market, with expectations of new products being added in the future.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.