Ethereum

Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin (BTC) and Ethereum (ETH) ETFs see increased trading volumes amidst market volatility.</li> 
 <li>BlackRock and Nasdaq propose options trading for Ethereum ETFs.</li> 
</ul>  
<p>The past month has seen heightened volatility in the cryptocurrency markets, with <a href="https://coineagle.com/price/bitcoin/">Bitcoin (BTC)</a> and altcoins experiencing significant declines. Despite this, the trading volume for Bitcoin ETFs has surged, doubling amidst the market downturn.</p> 
<h2 id="btc-etf-trading-volume-soars">BTC ETF Trading Volume Soars</h2> 
<p>During the market crash, Bitcoin ETFs saw a surge in trading volume, reaching over $5.7 billion. This increase came as a result of 48 hours of intense market volatility. Data from Coinglass indicates that ETF outflows have remained steady over the same period, at a moderate $84.1 million. The net assets, meanwhile, remain at $48 billion, suggesting a positive market response to ETFs amidst the uncertainty surrounding crypto tokens.</p> 
<h2 id="recovery-of-btc-and-eth-etfs">Recovery of BTC and ETH ETFs</h2> 
<p>Ethereum ETFs, which were launched last month, reported substantial outflows, impacting <a href="https://coineagle.com/price/ethereum/">Ethereum (ETH)</a> prices. These outflows reached over $2 billion, raising concerns about the ability of Ethereum ETFs to compete with Bitcoin ETFs. Similarly, Bitcoin ETF outflows hit a six-month high. However, over the last 24 hours, Bitcoin ETFs have seen a record high in trading volume, surpassing $1.3 billion.</p> 
<p>Despite the recent market downturn, BTC and ETH prices have shown signs of recovery. Bitcoin fell below $50k, a two-month low, while Ethereum hit a low of $2116. This decline was largely due to increased crypto liquidations following a crash in global stocks. However, ETF holders largely held their positions during this downturn, contributing to a recovery in BTC and ETH prices.</p> 
<h2 id="blackrock-and-nasdaq-propose-ethereum-etf-options">BlackRock and Nasdaq Propose Ethereum ETF Options</h2> 
<p>Adding to the positive news for Ethereum ETFs, BlackRock and Nasdaq have proposed adding options to Ethereum ETFs. The firms have submitted a filing to the SEC, suggesting a rule change that would allow options trading of the iShares Ethereum Trust (ETHA). This move comes just three weeks after the launch of Ethereum ETFs and could provide investors with a lower-cost tool for gaining exposure to Ethereum.</p>

Crypto ETFs Witness Historic Trading Volumes in Market Revival

Table of Contents

CoinEagle.com

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