Ethereum

Bitcoin

According to CCData, CME Ethereum (ETH) futures volumes decreased in August, while Bitcoin (BTC) volumes increased.
Speaking to Coindesk, CCData analysts said that ETH futures volume fell 28.7% to $14.8 billion in August, the lowest level since December 2023, according to the data.
While ETH experienced a decline, data showed that the volume in CME Bitcoin futures increased by 3.74% in August, reaching $104 billion.
CCData analysts stated that this decline in Ethereum is due to ETH ETFs not meeting expectations:
<blockquote>
 “This decline in Ethereum trading volumes suggests lower-than-expected institutional interest, especially following the launch of spot ETH ETFs.
 The decline in inflows into spot ETH ETFs in August further supports this trend.
 “Furthermore, seasonality effects in August may have also contributed to the decline in transaction activity, and this trend is likely to continue through the end of September.”
</blockquote>
The Ethereum price has fallen by 30% since the ETF launch.
<h2 id="money-is-shifting-from-ethereum-to-bitcoin">Money is Shifting from Ethereum to Bitcoin!</h2>
“The data shows that money is shifting from Ethereum to Bitcoin,” Jake Ostrovskis, an over-the-counter trader at Wintermute, said, citing CCData data.
“This shift towards higher-cap assets like Bitcoin signals a more conservative market sentiment, with investors showing less risk appetite and more speculative positions in smaller, more volatile cryptocurrencies,” Jake Ostrovskis said.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ethereum-eth-disappointed-investors-rushed-to-bitcoin-btc-heres-why/" rel="noopener noreferrer nofollow">Ethereum (ETH) Disappointed! Investors Rushed to Bitcoin (BTC)! Here's Why!</a>

Ethereum (ETH) Disappointed! Investors Rushed to Bitcoin (BTC)! Here's Why!

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