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Ethereum ETFs, the latest crypto asset on Wall Street, had an impressive debut with a collective trading volume of $1 billion. This is about 21% of BTC ETFs’ $4.66 billion volume on their first day of trading back in January. All in all, this new investment product exceeded initial expectations. On the crypto market side, Shiba Inu (SHIB) picks up steam, gearing up for its next jump.
At the same time, whales seem to be showing quite a keen interest in DTX Exchange (DTX), a new player at the intersection of TradFi and DeFi. Its novelty, not to mention its significant upside potential, makes it a favorite among both retailers and large-volume investors.
DTX Exchange (DTX) is the latest sensation in the ICO world, standing head and shoulders above most emerging cryptocurrencies. It is a favorite for several reasons, from its intriguing blend of traditional and decentralized finance to its substantial growth prospects.
Navigating largely uncharted waters, it aims to transform the 10-billion-dollar global trading market by integrating the best elements from centralized and decentralized exchanges. This hybrid model promises a seamless and intuitive user experience while maintaining DEX’s security and privacy benefits.
As it races toward adoption, whales’ massive interest is as clear as day. In round 2 of the ICO, an astounding $1.1 million has been raised, with a token priced at just $0.04. Given the impending wave of adoption, industry experts are confident of a significant 50x rally after its market debut.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization after Bitcoin, was recently wrapped in exchange-traded funds. After the go-ahead from the SEC, trading began on July 23rd and it couldn’t have had a more impressive debut.
The nine spot Ether ETFs concluded with a strong volume on the first day of trading—over $1 billion. Of the new funds, BlackRock’s iShares Ethereum Trust (ETHA) leads the pack with a $240 million trading volume, followed by Fidelity Ethereum Fund’s (FETH) $136 million.
Compared to BTC ETFs’ $4.66 billion trading volume on their first day of trading, Ethereum ETFs managed about 21%. At the time of writing, the Ethereum price is around $3,500, with a new peak anticipated in the coming weeks.
Shiba Inu (SHIB), the leading dog-themed memecoin on the DeFi powerhouse Ethereum, is among the altcoins to watch this week. A buying frenzy is in full swing, sparked by whales' growing interest and a spike in token burn rate. The Shiba Inu price is on the upside as a result, with sights set on further gains.
According to a popular Shiba Inu price prediction, the dog-inspired cryptocurrency will outperform other memes in August. The exposure from Ether ETFs is expected to ignite huge interest, along with rekindled confidence in memecoins.
With the coming days and weeks promising to be exciting, the Shiba Inu coin is one to keep on the radar. Moreover, at its current price, it offers a good entry point, which makes it a retail favorite.
It has been an exciting week as Ethereum ETFs go live, recording over $1 billion on day one of trading. At the same time, Shiba Inu picks up momentum, with sights set on further gains, while DTX Exchange captures whale attention. This new altcoin stands at the intersection of TradFi and DEX and boasts huge growth prospects—a must-have coin.
Visit the official DTX Exchange (DTX) website for the latest updates and information.
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