Crypto Blog
October witnessed significant advancements in the industry owing to the launch of six ETH Futures ETFs, offering investors a chance to delve into Ether futures. Bitcoin responded positively to the developments. Further gains were fueled by speculations about BlackRock’s application approval of a spot BTC ETF in the United States.
Ethereum-based products, however, witnessed a decrease despite the introduction of new ETFs. These products collectively experienced a 5,45% decline, lowering their AUM to $6,35 billion, and their market share dropped to 20.1%. This marks a down from 22.6% in September. In October, the average daily combined trading volumes of digital asset investment products exhibited a significant upswing, soaring by 44.3% to reach $230 million. This surge underscored the optimism among market participants regarding ETF approvals.
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