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Ethereum Shows Growth in ETF Investments, Outpacing Bitcoin

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by Giorgi Kostiuk

4 hours ago

Michael Twerpin, a recognized expert in the crypto space, commented on the current market situation, highlighting Ethereum's growth and Bitcoin's price decline.

Surge in Ethereum ETF Investments

Twerpin highlighted the significant rise in investments in Ethereum ETFs, which reached a record $1 billion on August 11. Currently, Ethereum's price exceeds $4,200.

Bitcoin ETFs Reach New Heights

According to CryptoQuant, Bitcoin ETFs have reached a historic maximum, holding 1.25 million BTC, which is the highest recorded amount. This milestone has been driven by major ETFs like BlackRock's IBIT and Fidelity's FBTC.

Comparison of Ethereum and Bitcoin

Twerpin noted that Bitcoin is consolidating while Ethereum is demonstrating growth through investment inflows. He characterized this as 'textbook cycle rotation dynamics,' believing that financial institutions are anticipating further growth for Ethereum.

Michael Twerpin's statements highlight a shift in dynamics between Bitcoin and Ethereum, indicating potential changes in leadership in the cryptocurrency market.

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