On May 29, BlackRock Inc. filed its amended S-1 for Ether ETFs to expand its digital assets journey in the US market with spot ETH ETFs.
This will lead to trading of ETH ETFs on the exchange which will lead to a major volatility in the crypto markets. With more capital flowing into the crypto markets, it may take the total market capital above $3 T by year end (if things go swift).
The recent volume at the time of writing this article stays at $80.53 B & the dominance of #bitcoin stays at ~53% with an overall crypto market cap of $2.55 T.
