Is there any point in ETFs?

• BTC ETF

• July results: $3168.5M - a significant influx compared to June (+$666.5M). Although the price is not growing much, we see what a big difference there is in the influx in July compared to last month.

Why aren't we growing? There is only one answer: we absorb the offer from sales of Germany and Mt. Gox. If there is no further such pressure, then demand from ETFs will of course push prices up.

Of this volume of purchases, ENTIRELY $2303.3M came from BlackRock.

There are still sales from Grayscale, but they are down 30%. That is, how many months after the launch of the Grayscale cue ball ETF are still being sold, and you are surprised at the ether.

•ETH ETF

On the airwaves, of course, there is strong selling pressure from Grayscale. As a result, for the month (-$483.6M).

BlackRock remains in the lead with +$623.2M in purchases, while Grayscale's sales reached -$1,977M.

It can be seen that Ethereum ETFs take time. Sales from Grayscale will fall, and demand will only grow (we see this in the example of the BTC ETF) + advertising for the ETH ETF will only be launched.

There are a lot of thoughts about conspiracy theories about such sales from all and sundry and such strong demand from BlackRock, but that’s a completely different story.