According to CCData data, the total value of cryptocurrencies held in digital products traded on exchanges and over-the-counter platforms It reached 31.7 billion dollars.
The value of cryptocurrencies under management compared to the previous month 6.74% increase showed. This issue has been published since July first monthly increase was seen.
It is thought that the expectation that the US Securities and Exchange Commission will approve spot Bitcoin exchange-traded funds (ETFs) is effective in this development. An excerpt from the CCData report is as follows:
“There were major developments in the field of digital assets in October. First, on the 2nd of the month, six futures ETFs for ETH began trading and investors gained access to ETH futures. Shortly thereafter, the price of Bitcoin rose 7.56% to $30,009 in less than an hour on rumors that BlackRock’s application would be approved.”
According to the CCData report, these and other developments affect the impact of spot Bitcoin ETFs. strengthened the expectation that it would be approved and to investors gave hope.
Market share of Bitcoin-based digital products to 73.3% and the total value of assets held in these products to $23.2 billion rose. The value of assets in Ethereum products decreased by 5.45% monthly. to $6.35 billion declined.
Products related to Solana (SOL) showed the biggest growth. month to month 74.1% The value of SOL products showing a growth for 140 million dollars output.
Solana is among the best performing cryptocurrencies this month. According to CoinGecko data, SOL price has increased within the 30-day period. up 68.6%.