In 2021, there was a tremendous surge in interest in Ethereum as institutional investors discovered the world of Ethereum. It represents a large ecosystem with numerous smart contracts on Ethereum, which is called the finance of the future.
Ethereum, which institutional investors consider as an alternative to Bitcoin, acts as a gateway to decentralized finance.
In the “Digital Asset Management Review” report prepared by CryptoCompare for September, it was seen that Ethereum came to the fore.
According to the report, Ethereum-based products reached the highest market share in September.
The Grayscale Ethereum Trust fund (ETHE) reached a daily average of $250 million in trading volume, a 29% increase from August. This chart made ETH the most traded digital asset in the past month.
The report stated that the trading volume of ETH exceeded the trading volume of the Grayscale Bitcoin fund for the first time.
It was emphasized that even as the total value of assets under Grayscale’s management fell, interest in Ethereum products was high.
*Not Investment Advice.