Global #Bitcoin dominance

A historic shift has occurred in the cryptocurrency market as Ethereum ETFs have surpassed Bitcoin ETFs in terms of daily inflows for the first time.

In the past three weeks, the cryptocurrency market has experienced a remarkable surge, with the total market capitalization rising from $1.828 trillion to $2.261 trillion—a nearly 20% increase.

On September 16, Bitcoin dominance surged to 58%, marking its highest level since April 2021. This milestone comes after a prolonged period of gradual increase in Bitcoin's market share, highlighting a significant shift in the cryptocurrency landscape.

While the long-awaited approval of an Ethereum (ETH) exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) is a positive development for the cryptocurrency industry, industry experts caution that it does not necessarily signal a wave of crypto ETF approvals in the near future.