#White House Crypto Report# 🔥INCREÍBLE🔥

💰Crypto ETFs had their BEST MONTH in JULY in history.
📈$12.8 BILLION have entered… at a rate of $600M daily

What happened and why is it SO important⁉️

🔹Ethereum was the BIG protagonist of the month
▪️The $ETH ETFs received their largest inflow since their inception.
▪️On the other hand, 1.6 MILLION ETH was purchased in July
▪️But the network only issued 72,263 ETH
👉ETFs bought ¡22 TIMES! more than what was issued

🔹The price of $ETH soared by +50% and is now in the #25 position of the global asset ranking.
▪️It has already surpassed giant companies like P&G, Bank of America, and Samsung
▪️What comes next? Some are already anticipating a NEW ALL-TIME HIGH for August.

🔹Regarding BTC, since BlackRock announced its BTC ETF, Bitcoin has risen +300%.
▪️The $BTC ETFs have accumulated 1.2 MILLION BTC since January 2024
▪️That represents more than 6% of the TOTAL SUPPLY

📍What we are seeing is a structural change: ETFs are absorbing the crypto supply like a sponge.