In the last seven days, ETH has decreased by over 4%, but the newly launched Ethereum ETF doesn’t seem to have affected the price much. This lackluster price action in ETH has pushed investors to DTX Exchange and Shiba Inu (SHIB).

After the launch, the DTX Exchange has already doubled and is currently trading at $0.04; according to reports, it is going to launch at $0.12, so there is much more room left for growth. Shiba Inu (SHIB), after bottoming on 5 July, moved around 50% but now has retraced half of it.

Demand Cooling Off In Ethereum ETFs

Spot Ethereum ETFs saw strong trading volume on their third day in the market, but demand is cooling off after a hot start. On their second day, Ethereum ETFs experienced $133.16 million in net outflows, mainly due to significant sell pressure on Grayscale Ethereum Trust (ETHE). While the “new eight” Ethereum ETFs had a net inflow of $193.69 million, ETHE’s massive $326.86 million outflow overshadowed their gains.

On Thursday, the cumulative trading volume among these funds was around $850 million, according to Yahoo Finance. This follows trading volumes of over $1.05 billion on Tuesday and more than $950 million on Wednesday.

Rob Mitchnick, BlackRock’s head of digital assets, mentioned that the SEC isn’t open to discussing issuers staking ETH, as they’ve already made their position clear. In response, Ethereum ETF issuers removed any references to staking from their applications after reports indicated the SEC’s discomfort with the idea.

Shiba Inu (SHIB) Alerts Users of Potential Scam

A Shiba Inu (SHIB) community-based scam alert channel is warning people about fake job ads that can empty their wallets. As Shiba Inu (SHIB)popularity rises, more scammers are trying to take advantage of unsuspecting individuals.

Shiba Inu (SHIB) ShibArmy Scam Alerts has issued a warning about these fake job offers. The scam involves three steps: scammers send a fake job offer, trick victims into downloading malicious software and a browser extension, and then drain cryptocurrencies, including Shiba Inu (SHIB), from the victims’ wallets.

DTX Exchange Leading Even In The Market Correction

As Ethereum ETF demand cools off, ETH investors are looking for diversification, and DTX Exchange stands out as an attractive option. Its focus on transparency, security, and efficiency draws the crypto community’s attention.

DTX Exchange uses a hybrid model of distributed liquidity pools, gathering liquidity from various sources to create a smoother trading environment and reduce slippage. This approach blends the security and privacy of decentralized exchanges with the enhanced liquidity of centralized options.

The core of the DTX protocol is its blockchain-powered smart contracts, which ensure secure and precise trade execution by enforcing platform rules. Users can trust these automated programs for a dependable trading experience, knowing their trades will go through as intended.

DTX Exchange also offers innovative features, including a groundbreaking 1000x leverage option without any Know Your Customer (KYC) requirements. This appeals to experienced traders seeking higher returns while bypassing traditional KYC procedures.

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