Ethereum Demand Reaches 3 Million in July, Reports Show

According to BlockBeats, market demand for Ethereum reached 3 million units in July. The demand was evenly split between two sources: Exchange-Traded Funds (ETFs) and Ethereum reserve companies. Among the ETFs, BlackRock accounted for 78% of the demand. In the reserve companies category, Bitmine contributed 41% and SharpLink 16%.