ETC Group, which in June launched the first bitcoin exchange-traded product (ETP) in the U.K., said the cryptocurrency generated an annualized $3 billion of revenue for miners in April.
- ETC's first report on the industry also shows transaction volumes on Ethereum increased more than 2,000% in the second quarter to $777.1 billion, up from $36.1 billion a year before, the company said.
- Volumes on the decentralized exchange surged to $283.8 billion from $3.4 billion.
- The bitcoin revenue figure is calculated from transaction fees on the network.
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