July 8, 2020 $59.3 million worth of Bitcoin migrated to Ethereum in June.

$59.3 million worth of Bitcoin migrated from the Bitcoin network to Ethereum in June according to aggregated research from CoinDesk. Of this total, 75% moved through the Wrapped Bitcoin (WBTC) protocol with the remainder coming from other tokenized Bitcoin systems such as renBTC, Huobi BTC, imBTC, and others. The June total represents a sharp increase from prior months, with just $5.4 million and $25.9 million migrating in April and May respectively.