Ethereum

Cryptocurrency

Equal

James

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 <p class="paragraph">Despite going through an extended crypto bear market, the most recent approvals and launches of multiple Ether Futures ETFs have boosted institutional investors’ interest in the second-largest cryptocurrency by market cap: Ethereum (ETH).</p>
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 <p class="paragraph">On October 2, six Ether Futures financial products started to be officially traded. They are, as follows, with their respective net expense ratios, according to <em>CNBC</em>:</p>
 <ul>
  <li>BitWise Ethereum Strategy ETF (AETH), 0.85%</li>
  <li>Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), 0.85%</li>
  <li>ProShares Ether Strategy ETF (EETH), 0.95%</li>
  <li>ProShares Bitcoin &amp; Ether Equal Weight Strategy ETF (BETE), 0.95%</li>
  <li>Bitcoin &amp; Ether Market Cap Weight Strategy ETF (BETH), 0.95%</li>
  <li>VanEck Ethereum Strategy ETF (EFUT), 0.66%</li>
 </ul>
 <p class="paragraph">In this context, James Butterfill — Head of Research at <em>CoinShares Co.</em> — reported an institutional inflow of $13 million in Ethereum products by October 4, being the first net-positive week in a seven-week run.</p>
 <p class="paragraph">Notably, Butterfill said that this current inflow could not be compared to the $200 million of institutional <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a>’ capital inflow for Bitcoin (BTC) during the launch of the Bitcoin Futures ETF by ProShares in 2021, which can be explained by the current bearish <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cycle, in opposed to 2021’s euphoric bull <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>.</p>
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    <p lang="en" dir="ltr">Following the launch of various futures based Ethereum ETF launches in the US, we have seen US$13m of inflows so far this week, breaking a 7 week run of outflows.<br><br>It is well below the US$200m in the first day for futures based Bitcoin ETFs in the US. But then, we aren't in the… pic.twitter.com/PafFR2h3G8</p>— James Butterfill (@jbutterfill) October 4, 2023
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 <h2 class="wp-block-heading" id="h-institutional-investors-flows-amid-an-extended-bear-market">Institutional investors’ flows amid an extended bear market</h2>
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 <p class="paragraph">Nevertheless, the extended bear <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> is still visible among institutional <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a>’ money flow. <em>CoinShares</em> data shows 24 weeks of net-negative flows (outflows), out of 39 weeks total (61.5%), since 2022.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="688" src="https://cdn.thebittimes.com/images/2023/10/05/7e24d7b7414fbd4a1882a2463583db95.webp" alt class="wp-image-131364" srcset="https://cdn.thebittimes.com/images/2023/10/05/7e24d7b7414fbd4a1882a2463583db95.webp 1024w, https://cdn.thebittimes.com/images/2023/10/05/7e24d7b7414fbd4a1882a2463583db95.webp 300w, https://cdn.thebittimes.com/images/2023/10/05/7e24d7b7414fbd4a1882a2463583db95.webp 768w, https://cdn.thebittimes.com/images/2023/10/05/7e24d7b7414fbd4a1882a2463583db95.webp 1072w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Weekly Crypto Asset Flows (US$m) — 2022-2023. Source: <em>CoinShares</em>
  </figcaption>
 </figure>
 <p class="paragraph">As of October 4, Ethereum alone saw a $101 million outflow year-to-date (YTD), while Bitcoin had a $219 million inflow in the same time frame. However, weekly and month-to-date (MTD) flows are very similar for both assets, with $16.4 million and $12.9 million inflows for BTC and ETH, respectively.</p>
 <figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="553" height="416" src="https://cdn.thebittimes.com/images/2023/10/05/3590d0c04f8d3152a79f52eb5b033d18.webp" alt class="wp-image-131365" srcset="https://cdn.thebittimes.com/images/2023/10/05/3590d0c04f8d3152a79f52eb5b033d18.webp 553w, https://cdn.thebittimes.com/images/2023/10/05/3590d0c04f8d3152a79f52eb5b033d18.webp 300w" sizes="(max-width: 553px) 100vw, 553px">
  <figcaption class="wp-element-caption">
   Flows by Asset (US$m) in October. Source: <em>James Butterfill</em>
  </figcaption>
 </figure>
 <p class="paragraph">Interestingly, Solana (SOL) was the leading asset in institutional <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a>’ inflow for the first week of October, considering the data shared by James Butterfill, with $22.7 million of net capital being put into Solana’s financial products — creating a good opportunity for SOL <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a>.</p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/institutional-investors-bet-big-on-ethereum-despite-bear-market-tbt65220.html">https://thebittimes.com/institutional-investors-bet-big-on-ethereum-despite-bear-market-tbt65220.html</a></p>

Institutional investors bet big on Ethereum despite bear market

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