Ethereum

Crash

Bitcoin

<ul>
  
 <li>Institutional investors bought Ethereum during its price dip, leading to inflows in spot ETFs.</li>   
 <li>BlackRock’s ETHA fund led the inflows, while Grayscale’s primary ETHE fund saw outflows.</li>   
 <li>Bitcoin funds continued to record outflows, different&nbsp; with the strong inflows into Ethereum ETFs.</li> 
</ul>   
<p>Institutional investors reacted as Ethereum’s price recorded a fall, fuelling a&nbsp; rise in spot Ethereum exchange-traded fund (ETF) inflows. This bullish activity stands in contrast to Bitcoin funds, which did not show the same level of buying interest.</p>   
<h2 class="wp-block-heading" id="h-institutional-investors-drive-major-inflows-into-ethereum-etfs-amid-price-dip">Institutional Investors Drive Major Inflows into Ethereum ETFs Amid Price Dip</h2>   
<p>After Ethereum’s value fall by 23% within 24 hours during a market crash, U.S. spot Ethereum ETFs saw an inflow of $49 million on August 5. This marked the second-highest day of inflows for the newly launched ETFs, highlighting strong institutional interest despite recent market changes..</p>   
<p>This surge in inflows occurred following a week plus days where inflows were less, showing that institutional investors seized the opportunity to buy Ethereum at lower prices. James Seyffart, an <a href="https://cryptonewsland.com/ethereum-etfs-experience-significant-divergence-in/" target="_blank" rel="noreferrer noopener">ETF </a>specialist, confirmed this sentiment on August 6, stating, “ETF investors, in aggregate, likely bought the dip on Ethereum today.”</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/JSeyff/status/1820624405191692779 
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</figure>   
<p>CIO Matt Hougan acknowledged the trend, noting that while there was some dip buying for both Ethereum and Bitcoin, the majority of interest was focused on Ethereum.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/Matt_Hougan/status/1820643279123230791 
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</figure>   
<h2 class="wp-block-heading" id="h-blackrock-s-etha-fund-leads-eth-etf-inflows-as-grayscale-s-ethe-sees-outflows">BlackRock’s ETHA Fund Leads ETH ETF Inflows as Grayscale’s ETHE Sees Outflows</h2>   
<p>Among the various ETFs, BlackRock’s ETHA fund led with an inflow of $47.09 million, pushing its total to $760 million. VanEck’s ETHV fund followed closely with an inflow of $16.62 million, while Fidelity’s FETH fund attracted $16.15 million as recorded by SosoValue.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdRLNFkVN2WpbKeyf5voS9vzw6nuWvXFOpjWGveqWWBXnzPbq05rxL0rUmjL-IJMCMeClsHlHqXjczSABi3KI2Fc_GukPjlEyLkKOxLc07W-bjmbjvGnarKQsdH24Vnmg5LGQ9ZRIqSBHdoilDyY8MLvXlM?key=wrgd6hiyVXryvIt4FjcWzA" alt="">
</figure>   
<p><em>Source:</em><a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noreferrer noopener"><em>SosoValue</em></a></p>   
<p>&nbsp;Bitwise’s ETHW fund and Grayscale’s Ethereum Mini Trust (ETH) also saw inflows of $7.2 million and $7.59 million, respectively. However, Grayscale’s primary ETHE fund recorded an outflow of $46.8 million, marking its lowest since its conversion to a spot ETF.</p>   
<p>Following the drop, Ethereum briefly hit its lowest price in 2024 at $2,171 on August 5. However, by the morning of August 6, during the Asian trading session, the market began to recover, with Ethereum climbing back to $2,500.</p>   
<h4 class="wp-block-heading" id="h-read-also"><strong>Read also:</strong></h4>   
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
  
 <li><a href="https://cryptonewsland.com/ether-etf-outflows-ease-as-grayscale-sees-reduced-activity/">Ether ETF Outflows Ease as Grayscale Sees Reduced Activity</a></li>   
 <li><a href="https://cryptonewsland.com/blackrocks-ethereum-etf-gains-76669-eth-amid-grayscales-811m-outflows/">BlackRock's Ethereum ETF Gains 76,669 ETH Amid Grayscale's $811M Outflows</a></li>   
 <li><a href="https://cryptonewsland.com/grayscale-leads-the-eth-etf-on-chain-leaderboard/">Grayscale Leads the ETH ETF On-Chain Leaderboard with 2,393,495 ETH in the Grayscale ETHE Ethereum Trust</a></li>   
 <li><a href="https://cryptonewsland.com/grayscales-gbtc-sees-positive-inflow-after-prolonged-downturn/">Grayscale's GBTC Sees Positive Inflow After Prolonged Downturn</a></li>   
 <li><a href="https://cryptonewsland.com/robinhood-adds-gbtc-and-ethe-to-its-app/">&nbsp;Robinhood Adds $GBTC and $ETHE to Its App</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/institutional-investors-seize-ethereum-dip-spot-etf-inflows-surge-amid-market-crash/">Institutional Investors Seize Ethereum Dip, Spot ETF Inflows Surge Amid Market Crash</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Institutional Investors Seize Ethereum Dip, Spot ETF Inflows Surge Amid Market Crash

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