Ethereum

Shift

Bitcoin

Giant

<ul> 
 <li><strong>Data from an analyst has revealed that institutional investors are shifting their focus from Bitcoin ETFs to Ethereum ETFs.</strong></li> 
 <li><strong>Despite Ethereum ETFs garnering more institutional investor interest than Bitcoin ETFs, Bitcoin has been the apex predator on a personal scale.</strong></li> 
</ul>  
<p><span style="font-weight: 400;">Recent data from an analyst has revealed an unprecedented turn of events with a notable shift in institutional investor behavior. While the limelight has typically been on Bitcoin ETFs as the apex crypto, ETHEs have attracted substantial inflows while Bitcoin ETFs have experienced outflows.</span></p> 
<p><span style="font-weight: 400;">The cryptocurrency space, particularly Ethereum ETFs, has undergone a dramatic transformation. Despite a rocky start, ETHEs have demonstrated extraordinary growth. <a href="https://www.crypto-news-flash.com/spot-ethereum-etf-launch-could-distract-investors-and-impact-bitcoin-says-analyst/" target="_blank" rel="noopener">Analysts once speculated </a>that Ethereum ETFs would outshine their Bitcoin counterparts, a notion that is now becoming a reality.</span></p> 
<h3 id="b-bitcoin-and-ethereum-etfs-witness-joint-inflows-b"><b>Bitcoin and Ethereum ETFs Witness Joint Inflows&nbsp;</b></h3> 
<p><span style="font-weight: 400;">On August 1, for the first time since the launch of spot Ethereum ETFs, both Bitcoin and Ethereum ETFs saw <a href="https://www.crypto-news-flash.com/ethereum-etfs-flip-to-positive-net-inflows-for-the-first-time-since-launch/" target="_blank" rel="noopener">positive inflows</a>, as earlier reported on CNF. Bitcoin ETFs attracted $50.6 million, led by Grayscale’s new Bitcoin Mini Trust, while Ethereum ETFs gained $26.7 million, with BlackRock’s iShares Ethereum Trust leading inflows.</span></p> 
<p><span style="font-weight: 400;">However, as earlier reported on CNF Grayscale’s Ethereum Trust, it continues to see significant outflows, totaling over $2 billion since its conversion to a spot ETF.&nbsp;</span></p> 
<p><span style="font-weight: 400;">Following this successful trend, Ethereum ETFs have managed to keep course where else their Bitcoin counterparts have been experiencing the reversal. This has been made evident with data from Farside.&nbsp;</span></p> 
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<p><span style="font-weight: 400;">At the time of writing</span><span style="font-weight: 400;"><span style="box-sizing: border-box; margin: 0px; padding: 0px;">, Ethereum is&nbsp;<a href="https://www.crypto-news-flash.com/marketcap/" target="_blank" rel="noopener">trading a</a>t $2,488.51</span>, marking</span><span style="font-weight: 400;"> a </span><span style="font-weight: 400;"><span style="color: #ff0000;">21.00%</span> decline in the last 24 hours.&nbsp;</span></p> 
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<h3 id="b-ethereum-etfs-overtake-bitcoin-etfs-b"><b>Ethereum ETFs Overtake Bitcoin ETFs</b></h3> 
<p><span style="font-weight: 400;">Financial Giant Blackrock iShares Ethereum Trust (ETHA) has been on the frontline of the success of the Ethereum ETF. Since its launch, the ETF has garnered nearly $870 million in assets, further cementing its position as the crypto leader.</span></p> 
<p><span style="font-weight: 400;">ETHEs have showcased great resistance with August 5 being of key reference. ETHEs continued to experience substantial inflows during the recent market downturn, with inflows of $50 million on August 5, not forfeiting an additional $109 million the following day.</span></p> 
<p><img loading="lazy" decoding="async" class="wp-image-784055 aligncenter" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/08/Screenshot987-300x197.webp" alt="" width="716" height="470" srcset="//www.crypto-news-flash.com/wp-content/uploads/2024/08/Screenshot987-300x197.webp 300w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/Screenshot987-768x505.webp 768w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/Screenshot987-150x99.webp 150w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/Screenshot987-450x296.webp 450w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/Screenshot987.webp 1024w" sizes="(max-width: 716px) 100vw, 716px"></p> 
<p><span style="font-weight: 400;">Data from <a href="https://farside.co.uk/?p=1518" target="_blank" rel="nofollow noopener">Farside </a>further reveals that on August 6, all ETHEs collectively saw inflows exceeding $98 million, with ETHA leading the pack at $109 million. Additionally, Fidelity’s FETH attracted $22.5 million in new investments, while Grayscale’s ETHE faced outflows of $39.7 million.</span></p> 
<p><span style="font-weight: 400;">On the contrary, grass hasn’t been greener on the other side for Bitcoin ETFs. Bitcoin ETFs have been experiencing significant outflows. Data from Farside shows that on August 6, spot Bitcoin ETFs recorded outflows totaling $148 million. Notably, BlackRock’s spot Bitcoin ETF, IBIT, did not attract any inflows during this period. Instead, Fidelity’s spot Bitcoin ETF, FBTC, saw outflows worth $64 million, while Grayscale’s GBTC also experienced outflows of $32 million.</span></p> 
<p><span style="font-weight: 400;">Despite ETHEs garnering more institutional investor interest than Bitcoin ETFs, on a personal scale, Bitcoin has been the apex predator. Even though both prices have experienced plummets, Bitcoin has been outdoing Ethereum price-wise.</span></p> 
<p><span style="font-weight: 400;">&nbsp;At the time of writing, Bitcoin is changing hands with $58,423.67, marking an <span style="color: #ff0000;">8.15% decline</span> in the last 24 hours.</span></p> 
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Institutions Shift Focus: Ethereum ETFs See Massive Inflows Amid Bitcoin Outflows

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