Ethereum

Bitcoin ETF

Bitcoin

<p>The world of Bitcoin ETFs is going through a difficult phase after the recent crypto market crash. The post-crash plunge triggered a wave of massive fund outflows, denting investor confidence. While the situation seems concerning, there is a glimmer of hope with new inflows into Bitcoin ETFs that could reverse the trend. But what is really going on in the minds of investors amidst this turbulence? An analysis of the latest fund movements reveals interesting signs to watch.</p> 
<h2 id="h-bitcoin-falls-and-fund-reactions">Bitcoin: Falls and Fund Reactions</h2> 
<p>A few days ago, Bitcoin ETFs made <a href="https://www.cointribune.com/etf-bitcoin-un-retour-en-force-qui-ecrase-ethereum/" target="_blank" rel="noreferrer noopener">a strong comeback that crushed Ethereum</a>. Just a mirage? Because the same trackers recorded <strong>colossal net outflows</strong> of $89.7 million on August 9 in the United States, after attracting $194 million the previous day.</p>
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  <img decoding="async" src="https://cryptodnes.bg/wp-content/uploads/2024/08/Screenshot-2024-08-10-at-13.45.10.png" alt="Bitcoin Spot ETF inflows and outflows">
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   Bitcoin spot ETF inflows and outflows – Source: Farside Investors
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<p><a href="https://cryptodnes.bg/en/us-crypto-etfs-saw-combined-outflows-of-over-105-million/?utm_source=coingecko&amp;utm_content=coingecko&amp;utm_campaign=coingecko&amp;utm_medium=coingecko&amp;utm_term=coingecko" target="_blank" rel="noreferrer noopener">Farside</a> reports that <strong>Grayscale’s GBTC fund was the hardest hit</strong> with outflows of $77 million, followed by Fidelity’s FBTC and Bitwise’s BITB.</p> 
<p>However, there is a glimmer of hope with <strong>$9.6 million flowing into BlackRock’s Bitcoin fund (IBIT)</strong> and $15.6 million into Hashdex’s DEFI fund.</p> 
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<p>Despite this, BlackRock’s IBIT, the largest Bitcoin ETF by net value, recorded no flows the previous day. Ethereum ETFs also suffered outflows totaling $15.8 million, although <strong>BlackRock’s ETHA fund recorded an inflow of $19.6 million</strong>.</p> 
<h2 id="h-crypto-ethereum-etfs-make-a-strong-comeback">Crypto: Ethereum ETFs Make a Strong Comeback</h2> 
<p>The performance of Ethereum ETFs is more resilient compared to Bitcoin funds. After the “black Monday” of August 5, the day <a href="https://www.cointribune.com/en/bitcoin-plunges-below-50000-end-of-the-cullish-cycle-analysis-from-august-6-2024/" target="_blank" rel="noreferrer noopener">Bitcoin plunged below $50,000</a>, Bitcoin ETFs saw <strong>outflows of $148.5 million</strong>.</p>  
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
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  <a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
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<p>But the next day, <strong>Ethereum ETFs experienced positive inflows, reaching $98.4 million</strong>.</p> 
<p>BlackRock’s ETHA fund led the charge with an inflow of $109.9 million, and other funds like Fidelity’s FETH and Grayscale’s ETH also benefited from new entries.</p> 
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<p>This contrast highlights the <strong>growing robustness of Ethereum ETFs</strong>, despite increased Ether price volatility. Expectations are optimistic for a possible surge in Ether prices if the current trend continues. Although some analysts predict <a href="https://www.cointribune.com/en/crypto-why-the-ethereum-rebound-might-be-slower-than-expected/" target="_blank" rel="noreferrer noopener">a slower rise than expected</a> for the prince of cryptos.</p> 
<p>Meanwhile, the <a href="https://www.cointribune.com/en/crypto-the-first-approved-solana-etf/" target="_blank" rel="noreferrer noopener">approval of the first Solana ETF in Brazil</a> marks a turning point in the acceleration of crypto trackers. Good news for investors, after a tumultuous period.</p>
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ETF Bitcoin: $105 Million Evaporated, are Investors in Despair?

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