Bitcoin

Ethereum

<p>Spot On Chain, a prominent entity offering on-chain analytics, reported significant changes in the US ETFs as of August 15. The exclusive statistics disclose opposing trends between <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum</a> and <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> as the BTC ETFs experienced positive inflows while ETH ETFs incurred substantial losses. The analytics provider unveiled the details of these flows on its official X account.</p><h2 id="header-0">Bitcoin ETF Inflows Contrast with Ethereum ETF Outflows on August 15</h2><p>Spot On Chain mentioned in its exclusive X post that the Bitcoin ETFs recorded a net flow of nearly $11 million. This development reportedly denotes a minor recovery following experiencing outflow a day before. This shift signifies a renewal of confidence among the investors regarding Bitcoin although the market conditions still express volatility. Among the 5 well-known US BTC ETFs, 4 witnessed noteworthy inflows in comparison with the previous trading day. On the other hand, the IBIT ETF of BlackRock presented an opposite development.</p><p>Despite its good reputation in the ETF market BlackRock could not make pace with the inflow momentum. However, the exchange-traded fund has still maintained a considerably stable position. The respective trend focuses on careful optimism in Bitcoin’s ETF market. Investors are gradually elevating their BTC exposure via exchange-traded funds.</p><h2 id="header-1">Excessive Outflows from Ethereum ETFs May Denote Concerns about Short-Term Market Volatility</h2><p>Contrarily, Ethereum ETFs incurred enormous outflows with a sharp reversal. These ETFs experience cumulative outflows of almost $39M worth. This points toward a major decline after consecutive positive flows for 3 days. Hence, it seems that the investor sentiment has gone through a shift. All the Ethereum ETFs in the US reported minor net flows on August 16 compared with August 15. As suggested by <a href="https://spotonchain.com/" rel="noopener noreferrer nofollow">Spot On Chain</a>, these outflows may denote concerns regarding short-term volatility.</p>

Bitcoin ETFs Return to Positive with $11 Million Inflows

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