Ethereum

Bitcoin

Spot

Time

BlackRock’s Bitcoin and Ethereum ETFs (IBIT and ETHA) have surpassed Grayscale’s crypto ETF group (GBTC, BTC Mini, ETHE, and ETH Mini) in on-chain assets for the first time, according to the latest data from Arkham.
BlackRock’s ETFs currently have the largest collective holdings of any ETF issuer, with combined Ethereum and Bitcoin holdings valued at an impressive $21.2 billion.
This news comes amidst volatility in the Bitcoin and Ethereum spot ETF markets. On August 16 (yesterday), there was a total net inflow of $36 million into Bitcoin spot ETFs, led by Fidelity’s FBTC with $61.3 million and BlackRock’s IBIT with $20.4 million. This was offset by a significant outflow of $72.9 million from Grayscale’s GBTC.
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On the other hand, Ethereum spot ETFs saw a net outflow of $15 million on the same day. Grayscale’s ETHE saw the biggest outflow at $27.7 million, while BlackRock’s ETHA and Fidelity’s FETH saw inflows of $10.3 million and $7.2 million, respectively. The total net asset value of Ethereum spot ETFs currently stands at $7.35 billion.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/critical-development-in-bitcoin-and-ethereum-etfs-first-time-since-approvals/" rel="noopener noreferrer nofollow">Critical Development in Bitcoin and Ethereum ETFs: First Time Since Approvals</a>

Critical Development in Bitcoin and Ethereum ETFs: First Time Since Approvals

Bitcoin Sistemi EN

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