Ethereum

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etf-attracts-significant-investor-interest/" data-wpel-link="internal">Bitcoin ETF Attracts Significant Investor Interest</a><br></p>
<p style="text-align: justify">Bitcoin ETFs have been in the spotlight for the fifth consecutive day with positive net inflows, recording over $39 million in entries. On the other hand, <a href="https://en.coin-turk.com/ethereum-responds-less-to-investment-inflows-compared-to-bitcoin/" data-wpel-link="internal">Ethereum</a> ETFs faced outflows for the fifth day. <strong>Grayscale</strong>, Fidelity, and Bitwise have made Bitcoin ETFs a favorite among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>.</p> 
<h2 style="text-align: justify" id="bitcoin-etfs-gain-momentum">Bitcoin ETFs Gain Momentum</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong> ETFs have gained momentum over the past five days, riding the wave in the crypto world. On Wednesday, a net inflow of $39.42 million indicated renewed investor confidence in Bitcoin. Grayscale’s mini Bitcoin trust fund contributed $14.2 million to this flow.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-382092 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-etf-2.png" alt="" width="1646" height="819"></p> 
<p style="text-align: justify">Fidelity and <strong>Bitwise</strong> also reported entries of approximately $10 million each. BlackRock’s IBIT ETF maintained its lead by attracting $8.35 million in new investments. All these developments are solidifying Bitcoin’s position in the ETF world.</p> 
<h2 style="text-align: justify" id="ethereum-faces-outflows">Ethereum Faces Outflows</h2> 
<p style="text-align: justify">In contrast to Bitcoin, Ethereum ETFs have not achieved the same success. As of Wednesday, Ethereum ETFs recorded outflows of $17.97 million. Grayscale’s ETHE fund experienced the largest outflow with $31.14 million. However, Fidelity’s FETH ETF showed that confidence in Ethereum is not entirely shaken with a net inflow of $7.93 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-382093 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/eth-etf.png" alt="" width="1633" height="688"></p> 
<p style="text-align: justify">Franklin Templeton’s Ethereum fund is also trying to resist this decline with a $1 million inflow. Although Ethereum’s resilient stance has been overshadowed by Bitcoin, it is still seen as an opportunity for investors.</p> 
<h2 style="text-align: justify" id="current-status-of-bitcoin-and-ethereum-prices">Current Status of Bitcoin and Ethereum Prices</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong>, the flagship of cryptocurrencies, rose by 2.33% in the last 24 hours to $60,735, while Ethereum increased by 1.09% to $2,621. The total trading volume of Bitcoin ETFs reached $1.42 billion on Wednesday, outperforming the previous day. Ethereum ETFs, on the other hand, remained relatively subdued with a trading volume of $201 million.</p> 
<p style="text-align: justify">While Bitcoin ETFs have become a shining star in the eyes of investors, Ethereum ETFs are undergoing a tough test. However, it is essential to remember that the balance in the crypto world can change at any moment.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-etf-attracts-significant-investor-interest/" data-wpel-link="internal">Bitcoin ETF Attracts Significant Investor Interest</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-etf-attracts-significant-investor-interest/" data-wpel-link="internal">Bitcoin ETF Attracts Significant Investor Interest</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin ETF Attracts Significant Investor Interest

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