Bitcoin

Ethereum

<p>The ETFs in the United States have recently displayed a noteworthy activity with a huge divergence 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> funds. As per the data provided by Spot On Chain (a well-known on-chain analytics firm), Bitcoin ETFs witnessed $203M in net inflows while Ethereum ETFs incurred $13M in outflows on August 26. The analytics provider revealed the current standing of the individual exchange-traded funds on its official social media account.</p><h2 id="header-0">Bitcoin ETFs Maintain Dominance over Ethereum ETFs with $203M in Net Inflows</h2><p>Spot On Chain mentioned in an X post that the current divergence between Ethereum and Bitcoin ETFs reflects the contradictory investor sentiment. BTC ETFs saw a significant amount of $203M in net inflows. This marks the 8th consecutive day in terms of positive flows for Bitcoin. Throughout the previous week, Bitcoin ETFs <a href="https://blockchainreporter.net/bitcoin-etfs-complete-weekly-inflow-streak-ethereum-etfs-do-the-opposite/" rel="noopener noreferrer nofollow">maintained</a> a positive outlook. Particularly, on Tuesday and Friday, the Bitcoin ETFs recorded staggering inflows of $88M and $252M respectively.</p><p>This respective consistent inflow signifies the increasing confidence among investors in Bitcoin. On the 26th of August, BlackRock (IBIT) led the Bitcoin ETF market with a substantial inflow of $224M. This represents the top single-day inflow witnessed over the recent twenty-five trading days. Additionally, Franklin (EZBC) and WisdomTree (BTCW) saw $5.5M and $5.1M in inflows.</p><h2 id="header-1">ETH ETFs See Sheer Negative Flows of $13.2M</h2><p>On the other hand, the Ethereum ETF market has shown massively negative flows on August 26. Out of 9 ETH ETFs, 6 witnessed no flows at all. However, the other 3 ETH exchange-traded funds experienced $13.2 in outflows. The current outlook of the Ethereum ETFs is also a continuation of the gradual decline seen in the previous week. The week began with $13.5M leaving ETH ETFs.</p><p>As a result of the continuation of this trend, these ETFs incurred losses of almost $5.7M on Friday. On August 26, <a href="https://www.grayscale.com/" rel="noopener noreferrer nofollow">Grayscale</a> (ETHE) maintained its position as the top ETH ETF in terms of negative flows. The cumulative outflows of Grayscale (ETHE) reportedly reached $9.5M on August 26. Franklin (EZET) incurred a net outflow of $1 million. Apart from that, Fidelity (FETH) recorded $2.7 in outflows.</p>

Bitcoin ETFs See Sustained Inflows Amidst Ethereum ETF Outflow Struggles

Table of Contents

BlockchainReporter

Other articles published on Aug 27, 2024

Skyrocketing Altcoins: This Week’s Top 3 You Can’t MissAuto Draft

MakerDAO’s transition to Sky protocol, introduces USDS and SKY tokens

XRP Unleashed Documentary Set for November Release on Major Platforms

Telegram CEO Pavel Durov Arrest Leads Toncoin (TON) To Sell-Off, Investors Turn to this $0.034 Et...

Russia’s Shift Toward Crypto Amid Sanctions

What is Telegram Native DOGS Memecoin?

Join our free newsletter for daily crypto updates!