Ethereum

Bitcoin ETF

BlackRock

On August 28, the Ethereum Exchange Traded Funds (ETFs) in the U.S. made a significant comeback, recording a total net inflow of $5.8 million. This positive turn marks the conclusion of nine days of continuous net outflows.&nbsp;
This notable shift signifies that institutional and retail investors recognize the benefits of holding Ethereum through an ETF structure. So far, Ethereum is potentially considered a safeguard against the volatility in the wider virtual asset market.
<h2 id="b-blackrock-s-etha-record-the-highest-inflow-b">BlackRock’s ETHA Record the Highest Inflow</h2>
SosoValue data revealed that BlackRock’s ETHA led the pack with the highest inflow on August 28. The leading crypto asset issuer saw a net inflow of $8.4 million in its digital investment product. Notably, BlackRock has been at the forefront of the ETF market, with its <a href="https://thecoinrise.com/blackrock-etf-sees-record-bitcoin-and-ethereum-inflows/" rel="noopener noreferrer nofollow">Ethereum ETF and Bitcoin ETF inflows</a> attracting significant attention from investors since their debut.&nbsp;
Fidelity’s FETH followed BlackRock with an inflow of $1.26 million. On the other hand, certain ETF issuers like Grayscale Ethereum Trust (ETHE) experienced a net outflow of $3.81 million. Generally, the nine-spot Ethereum ETFs saw a trading volume of $151.57 million, notably lower than the $900 million seen in late July.
<h2 id="b-ethereum-etfs-sets-record-with-lengthy-outflow-streak-b">Ethereum ETFs Sets Record with Lengthy Outflow Streak</h2>
The recent net outflows stretched for nine days, marking the lengthiest outflow streak since the digital funds were initially introduced. These outflows have resulted in Ethereum ETFs experiencing a total net flow of nearly $500 million.&nbsp;
Market watchers and analysts had expected weaker flows for Ethereum ETFs than Bitcoin ETFs due to factors like the absence of staking and lower liquidity.&nbsp;
Trading veteran Peter Brandt recently predicted a <a href="https://thecoinrise.com/ethereum-price-could-crash-below-2000-according-to-trading-veteran-peter-brandt/" rel="noopener noreferrer nofollow">potential Ethereum (ETH) price crash below $2,000</a>. If such a significant price drop occurs, it may increase volatility and potential outflows from Ethereum ETFs as investors react to the market conditions.
<h2 id="b-bitcoin-etfs-see-ongoing-outflows-b">Bitcoin ETFs See Ongoing Outflows</h2>
In a twist of an event, the U.S. Bitcoin ETFs experienced notable net outflows, totaling $105.19 million. ARKB led the outflows with $59.27 million, followed by FBTC with $10.37 million, and VanEck’s fund with $10.07 million.&nbsp;
BITB, Grayscale’s mini Bitcoin trust, and GBTC also saw net outflows of around $8 million each. BlackRock’s IBIT, the largest spot Bitcoin ETF and five other Bitcoin ETFs, reported zero flows on August 28. This massive outflow was after the digital investment funds recorded a <a href="https://thecoinrise.com/bitcoin-etfs-see-202m-net-inflows-as-ether-funds-face-outflows/" rel="noopener noreferrer nofollow">robust inflow of $202.51 million on August 27.</a>
The post <a href="https://thecoinrise.com/ethereum-etfs-break-nine-day-outflow-trend-with-5-8m-inflow/" rel="noopener noreferrer nofollow">Ethereum ETFs Break Nine-Day Outflow Trend with $5.8M Inflow</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Ethereum ETFs Break Nine-Day Outflow Trend with $5.8M Inflow

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