Ethereum

Bitcoin ETF

Bitcoin

<p>The crypto ETF market is experiencing contrasting dynamics. While Bitcoin ETFs are massively attracting investors, exchange-traded funds linked to Ethereum are struggling to convince. This divergence raises questions about market exposure and investment strategies in the cryptocurrency sector.</p>
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     <p lang="en" dir="ltr">Bitcoin ETF Flow (US$ million) – 2024-07-29<br><br>TOTAL NET FLOW: 124.1<br>(Provisional data)<br><br>IBIT: 205.6<br>FBTC: -5.9<br>BITB: -21.3<br>ARKB: 0<br>BTCO: 0<br>EZBC: 0<br>BRRR: 0<br>HODL: 0<br>BTCW: 0<br>GBTC: -54.3<br>BTC: <br><br>For all the data &amp; disclaimers visit:<a href="https://t.co/4ISlrCgZdk" rel="noopener noreferrer nofollow">https://t.co/4ISlrCgZdk</a></p>— Farside Investors (@FarsideUK) <a href="https://twitter.com/FarsideUK/status/1818130555172450305?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a>
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  A stark contrast between Bitcoin ETFs and Ethereum ETFs
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<h2 id="h-bitcoin-etfs-riding-the-wave-of-enthusiasm">Bitcoin ETFs Riding the Wave of Enthusiasm</h2>
<p>In recent days, Bitcoin ETFs have particularly benefited from the drop in <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> to $66,000. The latest data from Farside indeed reveals <strong>an impressive inflow of $124.1 million</strong> to Bitcoin ETFs on July 29.</p>
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<p><a href="https://www.cointribune.com/en/bitcoin-etf-blackrocks-ibit-skyrockets-50-in-just-5-months/" target="_blank" rel="noopener noreferrer nofollow">BlackRock’s IBIT</a> stands out with a capital inflow of $205.6 million in a single day. This remarkable performance brings IBIT’s total net inflows to $19.9 billion, thus confirming <strong>BlackRock’s leading position in the market.</strong></p>
<p>Other exchange-traded funds, on the other hand, recorded significant capital outflows:</p>
<ul>
 <li>BITB from Bitwise: $21.3 million</li>
 <li>FBTC from Fidelity: $5.9 million</li>
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<h2 id="h-ethereum-struggles-to-convince-these-exchange-traded-funds-are-undergoing-massive-outflows">Ethereum Struggles to Convince: These Exchange-Traded Funds are Undergoing Massive Outflows</h2>
<p>In contrast, Ethereum ETFs are facing headwinds and are <a href="https://www.cointribune.com/en/crypto-ethereum-etfs-in-free-fall-heres-why/" target="_blank" rel="noopener noreferrer nofollow">in free fall</a>. <a href="https://farside.co.uk/?p=1518" target="_blank" rel="noopener noreferrer nofollow">Farside</a> reports a substantial outflow of $98.3 million on the same day. This is mainly due to Grayscale’s ETHE, which saw $210 million evaporate. This trend leads to a <strong>total outflow of $1.7 billion from ETHE</strong>, revealing a certain mistrust among investors.</p>
<p>However, some issuers manage to pull through. Such is the case with BlackRock’s ETHA ETF, which recorded an inflow of $58.2 million.</p>
<p>The data reveals an important point: the crypto ETF market is currently undergoing an intense maturation phase. The evolution of these trends will undoubtedly shape the landscape of <a href="https://www.cointribune.com/en/crypto-vitalik-buterin-warns-about-dangerous-investments/" target="_blank" rel="noopener noreferrer nofollow">crypto investment</a> in the coming months.</p>

Crypto ETF: Bitcoin Rakes in $124.1M, Ethereum Tumbles

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