Ethereum

Bitcoin ETF

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-and-bitcoin-etf-funds-experience-significant-inflows-and-outflows/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum and Bitcoin ETF Funds Experience Significant Inflows and Outflows</a><br></p>
<p class="p1" style="text-align: justify">On July 29, nine US-based spot Ethereum exchange-traded fund (ETF) products saw an outflow of $98.29 million, extending the negative flow series to the fourth day. According to <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data analysis</a> platform SosoValue, Grayscale Ethereum Trust (ETHE) recorded a net outflow of $210.04 million, making it the only Ethereum fund to register an outflow.</p>
<h2 class="p1" style="text-align: justify" id="current-status-of-ethereum-etf-funds">Current Status of Ethereum ETF Funds</h2>
<p class="p1" style="text-align: justify">Since its first outflow on July 23, the Grayscale Ethereum Trust fund has continued to experience daily outflows of hundreds of millions of dollars. BlackRock’s ETHA fund led the inflow pack with a net inflow of $58.17 million, followed by Fidelity’s FETH fund with $24.82 million, VanEck’s ETHV fund with $10.91 million, and Bitwise’s ETHW fund with $10.45 million in net inflows.</p>
<p class="p1" style="text-align: justify">The Grayscale Ethereum Mini Trust also recorded a net inflow of $4.9 million, while Franklin’s EZET fund recorded $2.52 million. Two other spot Ethereum ETF funds managed by Invesco and 21Shares saw zero flows on July 29.</p>
<p class="p1" style="text-align: justify">According to the data, the total daily trading volume of spot Ethereum ETF funds reached $773.01 million on July 29, compared to $933.86 million on July 26 and $955.85 million on July 25.</p>
<p><img fetchpriority="high" decoding="async" class="aligncenter wp-image-375116 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/etf-6.png" alt="" width="2429" height="1098"></p>
<h2 class="p1" style="text-align: justify" id="what-is-happening-with-bitcoin-etf-funds">What is Happening with Bitcoin ETF Funds?</h2>
<p class="p1" style="text-align: justify">During this period, 11 US-traded spot Bitcoin ETF funds experienced a net inflow of $124.13 million on July 29. BlackRock’s IBIT fund recorded a net inflow of $205.62 million, making it the only fund to register a net inflow on that day.</p>
<p class="p1" style="text-align: justify">Grayscale’s GBTC recorded a net outflow of $54.29 million, while Bitwise’s BITB fund saw a net outflow of $21.3 million, and Fidelity’s FBTC fund recorded a net outflow of $5.89 million. The total trading volume of spot Bitcoin ETF funds rose to $2.68 billion on July 29, compared to $2.04 billion on July 26 and $1.51 billion on July 25.</p>
<p>During this period, the US Presidential Elections continued to increase volatility in the <a href="https://en.coin-turk.com/mt-gox-trustee-changes-final-payment-date-in-latest-announcement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>, reflecting on ETF funds. Recently, macroeconomic data and financial reports from US-based companies have also led to a decline in risky <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investment</a> products.</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/ethereum-and-bitcoin-etf-funds-experience-significant-inflows-and-outflows/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum and Bitcoin ETF Funds Experience Significant Inflows and Outflows</a></h5>
<p>The post <a href="https://en.coin-turk.com/ethereum-and-bitcoin-etf-funds-experience-significant-inflows-and-outflows/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum and Bitcoin ETF Funds Experience Significant Inflows and Outflows</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ethereum and Bitcoin ETF Funds Experience Significant Inflows and Outflows

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