Ethereum

Mini Bitcoin

BlackRock

While the sharp decline in Asian markets and the Japanese stock market, unprecedented since 1987, caused great anxiety in global markets, the market started the week with a bloodbath.
While the unprecedented sharp decline in Asian markets increased the selling pressure in risky assets, Bitcoin and altcoins also received their share.
However, while the recovery in global markets also had its effect on Bitcoin and altcoins, institutional investors also evaluated this decline and bought the decline.
Because institutional investors bought the decline in Ethereum, spot Ethereum ETFs returned to positive inflows. However, the same cannot be said for Bitcoin ETFs.
US spot Ethereum ETFs had a positive day following a major market crash that caused ETH to lose 23% in less than 24 hours.
On August 5, total inflows across nine spot ETH ETFs reached $49 million, marking the second-highest inflow since the funds began trading.
This shows that institutional investors are buying the Ethereum (ETH) dip, and the situation was confirmed by Bloomberg ETF analyst James Seyffart.
<blockquote>
 “Bitcoin ETF flows are negative while Ethereum ETFs are slightly positive so far!
 The bottom line: ETF investors collectively bought the dip in Ethereum today.”
</blockquote>
<h2 id="what-s-the-latest-on-bitcoin-and-ethereum-etf-flows">What's the Latest on Bitcoin and Ethereum ETF Flows?</h2>
Spot Ethereum ETFs experienced positive inflow on August 5, with BlackRock's ETHA fund leading the way with an inflow of $47.1 million.
VanEck's ETHV fund had an inflow of $16.6 million, followed by Fidelity's FETH fund with $16.1 million.
Bitwise ETHW fund has $7.2 million, while Grayscales Ethereum Mini Trust (ETH) recorded $7.6 million inflows. But the Grayscale ETHE fund saw an outflow of $46.8 million, its lowest level since its conversion to a spot ETF.
The positive sentiment in Ethereum ETFs was not present in Bitcoin ETFs. According to data from Farside Investors, the same decrease in purchases did not occur in Bitcoin ETFs, which experienced an outflow of $ 168.4 million on August 5.
Fidelity, Ark 21Shares and Grayscale saw outflows ranging from $58 million to $70 million, while BlackRock and four other companies recorded zero outflows.
There was a small inflow of $21.8 million into Grayscale's Mini Bitcoin Trust, while Bitwise (BITB) and VanEck (HODL) experienced inflows of around $3 million.
At the time of writing, Bitcoin continues to be traded at $55,785 and Ethereum at $2,508.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/institutional-investors-bought-the-dip-preferred-this-altcoin-to-bitcoin/" rel="noopener noreferrer nofollow">Institutional Investors Bought the Dip: Preferred This Altcoin to Bitcoin!</a>

Institutional Investors Bought the Dip: Preferred This Altcoin to Bitcoin!

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