Bitcoin

Ethereum

<p>On the 5th of August, significant movements took place in the ETF markets for <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>. Lookonchain, a famous on-chain analytics provider, noted that Bitcoin ETFs saw outflows of $168M worth but ETH ETFs added $49M, indicating the mixed investor behavior and market sentiment. The analytics platform took to its official X account to provide details about the respective flows.</p><h2 id="header-0">BTC ETFs See Outflows of $168M While ETH ETFs Witness $49M in Inflows</h2><p>In its latest X post, Lookonchain noted that the Bitcoin exchange-traded funds recorded a substantial outflow of $168M. The respective development highlighted the 2nd consecutive day in terms of resilient negative flows. This reportedly points toward an overall bearish sentiment within the investor community. Grayscale Mini (BTC) witnessed $21.8 million in net inflows to lead the Bitcoin ETF market. Nonetheless, VanEck (HODL) recorded just 3M in inflows. Bitwise (BITB) followed it with inflows of up to 2.9M.</p><p>On the other hand, BlackRock (IBIT) stood among the BTC ETFs with now zero inflows. The other such exchange-traded funds include Valkyrie (BRRR), Franklin (EZBC), Invesco (BTCW), and WisdomTree (BTCO). However, Fidelity (FBTC), ARK 21Shares (ARKB), and Grayscale (GBTC) saw an outflow of 58M, 69M, and 69.1M respectively.</p><p>The Ethereum ETFs, contrarily, witnessed substantial inflows with BlackRock (ETHA) leading the market. The exchange-traded fund recorded $47.1M in net inflows. VanEck (ETHV), Fidelity (FETH), and Grayscale Mini (ETH) followed it with 16.6M, 16.2M, and 7.6M in net inflows. Additionally, Bitwise (ETHW) and Franklin (EZET) also beheld net inflows of almost 7.2M and 0.9M worth.</p><h2 id="header-1">The Current Scenario of ETF Sector Highlights Bullish Sentiment around ETH ETFs</h2><p>However, 21Shares (CETH) and Invesco (QETH) could not add any inflows. The only ETH ETF that recorded outflows was Grayscale (ETHE). The exchange-traded fund saw $46.8M in net inflows. As per <a href="https://lookonchain.com/" rel="noopener noreferrer nofollow">Lookonchain</a>, the consecutive negative net inflows of Bitcoin for a couple of days point toward a period. It also signifies that the BTC investors are potentially carrying out risk aversion. Nonetheless, the positive inflows of Ethereum ETFs clarify that the investors are looking at a more rapid stability or potential in ETH in comparison with Bitcoin.</p>

BTC ETFs Incur $168M in Outflows while ETH ETFs Add $49M Despite Market Downturn

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