Ethereum

Bitcoin

Million

<ul>
  
 <li>Bitcoin ETFs saw $45.1M inflows, led by BlackRock’s IBIT ETF, reversing recent trends.</li>   
 <li>Ethereum ETFs experienced $23.7M outflows, with Grayscale’s ETHE leading the decline.</li>   
 <li>Despite gains, Grayscale’s GBTC struggled, and Ethereum ETFs have faced $387.7M in net outflows.</li> 
</ul>   
<p>On August 7, 2024, the cryptocurrency market experienced contrary shifts in <a href="https://bitcoin.org/" target="_blank" rel="noreferrer noopener nofollow">Bitcoin </a>and Ethereum exchange-traded funds (ETFs). Bitcoin ETFs witnessed a substantial inflow while Ethereum ETFs saw large outflows.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-etfs-regain-investor-confidence"><strong>Bitcoin ETFs Regain Investor Confidence</strong></h2>   
<p>Bitcoin ETFs saw an inflow of approximately $45.1 million marking reversal in recent trends. BlackRock’s IBIT ETF played a crucial role by attracting $52.5 million in new investments. Other notable contributors included WisdomTree’s BTCW which gained $10.5 million while Grayscale’s Bitcoin Mini Trust added $9.7 million.&nbsp;</p>   
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<p>Despite these gains, <a href="https://www.grayscale.com/" target="_blank" rel="noreferrer noopener nofollow">Grayscale</a>’s GBTC continued to struggle by reporting outflows of $30.6 million. The total net inflow for Bitcoin ETFs now stands at $17.2 billion since their inception.</p>   
<h2 class="wp-block-heading" id="h-ethereum-etfs-face-outflows-nbsp"><strong>Ethereum ETFs Face Outflows&nbsp;</strong></h2>   
<p>In contrast to Bitcoin, Ethereum ETFs saw outflows totaling $23.7 million on the same day. Grayscale’s ETHE led with outflows reaching $31.9 million. However, not all Ethereum ETFs faced losses as Fidelity’s FETH managed to secure $4.7 million in inflows which bucked the overall trend. Since their launch, Ethereum ETFs have recorded <a href="https://cryptonewsland.com/ethereum-etfs-experience-significant-divergence-in/" target="_blank" rel="noreferrer noopener">net outflows</a> amounting to $387.7 million</p>   
<p>These movements in ETFs have sparked interest and discussions among investors and industry analysts. Significant inflows into Bitcoin ETFs, particularly driven by BlackRock’s IBIT, may signal a <a href="https://cryptonewsland.com/can-ethereum-and-bitcoin-etfs-help-to-maintain-the-pivoting-cryptomarket/" target="_blank" rel="noreferrer noopener">potential shift</a> in investment trends.</p>   
<p>While Bitcoin ETFs show signs of recovery, Ethereum ETFs continue to face challenges. The contrasting performance between these two major cryptocurrencies highlights the ongoing market uncertainty as investors navigate a volatile market.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-etfs-see-inflows-surge-as/">Bitcoin ETFs See Inflows Surge as BlackRock’s IBIT Leads with $52.5 Million</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin ETFs See Inflows Surge as BlackRock’s IBIT Leads with $52.5 Million

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