Ethereum

Bitcoin ETF

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etf-funds-achieve-significant-gains-in-us-markets/" data-wpel-link="internal">Bitcoin ETF Funds Achieve Significant Gains in US Markets</a><br></p>
<p style="text-align: justify">In the US markets on Thursday, spot <strong>Bitcoin</strong> ETFs achieved a major victory with an inflow of $192.56 million. The biggest contribution to this success came from BlackRock’s IBIT fund with $157.6 million. WisdomTree’s BTCW fund also recorded a surprising rise with a record inflow of $118.52 million, which is 10 times its previous record.</p> 
<h2 style="text-align: justify" id="what-happened-with-other-bitcoin-etfs">What Happened with Other Bitcoin ETFs?</h2> 
<p style="text-align: justify">Fidelity’s FBTC fund saw an inflow of $65.25 million, while Ark Invest and 21Shares’ ARKB fund had an inflow of $32.79 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-378269 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/bitcoin-etf-1.png" alt="" width="724" height="696"></p> 
<p style="text-align: justify">This situation paralleled the significant increase in Bitcoin’s market value. Accordingly, the total trading volume reached $2 billion on Thursday, up from $1.79 billion on Wednesday. However, significant outflows of $182.94 million were noted in Grayscale’s <strong>GBTC</strong> fund.</p> 
<h2 style="text-align: justify" id="spot-ethereum-etfs-continue-to-experience-losses">Spot Ethereum ETFs Continue to Experience Losses</h2> 
<p style="text-align: justify">Despite the strong increase in Bitcoin ETFs, the same cannot be said for spot <strong>Ethereum ETFs</strong>. On Thursday, Ethereum ETFs experienced a net outflow of $2.87 million. Although BlackRock’s ETHA fund saw an inflow of $11.74 million, the outflow of $19.83 million in Grayscale’s ETHE fund negatively affected the overall balance.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-378271 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/ethereum-etf.png" alt="" width="769" height="764"></p> 
<p style="text-align: justify">Despite the increase in Ethereum prices, investor interest in <strong>Ethereum</strong> has decreased, with funds facing a total net outflow of $390.23 million. This situation seems particularly linked to the sharp decline experienced on Monday when Ethereum fell below $2,100.</p> 
<h2 style="text-align: justify" id="latest-status-of-bitcoin-and-ethereum-prices">Latest Status of Bitcoin and Ethereum Prices</h2> 
<p style="text-align: justify">In the last 24 hours, Bitcoin’s price increased by 6.93% to $60,837, while Ethereum’s price rose by 9.72% to $2,662. However, these increases may not fully reflect the imbalance in ETF fund inflows and outflows. While Bitcoin gains strength in the market, Ethereum’s weakening is a situation that crypto <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> should watch closely. These market changes deeply affect investors’ decisions and confidence in the market.</p> 
<p style="text-align: justify">The balance in the <a href="https://en.coin-turk.com/singapore-introduces-new-rules-to-regulate-crypto-trading/" data-wpel-link="internal">cryptocurrency market</a> is rapidly changing, and volatility remains high for investors. While the strong increases in spot Bitcoin ETFs boost interest in cryptocurrencies, the weakening on the Ethereum side may lead investors to different strategies.</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/bitcoin-etf-funds-achieve-significant-gains-in-us-markets/" data-wpel-link="internal">Bitcoin ETF Funds Achieve Significant Gains in US Markets</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-etf-funds-achieve-significant-gains-in-us-markets/" data-wpel-link="internal">Bitcoin ETF Funds Achieve Significant Gains in US Markets</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin ETF Funds Achieve Significant Gains in US Markets

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