Bitcoin

Ethereum

<a href="https://optimisus.com/news/crypto-news/ethereum-eth-rises-over-5-to-2750-in-the-past-24-hours-indicating-a-market-upturn/https://optimisus.com/news/crypto-news/ethereum-eth-rises-over-5-to-2750-in-the-past-24-hours-indicating-a-market-upturn/" rel="noopener noreferrer nofollow">Ethereum exchange-traded funds (ETFs)</a> have been consistently declining in value, with investors withdrawing their funds over an extended period, resulting in the longest consecutive period of outflows since their introduction.All nine authorized ETFs in the United States have encountered a decrease in assets, with the <a href="https://optimisus.com/market/market-news/grayscales-ethereum-etf-experiences-its-lowest-daily-outflow/" rel="noopener noreferrer nofollow">Grayscale Ethereum Trust (ETHE)</a> being the most impacted, suffering a loss of more than $2.5 billion in outflows as of August 21st.This phenomenon elicits apprehensions over the prospective viability of Ethereum ETFs and mirrors a more extensive sense of uncertainty among investors.Earthen ETFs have had a continuous outflow for five consecutive days, resulting in a total loss of $92.2 million since August 15th. ETHE was the main cause of these outflows, contributing a total of $158.6 million.Although a few funds, like BlackRock&#39;s iShares Ethereum Trust ETF (ETHA), Fidelity Ethereum Fund (FETH), and Bitwise Ethereum ETF (ETHW), experienced some inflows, these were insufficient to counterbalance the general negative trend.Bitcoin ETFs have exhibited superior performance, garnering significant attention from institutional investors. Bitcoin ETFs have experienced favorable inflows in eight out of the past ten days, demonstrating a consistent level of trust and optimism among investors.ETHA, an Ethereum ETF managed by BlackRock, achieved a significant milestone by becoming the first Ethereum ETF to attract $1 billion in net inflows. However, despite this achievement, the overall flow of funds into Ethereum ETFs remains negative, with a total outflow of $458.5 million.Bitcoin exchange-traded funds (ETFs), particularly those overseen by reputable companies such as BlackRock, are still drawing substantial investment.

Ethereum ETFs face record outflows, while Bitcoin ETFs surge with strong inflows

Optimisus

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