Institutional interest shifts as Bitcoin ETFs attract capital, Ethereum ETFs continue to bleed

Fast Take

Bitcoin

On Aug.21, Bitcoin ETFs skilled inflows totaling $39.5 million, based on knowledge from Farside. BlackRock’s IBIT noticed an $8.4 million influx, adopted by Constancy’s FBTC, which noticed a $10.7 million improve. Bitwise’s BITB and Invesco’s BTCO additionally contributed, with $10.0 million and $2.5 million in inflows, respectively. Franklin Templeton added $3.5 million, whereas Grayscale BTC noticed a $14.2 million influx. Nonetheless, Grayscale’s GBTC ETF skilled a $9.8 million outflow, barely dampening the general optimistic development. These inflows carry the whole belongings in Bitcoin ETFs to $17.6 billion.

Ethereum

In distinction, Ethereum ETFs continued to battle, marking their fifth consecutive buying and selling day of outflows. The newest knowledge exhibits an $18 million outflow, pushed by a big $31.1 million withdrawal from Grayscale’s ETHE. In response to Farside knowledge, this brings the whole outflows from Ethereum ETFs to a considerable $458.5 million. The continued outflows spotlight a shift in investor sentiment away from Ethereum, whilst Bitcoin continues to draw capital.

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