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Event ends: August 9, 16:00 UTC
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#ETH # CashBTCETF and ETH ETF show different results. The expected ETH ETF has been trading on US exchanges for a month, but investors don't seem to be very interested. The 9 exchange funds holding ETH, the second largest cryptocurrency, have experienced capital outflows for 7 consecutive days since August 15, representing the longest streak of capital outflows since they were listed on July 23. SoSovalue data shows that during the same period, exchange funds holding BTC, the leading cryptocurrency, have experienced daily capital inflows. This demonstrates that the BTC ETF is more popular among investors.
The data also shows that only on Friday, the Bitcoin Exchange Traded Fund (ETF) registered a net inflow of $251 million, reaching a new high since July 16th. On the same trading day, inflows of nearly $50 million were recorded in BlackRock's IBIT, Fidelity's FBTC, and Grayscale's GBTC.