Exchange-traded funds (ETFs) tied to the spot price of ether (ETH) saw net inflows on Aug. 28, ending a streak of nine consecutive days of outflows. This change was reflected by a total of $5.8 million in net inflows, according to data from SosoValue.
The firms that starred in these entries to the Bitcoin-criptomonedas-futuros-spot-mercados-riesgos/” target=”_blank” rel=”noreferrer noopener”>ETF ETH investors include BlackRock and Fidelity, which reported capital inflows in the order of USD 8.40 million and USD 1.26 millionrespectively. The only firm that reported capital outflows was Grayscale, in the order of USD 3.81 million.
This movement contrasts with the previous behavior of ETH ETFs, which since their launch They have accumulated more outflows than inflows of moneyas shown in the following SosoValue graph.
Since launch, ETH ETFs have seen more capital outflows than inflows. Source: SosoValue.
The nine ETFs of Ethereum/#:~:text=Ethereum%20es%20una%20tecnolog%C3%ADa%20que,%2C%20casinos%2C%20videojuegos%20y%20m%C3%A1s.” target=”_blank” rel=”noreferrer noopener”>ether in cash they recorded a Trading volume of USD 151.57 million on Wednesday, July 28indicating a significant decline from late July volumes of approximately USD 900 million.
Funds have experienced significant net outflows, accumulating a total of 475.48 million dollars in departures since its launch.
This data could reflect a trend of disinterest or readjustment of positions in these financial products linked to ether, suggesting that the initial enthusiasm for these ETFs could be waning. or that investors are re-evaluating their investment strategies in cryptocurrencies.
Bitcoin ETFs report outflows
For their part, the Bitcoin ETFs have seen net outflowswith USD 105.19 million in outflows yesterday, according to the data from SosoValue.
The issuing firms ARK and 21Shares led the outflows, with USD 59.2 million. Fidelity recorded outflows of USD 10.3 million, and VanEck’s fund had outflows of USD 10 million.
Bitwise and Grayscale also reported net outflows of around $8 million. BlackRock, the largest ETF in the world, bitcoin cash by net assets, along with five other bitcoin ETFs, reported zero flows for the day.
This is the second consecutive day this week with capital outflows in bitcoin ETFs. Source: SosoValue.
The outflow movement in bitcoin ETFs has been recorded since this week, after they reported 8 consecutive days of net capital inflows. As CriptoNoticias reported, these outflows impacted the price of the assetwhich fell below USD 60,000.
This article was created using artificial intelligence and edited by a human on the editorial staff.
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