- The nine ether ETFs in the U.S. registered zero flows in either direction, the second time this has occurred, the other being on Aug. 30.
- Bitcoin ETFs have seen inflows of nearly $18.75 billion since they listed in January, while their ether equivalents are $500 million in the red since they became available in July.
As a seasoned crypto investor with a knack for spotting trends and reading between the lines, I find the recent market dynamics intriguing. The zero flows for Ether ETFs, happening twice now since their launch, is a puzzling phenomenon that has me scratching my virtual head.On Monday, exchange-traded funds (ETFs) based on Ether (ETH) in the United States experienced no new investments, marking just the second occasion since their listing in July, as per data compiled by SoSoValue.
Bitcoin ETFs experienced their largest inflows since September 27, accumulating a total of approximately $235.2 million. Fidelity’s product, specifically FBTC, accounted for the majority with around $103.7 million, while BlackRock’s fund, IBIT, attracted about $97.9 million.
On the flip side, the nine ethereum ETFs experienced no inflows or outflows whatsoever. This unusual event happened just once before, on August 30.
The figures underline the differing fortunes of BTC and ETH products in the U.S. Bitcoin ETFs have seen inflows of nearly $18.75 billion since they listed in January, while their ether equivalents are $500 million in the red since becoming available in July.
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2024-10-08 13:03