Editor's PiCK
Conflicting ETF results in the first week of September…Bitcoin net inflows, Ethereum net outflows
Summary
- Last week, Bitcoin spot ETFs saw total net inflows of 250.3 million dollars.
- By contrast, Ethereum spot ETFs (nine funds) experienced net outflows of 787.6 million dollars.
- In particular, BlackRock's IBIT recorded net inflows, while ETHA and FETH recorded net outflows.
Spot cryptocurrency (crypto) exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH) posted contrasting results.
On the 7th (Korean time), according to Farside Investors, 11 spot Bitcoin ETFs saw total net inflows of 250.3 million dollars (approximately 348 billion won) last week. BlackRock's IBIT had net inflows of 434.3 million dollars (approximately 600 billion won), but net outflows from ARK Invest's ARKB and Bitwise's BITB reduced the overall net inflow.
Meanwhile, nine spot Ethereum ETFs saw net outflows of 787.6 million dollars (approximately 1.09 trillion won) over the same period. This was due to net outflows on every trading day last week. BlackRock's ETHA and Fidelity's FETH had net outflows of 312.5 million dollars (approximately 430 billion won) and 287.9 million dollars (approximately 400 billion won), respectively.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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