Ethereum ETFs Face $158.6 Million in Outflows as Bitcoin ETFs Secure $17.5B Despite GBTC Outflows

Ethereum exchange-traded funds (ETFs) in United States have experienced their longest streak of outflows. From August 15 to August 21, the funds lost

output: Ethereum exchange-traded funds (ETFs) in the United States experienced their longest streak of outflows yet. From August 15 to August 21, the funds lost a total of $92.2 million over five consecutive days. This marks the most significant outflow period since the ETFs were launched on July 23.

Grayscale Ethereum Trust (ETHE) Saw $158.6 Million in Outflows

Among these outflows, the Grayscale Ethereum Trust (ETHE) saw a withdrawal of $158.6 million in the five days in question. Grayscale’s fund saw redemptions daily except for the 12th of August, indicating sustained concerns among investors.

Other ETFs, including BlackRock’s iShares Ethereum Trust ETF (ETHA) and the Fidelity Ethereum Fund (FETH), saw some inflows. However, the amounts were not substantial enough to counter the outflows.

It is also worth noting that despite these outflows, Grayscale Ethereum Trust has not seen any outflows since its inception. There was a positive cash flow of $231.9 million during the period, which serves as an adjustment to the overall scenario. However, the outflows resulted in a net negative value of $458.5 million for all Ethereum ETFs.

Bitcoin ETFs Secure $17.5B Despite GBTC Outflows

Meanwhile, as Ethereum ETFs floundered, Bitcoin ETFs in the US remained remarkably stable. Having started their operations in January 2024, Bitcoin ETFs have attracted a net investment inflow of $17.5 billion. This is despite the Grayscale Bitcoin Trust (GBTC) seeing outflows of $19.6 billion.

On August 20, the ETFs attracted $88 million in capital, which was the highest in two weeks. BlackRock's iShares Bitcoin Trust (IBIT) saw an addition of $55.4 million in fresh investments, bringing the total investments in IBIT to $20.5 billion since January.

Investors' Attitude, Global Trends Impacting ETFE TFs Differently

The performance of Ethereum and Bitcoin ETFs showcases how investors' attitudes and broader trends differ in the United States. While there has been a reduction in inflows over the past few weeks, the interest of big names like BlackRock and Fidelity in Ethereum ETFs suggests a long-term focus.

However, short-term implications arising from the market volatility and pending regulatory decisions on cryptocurrencies led to substantial withdrawals.

On the other hand, investors' preference for the original cryptocurrency during periods of market volatility is evident in the capital inflows into Bitcoin ETFs. As the challenges continue to unfold for Ethereum ETFs, the market will be keeping a close eye on whether they can regain investor trust and return to the upward trajectory.input: A new report from Blockworks has highlighted the contrasting fortunes of Ethereum and Bitcoin exchange-traded funds (ETFs) in the United States.

While Ethereum ETFs have experienced their longest streak of outflows yet, with a total of $92.2 million being lost over five consecutive days, Bitcoin ETFs have remained remarkably stable, attracting a net investment inflow of $17.5 billion since starting their operations in January 2024.

The outflows from Ethereum ETFs began on August 15, marking the first time such funds have seen outflows since their launch on July 23. The outflows come amid a broader downturn in the cryptocurrency market, with several digital assets, including Bitcoin and Ethereum, experiencing significant price drops.

According to the report, the Grayscale Ethereum Trust (ETHE) was a major contributor to these outflows, with a withdrawal of $158.6 million being recorded over the five days in question. Grayscale’s fund saw redemptions daily except for the 12th of August, indicating sustained concerns among investors.

Other ETFs, such as BlackRock’s iShares Ethereum Trust ETF (ETHA) and the Fidelity Ethereum Fund (FETH), also saw some inflows. However, the amounts were not substantial enough to counter the outflows.

It is also worth noting that despite these outflows, Grayscale Ethereum Trust has not seen any outflows since its inception. There was a positive cash flow of $231.9 million during the period, which serves as an adjustment to the overall scenario. However, the outflows resulted in a net negative value of $458.5 million for all Ethereum ETFs.

Meanwhile, Bitcoin ETFs in the US have attracted a net investment inflow of $17.5 billion since starting their operations in January 2024. This is despite the Grayscale Bitcoin Trust (GBTC) seeing outflows of $19.6 billion.

On August 20, the ETFs attracted $88 million in capital, which was the highest in two weeks. BlackRock's iShares Bitcoin Trust (IBIT) saw

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