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Ethereum ETFs Attract $296.5 Million Inflows as Bitcoin ETFs Face $131.4 Million Outflows

Recent data reveals Bitcoin ETFs experiencing significant outflows, while Ethereum ETFs, particularly those from BlackRock, continue to gain substantial investments, indicating a shift in institutional focus.

BTC
ETH

Summary

On July 24, Bitcoin ETFs reported a net outflow of 751 BTC, valued at approximately $89.05 million, with Fidelity contributing 1,919 BTC of this total. Conversely, Ethereum ETFs recorded a net inflow of 110,868 ETH, worth about $404 million, led by BlackRock's iShares with an inflow of 90,178 ETH.

Terms & Concepts
  • Ethereum spot ETFs: Exchange-traded funds that allow investors to gain exposure to Ethereum without directly purchasing the cryptocurrency.
  • net inflow/outflow: The total amount of money flowing into or out of an investment fund over a specific period.
  • assets under management (AUM): The total market value of the assets that an investment fund manages on behalf of its clients.