A naukri.com initiative
NullTX
3w
0
Image Credit: NullTX
US Bitcoin ETFs Experience Modest Inflows After Weeks of Outflows, Ethereum ETFs Continue to Struggle
- After four weeks of outflows, U.S. Spot Bitcoin ETFs saw a modest turnaround with 5,300 BTC in inflows last week, driven mainly by key players like BlackRock, ARK Investment Management, Fidelity, and Grayscale.
- BlackRock dominated Bitcoin ETF inflows with 4,069 BTC, signaling institutional interest returning to the market.
- ARK Investment Management and Fidelity also experienced significant inflows into their Bitcoin ETF products, indicating growing institutional interest.
- On the other hand, US Spot Ethereum ETFs continued to struggle, witnessing large outflows of 76,300 ETH, possibly due to uncertainty around Ethereum's transition to proof-of-stake and market volatility.
- Ethereum-based products face challenges as institutional investors seem more inclined towards Bitcoin's perceived stability amidst regulatory uncertainties.
- ETF performance can be tracked through Glassnode Studio, offering insights into Bitcoin and Ethereum ETF metrics and market sentiment.
- Bitcoin ETFs are influenced by regulatory environment, institutional interest, and market trends, leading to increased assets under management (AUM).
- Experts predict a challenging outlook for Ethereum ETFs due to regulatory fog, while Bitcoin ETFs show signs of favorable institutional adoption.
- Overall, Bitcoin ETFs are gaining traction with notable inflows, especially led by BlackRock, instilling hope in the crypto ETF market.
- The competition for inflows among heavy-hitter firms applying for Bitcoin ETFs reflects growing institutional interest in this sector.
- In contrast, Ethereum ETFs face struggles in attracting inflows, suggesting Ethereum may not emulate Bitcoin's success in the ETF space.
Read Full Article
Like
For uninterrupted reading, download the app