Ether ETFs Report Zero Flows: ETH ETFs Struggle for Attention as Bitcoin ETFs Experience Major Inflows
For just the second time since their launch in July, Ether ETFs in the United States experienced zero flows on Monday, according to data compiled by SoSoValue. In contrast, Bitcoin ETF inflows reached a net value of $235.2 million, the highest level since September 27. BlackRock’s fund (IBIT) brought in $97.9 million, while Fidelity’s product (FBTC) brought in $103.7 million.
Comparison of Ether and Bitcoin ETFs: One Struggles While the Other Thrives
Conversely, there were no flows observed in any direction for the nine Ether ETFs. This happened just once before, on August 30. The numbers highlight the disparate success stories of ETH and BTC products in the United States. Since going public in January, Bitcoin ETFs have attracted inflows of around $18.75 billion, but since their ether equivalents were available in July, they have lost $500 million.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment