Fast Take
Bitcoin
Bitcoin ETFs continued their constructive momentum, recording their sixth consecutive buying and selling day of inflows on Aug. 22, with a complete influx of $64.8 million. BlackRock’s IBIT led the surge, attracting $75.5 million, bringing its complete web influx to a powerful $20.6 billion. Different inflows included Constancy’s FBTC with $9.2 million, Ark’s ARKB with $7.8 million, WisdomTree’s BTCW with $4.8 million, and VanEck’s HODL with $3.4 million.
Grayscale’s BTC additionally contributed with a $4 million influx. Nevertheless, there have been outflows from Grayscale’s GBTC, which noticed a $28.4 million decline, and Bitwise’s BITB, which misplaced $11.5 million. Regardless of these outflows, the entire inflows for Bitcoin ETFs stand sturdy at $17.6 billion.
Ethereum
In distinction, Ethereum ETFs skilled a web outflow, persevering with their latest development. The sector noticed a modest $0.8 million outflow general on Aug. 22. Grayscale’s ETHE was the largest contributor to this decline, with a $19.8 million outflow, whereas Constancy’s FETH partially offset the loss with a $14.3 million influx. The cumulative outflows for Ethereum ETFs now complete $459.3 million, highlighting the continued divergence in investor sentiment between Bitcoin and Ethereum ETFs.
