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Amid the prevailing downturn in the cryptocurrency market, spot Bitcoin and Ethereum ETFs have demonstrated remarkable stability, with Ethereum funds notably continuing to see substantial inflows.
Overview
- Spot Bitcoin and Ethereum ETFs have shown resilience despite a significant market dip.
- Ethereum ETFs attracted roughly $444 million on August 25, marking a streak of three consecutive profitable days.
- Bitcoin ETFs reported a net inflow of $219 million on August 25, breaking a six-day pattern of outflows.
Ethereum (ETH) ETFs are continuing to gather strong inflows despite recent market challenges. According to fresh data from SoSoValue, the nine U.S.-listed funds drew in around $444 million during trading on August 25.
Leading the inflows were BlackRock, Fidelity, and VanEck, resulting in a three-day winning streak that raised total net inflows to $1.07 billion. This marks a solid recovery from a prior four-day loss, during which Ethereum ETFs lost nearly $866.5 million between August 18 and August 20.
Bitcoin (BTC) ETFs also exhibit resilience. After experiencing six days of outflows totaling approximately $1.2 billion, the funds achieved a net inflow of $219 million on August 25. This positive turnaround was primarily driven by significant players such as BlackRock’s iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Fund, and Ark Invest’s ARKB.
Despite ongoing declines in asset prices, the inflows into these exchange-traded funds underscore strong institutional demand and a resurgence in investor confidence.
Bitcoin and Ethereum ETFs withstand price slides
Both Bitcoin and Ethereum have recently trended downward, retracing gains from earlier in the month. As of this writing, BTC is trading slightly above $110,140, down around 1.4% for the day, according to market data from crypto.news. The cryptocurrency titan has dropped about 4% over the past week and is approximately 11.3% below its all-time peak of $124,128.
Likewise, Ethereum is hovering near $4,400, down roughly 3.9% for the day. While the asset remains up about 4.5% for the week, it has also decreased by 10.5% from its earlier high of over $4,900 just days prior.
Analysts suggest that large-scale sell-offs by major holders are a significant contributor to the recent market downturn, likely driven by the urge to secure profits from recent gains.
Nevertheless, both Bitcoin and Ethereum ETFs still manage billions in assets under management, indicating that overall institutional interest retains its strength. Their robust performance this year has been a vital factor in the assets’ gains, fueled further by interest from major corporations.
Looking ahead, many are keenly observing whether the positive trend in Ethereum and Bitcoin ETFs can be sustained, as continued inflows into these funds could provide the necessary impetus for price recovery in the near future.
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