Institutional interest shifts as Bitcoin ETFs attract capital, Ethereum ETFs continue to bleed

Quick Take

Bitcoin

On Aug.21, Bitcoin ETFs experienced inflows totaling $39.5 million, according to data from Farside. BlackRock’s IBIT saw an $8.4 million inflow, followed by Fidelity’s FBTC, which saw a $10.7 million increase. Bitwise’s BITB and Invesco’s BTCO also contributed, with $10.0 million and $2.5 million in inflows, respectively. Franklin Templeton added $3.5 million, while Grayscale BTC saw a $14.2 million inflow. However, Grayscale’s GBTC ETF experienced a $9.8 million outflow, slightly dampening the overall positive trend. These inflows bring the total assets in Bitcoin ETFs to $17.6 billion.

Bitcoin ETF Flow: (Source: Farside)
Bitcoin ETF Flow: (Source: Farside)

Ethereum

In contrast, Ethereum ETFs continued to struggle, marking their fifth consecutive trading day of outflows. The latest data shows an $18 million outflow, driven by a significant $31.1 million withdrawal from Grayscale’s ETHE. According to Farside data, this brings the total outflows from Ethereum ETFs to a substantial $458.5 million. The ongoing outflows highlight a shift in investor sentiment away from Ethereum, even as Bitcoin continues to attract capital.

Ethereum ETF Flow: (Source: Farside)
Ethereum ETF Flow: (Source: Farside)

The post Institutional interest shifts as Bitcoin ETFs attract capital, Ethereum ETFs continue to bleed appeared first on CryptoSlate.

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