Ethereum ETFs continue to attract significant capital inflows, demonstrating sustained interest from institutional investors, while interest in Bitcoin ETFs wanes.
Record Inflows for Ethereum ETFs
Ethereum ETFs recorded $729 million in inflows during their latest trading session on August 13, surpassing Bitcoin ETFs significantly. BlackRock's funds gathered the lion's share with $501 million, followed by Fidelity and Grayscale with $154.7 million and $51 million, respectively. This total marked the second-largest single-day inflow in the fund's history, just behind the record $1.02 billion set earlier this month.
Declining Interest in Bitcoin ETFs
In contrast to the successes of Ethereum ETFs, Bitcoin tracking funds are showing a decline in demand. In their latest trading sessions, they attracted only $86.9 million, continuing a trend of poor performance. The main issuers contributing the most were Ark and Fidelity, with $37 million and $27 million, respectively.
Institutional Investors Choose Ethereum
The growing interest from institutional investors is further confirmed by statements from representatives of major companies. For instance, Joseph Chalom, co-CEO of SharpLink, stated that Ethereum is viewed as 'a technology capable of transforming the financial system.' He added that their strategy focuses on increasing Ether holdings. Estimates suggest that over $14 billion have been invested in Ethereum by large corporations in recent months.
The current situation underscores Ethereum's strong market position, supported by substantial capital inflows. The future development of this situation largely depends on maintaining institutional investors' interest.
