Despite the recent decline in Bitcoin and Ethereum prices, ETFs for these cryptocurrencies continue to attract investments.
Impact of Price Declines on ETFs
The recent drop in the prices of Bitcoin, Ethereum, and altcoins has also affected US ETFs, which had previously shown growth. However, investors view the decline as a buying opportunity, leading to outflows from ETFs alongside inflows.
Inflow Trends in Bitcoin ETFs
On August 26, US Bitcoin ETFs recorded net inflows. Data from Farside Investors shows that $88.1 million was invested into Bitcoin ETFs over two days. The largest inflow came from BlackRock's IBIT fund with $45.3 million, followed by Fidelity's FBTC fund with $14.5 million and Bitwise's BITB fund with $9 million.
Ethereum ETF Dynamics
Ethereum ETFs are also experiencing inflows, totaling $455 million over four consecutive days. BlackRock's ETHA fund led with $323 million in inflows, followed by Fidelity's FETH fund with $85.5 million and Grayscale's ETH fund with $41.1 million. Other funds recorded no inflows.
Thus, despite the overall volatility of the cryptocurrency market, there is a positive trend in inflows into Bitcoin and Ethereum ETFs, indicating a growing interest among investors.
