Ethereum ETFs Lead with $524M as Bitcoin ETFs Record $65.94M Inflow
Ethereum ETFs Score Big with $524Mย
The rising Ethereum ETFs inflow are making waves in the industry of cryptocurrency.ย According to SoSoValueย the daily total net Inflow of Ethereum ETFs has been recorded at $523.92M, cumulative sum of $11.36B and has a sumย of $27.6 billion.ย
If you compare Ethereum ETFs highs and lows from the data of past 6 days, then would come to know that it reached its highest on August 8 with the daily overall of $1.02B, lowest on August 4 with -$523.92 (huge downfall) and at both the times, coin was trading at $4,259 -$3,669.ย This shows that it was raised in just 3 days, made a record and is now running at green path, coin is leading the way.ย
Source: SoSo Value
As per the data of CoinMarketCap the coin is trading at $4,620.57, up 7.59% today, hovering around all-time high.ย Big players like BitMine Immersion, holding 1,150,263 ETH and planning $24.5M more and are fueling the rally and intensifying investor competition.
The Blackrock is leading the charge with daily sum of $318.67 million with a cumulative net inflow of $10.81B. Whereas, Fidelity(FETH) followed it with total inflow of $144.93 million with aย cumulative influxย of $2.8 Billion.
Spot Bitcoin ETFs See $65.94M influx
Bitcoin is currently trading at $119,785 (at the time of writing) and has risen by 0.64% in 24 hours. The total daily sumย of BTCย is $65.95 million and overall value is $155.02B.ย
If compared to the last 6 days then BTCย went at its highest daily influxย of $403.88 million on August 8 and lowest recorded at -$196.18 million.ย ย
Source: SoSo valueย
Although, Bitcoin ETF inflow is less from yesterdayโs $178.15 million, it might surge soon as the investors and big institutions trust blindly on this asset. More buyings might surge its price and Bitcoinย inflow soon.ย
ETH Dominates, Leaving Bitcoin Behind
As if you compare the prices of both the coins then there is huge difference between them and it is very much difficult for the coinย to come parallel to Bitcoin at the current scenario.
But on the other hand if you observe the slow moving ETH, prices rising per day and inflows are also increasing on a daily basis. This might help Ethereumย to win investors' trust and confidence to invest in it more.ย
Final Thoughtsย
Ethereum ETFs are gaining serious momentum, raking in $524M in a single day and hitting record highs. With prices climbing and big players like BlackRock and BitMine backing it. Itsย steady rise in inflows could soon challenge Bitcoinโs dominance, boosting investor confidence in altcoin's long-term potential.
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