Crypto ETF Recap: Ethereum Still Outpaces Bitcoin, but Cracks Are Emerging
๐ **Bitcoin ETFs Show Resilience:** After a challenging eight-week period with significant outflows, Bitcoin ETFs saw a turnaround with nearly $200 million in inflows during the first week of July, culminating in a modest net gain of $33.79 million last week.
๐ **Ethereum ETFs Shine Bright:** Ethereum ETFs outperformed Bitcoin, attracting over $104 million in net inflows, with only one day of outflows, as the underlying asset surged past $1,950 before experiencing a slight pullback.
๐ **Market Trends Under Scrutiny:** Despite the recent gains, both Bitcoin and Ethereum ETFs are still facing challenges, with Ethereum's inflows recovering to over $200 million in three weeks but remaining below May's peak of $12.09 billion.
๐ **Bitcoin ETFs Show Resilience:** After a challenging eight-week period with significant outflows, Bitcoin ETFs saw a turnaround with nearly $200 million in inflows during the first week of July, culminating in a modest net gain of $33.79 million last week.
๐ **Ethereum ETFs Shine Bright:** Ethereum ETFs outperformed Bitcoin, attracting over $104 million in net inflows, with only one day of outflows, as the underlying asset surged past $1,950 before experiencing a slight pullback.
๐ **Market Trends Under Scrutiny:** Despite the recent gains, both Bitcoin and Ethereum ETFs are still facing challenges, with Ethereum's inflows recovering to over $200 million in three weeks but remaining below May's peak of $12.09 billion.