After several consecutive days in the red, the nine exchanged exchanges that follow Ethereum are back with the influx.
Summary
- Ethereum ETFs registered $ 288 million in net inflow on August 21, ending several consecutive days of losses.
- The ETH price remains under pressure and acts slightly above $ 4,238, a decrease of 0.72% in the last 24 hours, but an increase of 15% for the month.
- Bitcoin ETFs continued to see outflow, lost $ 194 million and marked five consecutive days of recordings.
Ethereum ETFs registered a total of $ 288 million in net inflow on August 21, which ends a four-day series of underperformance. Sosovalue facts Showed BlackRock’s Etha led the inflow with a lion’s share of $ 233 million, which performed the rest of funds better with a large margin.
Fidelity’s Feth followed with just under $ 29 million, while the rest of the issuers attracted much smaller numbers within the range of $ 6 million to $ 7 million. The fresh intake even as ETH (ETH) continues its decline, which suggests that the importance of institutional investors is slowly returning.
At the time of writing, ETH trades a little more than $ 4,238, a modest 0.72% in the last 24 hours. The second largest crypto is a downward trend for weeks, after the meeting above $ 4,700 had a shortage and difficulty retaining Momentum. So far this week this week has fallen by around 8%, although this month it has risen by 15%.
The price fall for the weeks was one of the biggest motives of the negative performance of the listed funds, which jointly lost almost $ 926 during their bleeding streak.
Ethereum ETFs perform better than Bitcoin ETFs
Although Ethereum-oriented funds have begun to stabilize, Bitcoin (BTC) ETFs remain under pressure. During the week, investors received money from stock market-related funds that follow BTC, driven by a profit attempt and a wider cooling question.
During their latest trade session, Bitcoin ETFs, in contrast to their Ethereum opposite, hangers, included $ 194 million. This meant the fifth consecutive day of losses for the funds, with the total loss until now reached nearly $ 1.2 billion.
The last withdrawals were concentrated under five of the 12 American listed issues, including BlackRock, Fidelity, Grayscale, Ark 21Shares and Franklin Templeton, while the remaining seven did not register any activity.
Just like ETH, Bitcoin is also in a downward trend this week. At the time of writing, BTC acts at $ 113,216, with 5% during the week and about 8.8% lower than this month $ 124.128.
