{"id":4897,"date":"2024-08-08T14:00:03","date_gmt":"2024-08-08T14:00:03","guid":{"rendered":"https:\/\/technoghyan.com\/bitcoin-etf-a-strong-comeback-that-crushes-ethereum\/"},"modified":"2024-10-25T16:52:13","modified_gmt":"2024-10-25T16:52:13","slug":"bitcoin-etf-a-strong-comeback-that-crushes-ethereum","status":"publish","type":"post","link":"https:\/\/hindideep.org\/bitcoin-etf-a-strong-comeback-that-crushes-ethereum\/","title":{"rendered":"Bitcoin ETF: A Strong Comeback That Crushes Ethereum!"},"content":{"rendered":"<p><\/p>\n<p>\n<span class=\"block md:inline ml-1\"><br \/>\n<span class=\"published_at\">16:00 \u25aa<\/span><br \/>\n<span class=\"read_in\">4<\/span><br \/>\n<span class=\"read_in_text\">min reading \u25aa acc<\/span><br \/>\n<span class=\"obfuscated-link hover:text-primary-color wrote_by\" data-href=\"https:\/\/www.cointribune.com\/author\/esengacointribune-com\/\">Eddie S.<\/span><br \/>\n<\/span>\n<\/p>\n<div>\n<p>Bitcoin Exchange Traded Funds (ETFs) See Positive Inflows for the First Time in Three Days!  While Ethereum ETFs saw net outflows.  This dynamic reflects the contrasting movements of investors in the two major cryptocurrencies.<\/p>\n<div class=\"thumbnail post-cover-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.cointribune.com\/app\/uploads\/2024\/08\/bitcoin-crypto-11-1024x683.jpeg\" srcset=\"https:\/\/www.cointribune.com\/app\/uploads\/2024\/08\/bitcoin-crypto-11-1024x683.jpeg 1024w, https:\/\/www.cointribune.com\/app\/uploads\/2024\/08\/bitcoin-crypto-11-300x200.jpeg 300w, https:\/\/www.cointribune.com\/app\/uploads\/2024\/08\/bitcoin-crypto-11-768x512.jpeg 768w, https:\/\/www.cointribune.com\/app\/uploads\/2024\/08\/bitcoin-crypto-11.jpeg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" class=\"post-cover-image--img\" alt=\"Bitcoin Ethereum ETF Crypto\"\/><\/div>\n<h2 id=\"h-les-etf-bitcoin-renversent-la-tendance-ethereum-en-difficulte\">Bitcoin ETFs are reversing the trend!  Ethereum in trouble <\/h2>\n<p>On August 7, Bitcoin ETFs saw net inflows of $45.1 million, reversing a three-day trend of outflows totaling $554.4 million.  BlackRock&#8217;s iShares Bitcoin Trust (IBIT) led those inflows with $52.5 million.  WisdomTree&#8217;s BTCW followed with $10.5 million, posting the largest net inflow to date.  Grayscale&#8217;s Bitcoin Mini Trust added $9.7 million, while Bitwise&#8217;s BITB fund saw a net inflow of $3 million.  Conversely, Grayscale&#8217;s GBTC fund was the only bitcoin ETF to see net outflows, with withdrawals of $30.6 million.<\/p>\n<p>As for Ethereum, ETFs suffered a net outflow of $23.68 million on the same day after two consecutive days of inflows.  Withdrawals were mainly dominated by Grayscale&#8217;s ETHE fund with a withdrawal of $31.9 million.  Since its launch, the ETHE fund has accumulated a total of $2.23 billion in net outflows.  Other funds, such as Fidelity&#8217;s FETH, saw net inflows of $4.7 million.  Bitwise&#8217;s ETHW fund and Franklin Templeton&#8217;s EZET funds attracted net inflows of $1.7 million and $1.8 million, respectively.<\/p>\n<h2 id=\"h-le-marche-crypto-se-remet-doucement-de-la-crise\">The crypto market is slowly recovering from the crisis!<\/h2>\n<p>These fund moves coincide with a broader recovery in the crypto market, which continues to recover from the August 5 plunge.  This is supported by fears of a possible recession in the United States, the policy of the Federal Reserve and instability in the Japanese markets.  Bitcoin is currently up 1% in the last 24 hours and is trading at $57,379.  While Ethereum is down 42.9% over the same period, it is currently trading at $2,426.<\/p>\n<p class=\"post-conclusion\">Bitcoin ETFs are showing signs of recovery with positive inflows, while Ethereum ETFs continue to face net outflows.  These trends reflect diverging investor sentiments towards these two major digital assets amid heightened volatility that sent Bitcoin down 16%!<\/p>\n<div class=\"block-text-end-article\">\n<p>Maximize your Cointribune experience with our &#8220;Read and Earn&#8221; program!  Earn points for every article you read and get access to exclusive rewards.  Register now and start reaping the benefits.<\/p>\n<p>Join the &#8220;Read and Earn&#8221; program.<\/div>\n<div class=\"mt-10 bg-gray-100 dark:bg-gray-600 p-6\">\n<div>\n<div class=\"flex flex-col md:flex-row\">\n<div class=\"flex mx-auto sm:mr-10 sm:ml-0 sm:my-0 items-center\">\n<div class=\"rounded-full overflow-hidden h-(40px) w-(40px) md:h-(60px) md:w-(60px)\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"Eddie S avatar\" class=\"w-full h-full wrote_by_image\" width=\"80\" height=\"80\" src=\"https:\/\/www.cointribune.com\/app\/uploads\/2024\/02\/Eddy-1.svg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"Eddie S avatar\" class=\"w-full h-full wrote_by_image\" width=\"80\" height=\"80\" src=\"https:\/\/www.cointribune.com\/app\/uploads\/2024\/02\/Eddy-1.svg\"\/><\/noscript>\n<\/div>\n<p><span class=\"title !text-primary-color font-bold text-2xl mx-2 align-middle wrote_by obfuscated-link\" data-href=\"https:\/\/www.cointribune.com\/author\/esengacointribune-com\/\">Eddie S.<\/span>\n<\/div>\n<\/div>\n<div>\n<div class=\"mt-2 text-max-3-rows\">\n<p class=\"text-gray-500 dark:!text-gray-200 !p-0 text-sm md:text-base wrote_by_description\">The world is evolving and adaptation is the best weapon to survive in this wavy universe.  Originally a manager of the crypto community, I am interested in everything directly or indirectly related to the blockchain and its derivatives.  To share my experiences and raise awareness of a field that fascinates me, there is nothing better than writing articles that are both informative and relaxing.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p>DISCLAIMER OF LIABILITY<\/p>\n<p class=\"italic text-base\">The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice.  Before making any investment decision, do your own research.<\/p>\n<\/div>\n<p><script type=\"rocketlazyloadscript\">\n        function launch_facebook_pixel() {\n            !function(f,b,e,v,n,t,s)\n            {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n                n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n                if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n                n.queue=();t=b.createElement(e);t.async=!0;\n                t.src=v;s=b.getElementsByTagName(e)(0);\n                s.parentNode.insertBefore(t,s)}(window,document,'script',\n                'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n            fbq('init', '712914244332113');\n            fbq('track', 'PageView');        }<\/p>\n<p>        function launch_google_analytics() {\n            var el = document.createElement('script');\n            el.setAttribute('type', 'text\/javascript');\n            el.setAttribute('async', true);\n            el.setAttribute('src', '\/\/www.googletagmanager.com\/gtag\/js?id=G-MCDLS7NHBD');\n            document.body.append(el); 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Bitcoin Exchange Traded Funds (ETFs) See Positive Inflows for the First [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-currency"],"_links":{"self":[{"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/posts\/4897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/comments?post=4897"}],"version-history":[{"count":1,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/posts\/4897\/revisions"}],"predecessor-version":[{"id":5005,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/posts\/4897\/revisions\/5005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/media\/5000"}],"wp:attachment":[{"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/media?parent=4897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/categories?post=4897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/tags?post=4897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}