Spot Bitcoin ETFs experienced a $812.25 million outflow, the second-largest in history. This led to a total net inflow of $54.18 billion and total assets under management of $146.48 billion, equal to 6.46% of Bitcoin’s market cap. Despite the outflow, trading volumes remained strong with $6.13 billion exchanged.
Ether ETFs saw a $152.26 million outflow, ending a 20-day inflow streak. Total assets under management now stand at $20.11 billion, or 4.70% of Ether’s market cap. Grayscale’s ETHE led the losses, shedding $47.68 million. The combined value traded across all spot Ethereum ETFs was $2.26 billion.
Corporations are acquiring Ether at double the rate of Bitcoin, with crypto treasury firms buying up around 1% of Ethereum’s total circulating supply since June. This accumulation, along with steady inflows into US spot Ether ETFs, has been a key driver behind Ether’s recent rally. Standard Chartered predicts ETH could surpass $4,000 by year-end.
Read more at CoinTelegraph: Spot Bitcoin ETFs See $812M Outflow as Ether ETFs Break 20-Day Inflow Streak
