Ether ETFs see net outflows while Bitcoin gains inflows, with potential for Ether to catch up

From Nasdaq Corporation

August 23, 2024 4:46:49 pm:

Ether ETFs in the U.S. have seen six consecutive days of net outflows, contrasting with Bitcoin’s steady inflows. The Grayscale Ethereum Trust conversion contributed to this trend, with Ether ETFs experiencing $458 million in outflows. Bitcoin ETFs, on the other hand, attracted over $3 billion in the first 20 days of trading.

Investor sentiment may shift as the broader crypto market stabilizes, potentially benefiting Ether ETFs. However, Bitcoin currently dominates the crypto ETF landscape, with Ether struggling to catch up. The upcoming months will be crucial in determining whether Ether ETFs can gain traction and compete with Bitcoin counterparts.

Read more at Nasdaq: Ether ETFs See Net Outflows as Bitcoin Dominates Crypto ETFs