Bitcoin ETFs had positive net sales, while Ether saw slight outflows, overall neutral impact.

From Investing.com.
August 26, 2024 08:47:23 AM:

J.P. Morgan reports U.S. spot ETFs had net sales of $65 million last Thursday, with investors closely watching the Jackson Hole meeting for market-moving news. However, sentiment around Ether appears to be cooling off, with slight net redemptions of $1 million.

Excluding Grayscale’s ETHE, Ether ETFs had gross flows of $19 million. Grayscale Ethereum Trust experienced net redemptions of -$20 million, while Fidelity’s Ethereum Fund led with $14 million in net sales.

Van Eck’s Ethereum ETF attracted $1 million, while BlackRock’s iShares Ethereum Trust ETF saw no new activity. BlackRock’s iShares Bitcoin Trust led in Bitcoin ETF flows, bringing in $76 million in sales.

Grayscale’s Bitcoin Trust recorded $28 million in outflows, contributing to a loss of over $18 billion from its net assets since launch. Fidelity’s Wise Origin Bitcoin Fund followed with $9 million in net sales.

Bitwise’s Bitcoin ETF faced -$12 million in redemptions, while other vehicles saw low to mid-single-digit millions in sales. Note Bitwise’s BITB also experienced -$12 million in redemptions.

Read more at Investing.com: Spot Bitcoin ETFs continue positive streak, Ether logs slight outflows By Investing.com