Bitcoin ETFs See $643M Outflow, Ethereum Stays Strong
Bitcoin ETFs face $643M outflow after 7-week streak, while Ethereum ETFs log 12th week of gains with $154M inflow.
- Bitcoin ETFs end 7-week inflow streak with $643M in outflows.
- Ethereum ETFs gain $154M, continuing 12 weeks of inflows.
- ETHA was the only Ethereum ETF to register positive inflows.
Last week marked a significant shift in investor sentiment toward spot Bitcoin ETFs. From July 28 to August 1 (U.S. Eastern Time), these funds recorded a collective net outflow of $643 million. This ended an impressive seven-week run of continuous inflows, raising questions about short-term confidence in Bitcoin’s price stability.
Several factors may have influenced this downturn, including global macroeconomic uncertainties, renewed regulatory scrutiny, and profit-taking behavior as Bitcoin struggles to hold above key technical levels. The outflows suggest investors might be temporarily pulling back as they reassess market conditions.
Ethereum ETFs Hold Their Ground
In contrast to Bitcoin’s decline, spot Ethereum ETFs continue to attract investor interest. They posted a net inflow of $154 million during the same period, extending their streak to twelve consecutive weeks of positive flows.
This growing interest in Ethereum may be driven by the upcoming upgrades to the Ethereum network, rising DeFi activity, and a broader shift toward altcoin diversification. Notably, among the nine Ethereum ETFs in the market, only one—ETHA—managed to record positive inflows last week, emphasizing how investor interest is being consolidated into select products.
What This Means for the Market
The divergence in ETF flows between Bitcoin and Ethereum highlights a shifting dynamic in crypto investment strategies. While Bitcoin remains the dominant asset in the space, Ethereum is increasingly being viewed as a long-term growth play. This could signal broader institutional acceptance of Ethereum’s evolving use cases, from smart contracts to tokenization of real-world assets.
Market watchers will be keen to see if Ethereum can maintain its momentum and whether Bitcoin inflows can rebound in the coming weeks.
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