In recent months it has often been Ethereum (ETH) that Bitcoin (BTC) is in charge of the US stock exchanges. The ETFs for the Altcoin have never performed so well and put the record -breaking Bitcoin ETFs aside. But in recent days the contrast between the two is very large.
ETF market chooses ETH above BTC
The last five days were all the cash register for the listed Ethereum funds. The Bitcoin funds, on the other hand, saw capital disappear last Thursday and Friday. And especially in the past two days, they have really picked up a lot less than the Ethereum products.
Below the results of all Bitcoin funds (a total of 9) and Ethereum funds based on data from Farside Investors.
| Day | Bitcoin ETF’s | Ethereum ETF’s |
|---|---|---|
| 21 augustus | – $ 194.4 million | + $ 287.6 million |
| 22 augustus | – $ 23.2 million | + $ 337.7 million |
| 23 augustus | + $ 219.1 million | + $ 443.9 million |
| 24 augustus | + $ 88.1 million | + $ 455 million |
| 25 augustus | + $ 81.4 million | + $ 307.2 million |
At the bottom of the line, this means that a total net inflow of 171 million dollars for Bitcoin and 1.83 billion dollars for Ethereum. And that while Bitcoin is more than four times as large as Ethereum in market capitalization (the total value of all coins in circulation).
We also see that in the rates. Bitcoin has fallen around 1 percent since Thursday, while Ethereum has won almost 6 percent.
10 billion dollars in 2 months
ETF expert Nate Geraci still wrote on social media platform X that the Ethereum ETFs have already collected $ 4 billion in August. Almost 10 billion dollars has been welcomed since July. Those are figures that we never dared to dream of a few months ago.
Since the launch last July, the funds are now on a net inflow of $ 13,651 billion. The Bitcoin funds have already seen $ 54,165 flow in, but were also launched in January.
Source: https://newsbit.nl/ethereum-etfs-halen-in-5-dagen-10-keer-meer-geld-op-dan-bitcoin/
