While the Ethereum (ETH) course corrects, the Spot-ETF’s Historical Success are achieving. The funds now record twenty days in a row of net flows. This puts ETH a record that even leaves Bitcoin behind.
Ethereum course drops light, but ETFs continue to grow
After a peak of $ 3,930 earlier this week, the Ethereum course is now around $ 3,620. Yet the adoption of the network is going well. Investors continue to board en masse via the Ethereum Spot Exchange-Traded Funds (ETFs).
According to Data from Farside, there are now twenty trading days in a row of net flows. That is a new record for Ethereum. The previous longest series – nineteen days – ran from 16 May to 12 June.
Inflow above $ 5 billion, BlackRock fund breaks border
In total, $ 5.38 billion flowed to the Ethereum ETFs in twenty days. The largest day was July 16, when 726.6 million dollars arrived in one day. This also achieves another milestone: the Ishares Ethereum Trust ETF from BlackRock now manages $ 11.25 billion.
The fund took only 251 days to reach this limit. Only the Bitcoin ETFs from BlackRock and Fidelity were faster, with 34 and 53 days respectively.
Decreasing inflow, but record remains
Although the daily enrollment decreases in the last days-yesterday $ 17 million, 5.8 million on Wednesday-the net inflow remains positive. With that Ethereum maintains its impressive series.
After BlackRock, the Ethereum Trust ETF of Grayscale is in second place with $ 4.82 billion in assets.
Bitcoin ETFs in red
While Ethereum is breaking records, the sentiment around the Bitcoin (BTC) ETF’s is more negative. Today the fund records an outflow of $ 114.8 million. That comes with inflow after a short five -day series.
The difference is also visible in the course. Where BTC moves sideways after its all-time high, the value of ETH increased by fifty percent in one month compared to Bitcoin.
Source: https://newsbit.nl/ethereum-etfs-zetten-recordreeks-neer-al-20-dagen-aan-instromen/
