Ethereum etfs experience of $ 103 million, as you see Bitcoin huge flows ⋅ Crypto World Echo
Main meals:
- Last week, Ethereum ETFS witnessed a net of $ 103 million.
- ETF of Blackrock has seen the largest output flows, a flagrant contradiction with her success with Bitcoin.
- Bitcoin Etfs continued to pay strong institutional investments, which expands the gap between Bitcoin and Ethereum Etfs.
ETF Bitcoin prices have reached the highest level while ethereum etfs struggle
Last week, a difference in the performance of the investment funds in encryption showed; Ethereum ETFS has recorded a net $ 103 million (March 17 – March 21). This number comes in a flagrant contradiction with the constant success of the Bitcoin investment funds, according to Sosovalue data. Since Bitcoin’s investment funds are installed, the same thing is not the case with Ethereum.
The numbers draw a picture of changes in the investor mood. The largest weekly weekly flow that Ethereum ETF was from Ethereum ETF (ETHA) from Blackrock, which reported a net flow of $ 74 million. According to Sosovalue, ETHE recorded a simple weekly flow of $ 2.87 million. However, the total external flow is still much higher at $ 4.17 billion. Meanwhile, the total value of the total assets of all investment funds circulated in ETHEREUM $ 6.77 billion, which represents 2.84 % of the total market value of ETHEREUM. Total historical cumulative flows to $ 2.42 billion.
Blackrock tops lead Bitcoin ETF flows as etherum declines
The performance of the Bitcoin’s investment funds stands in a flagrant contradiction with Ethereum etfs. During the same time frame, Bitcoin’s investment funds witnessed a weekly flow of $ 744 million. The new money list of Blackrock’s Bitcoin ETF (IBIT) is at the top of $ 538 million. As of March 22, Bitcoin Etfs represents 94.35 billion dollars, which exercises about 5.65 % of the total market ceiling of $ 1.667 trillion, with IBIT from Blackrock for six consecutive trading sessions.
What is behind the difference? Bitcoin’s institutional appetite rises
While the increasing demand for institutions appears to be the main cause of ETF’s success, the demand for Bitcoin is its highest level since before FTX’s crash in 2022. According to reports, new investors were said to have bought more than 172,705 BTC since February 23 this year, causing interest in the kars.
More importantly, potential flows can be from sources such as American pension funds and targeted history boxes (TDFS). They can save 103 to $ 122 billion of liquidity for the American stock market. If a small part (5-10 %, or about 1-2 billion dollars) is allocated to Bitcoin and other encrypted currencies, it may have a significant effect. Although there is an opportunity to find these flows in the end its way to the ethereum market, it seems to support Bitcoin.
The last activity surrounding Ethereum etfs, such as the large external flow of Blackrock’s etha, raises the question: Are investors losing confidence? Bitcoin has a story from the story of scarcity and digital gold, while Ethereum is sometimes viewed more because it moves to prove bullets and central questions.
More news: Not only XRP and Ethereum: Traders are betting on this new altcoins that explode in Q2
Pamphlet Ethereum etfs experience of $ 103 million, as you see Bitcoin huge flows First appear on Cryptoninjas.
