Ethereum ETFs kept growing. They received $307million on Aug.27 primarily via BlackRock ETHA which received $262million. It was the fifth consecutive day of growth, which amounted to 1.83 billion dollars. Ethereum ETFs now account for total assets of $30.17billion and of 13.64billion since inception.
BlackRock, Fidelity, Grayscale Lead the Pack
Fidelity FETH accrued an addition of 20.52 million and Grayscale ETH accrued an addition of 15.05 million. Other ETFs added less. These large inflows indicate that institutions are interested in additional Ethereum. In August, analysts reported that $4 billion was invested into Ethereum ETFs.
Bitcoin ETFs See Modest Gains Amid Monthly Bleed
The same day, Bitcoin ETFs only gained 81.3 million dollars in contrast to large Ethereum inflows. ITBIT by BlackRock received 50.7 million dollars followed by Fidelity, Invesco and Franklin. In August, however the figures shifted and investors withdrew over 800 million dollars in BTC ETFs, indicating a shift in opinions regarding Bitcoin.
Bitcoin Long-term Holdings remain on top.
Bitcoin ETFs have an asset base of $144.57billion even after the recent outflows. Since inception, they have had a net inflow of 54.19billion. The purchase of BTC continues by financial advisors and other institutions, which demonstrates that Bitcoin is turning into an ordinary aspect of wealth management and could be more stable in the future.
