Bitcoin ETFs Add 1,515 BTC; Ethereum ETFs Record 10,760 ETH in Outflows
In a recent X post, Lookonchain reported that Bitcoin ETFs added up to 1,515 BTC, which is approximately $91.78 million. This positive flow indicates strong investor confidence in the leading cryptocurrency. Notably, the ARK 21Shares ETF contributed significantly to these inflows.
The ARK 21Shares ETF alone witnessed a net inflow of nearly 874 BTC, valued at around $52.94 million. This substantial addition has increased the ETF’s total holdings to 47,505 BTC, worth approximately $2.88 billion. The continued inflows into Bitcoin ETFs suggest a bullish sentiment among investors.
Grayscale Accounts for Most of the Outflows from ETH ETFs
In contrast, Ethereum ETFs have experienced a decline. On August 22, a total of 10,760 ETH reportedly exited Ethereum ETFs, equating to $28.14 million. This shift reflects a waning interest among investors in Ethereum. Grayscale’s Ethereum Trust (ETHE) was responsible for the majority of these outflows.
According to Lookonchain, the Grayscale ETF saw 14,340 ETH in outflows, amounting to $37.5 million. Despite these negative flows, the ETF still holds 1,842,151 ETH, valued at approximately $4.82 billion. Lookonchain’s analysis highlights that the contrasting ETF flows indicate differing investor sentiments towards Bitcoin and Ethereum, which may have significant implications for the broader cryptocurrency market.
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