“The king returns. After ETF Ethereum has been overtaken for several days, ETF Bitcoin returned leadership by the inflow of funds, fixing $ 332 million only on September 2. Therefore, institutional investors seem to seek to return to the king of cryptocurrencies after a short transition through Ethereum. Visit Wall Street to find out about an update about the inflow of funds in cryptotff. Key moments […]”, – WRITE: Businessua.com.ua
The king returns. After ETF Ethereum within a few days of their They were overtaken, ETF Bitcoin returned the lead in the inflow of funds, fixing $ 332 million only on September 2. Therefore, institutional investors seem to seek to return to the king of cryptocurrencies after a short transition through Ethereum. Visit Wall Street to find out about an update about the inflow of funds in cryptotff.
The key points of this article:
- Bitcoin etf in one day suffered an extraordinary inflow of 332 Millions of dollars, which again exceeded the ETF Ethereum.
- ETF on Ethereum was shock with a negative flow of $ 135 million, leaving ETF on Bitcoin in the first place.
According to SOSVALUE, September 2 Bitcoin-ETF recorded a total positive inflow in size 332 million dollars, and the FBTC Fund from Fidelity attracted the largest capital – 132 million dollars. Followed by ibit from Blackrock with $ 72 million and GBTC from Grayscale with $ 57 million.
Of ETF Ethereum the situation is quite gloomy: in general the negative stream was 135 million dollars. Only Feth Fund from Fidelity recorded an outflow in size 99 million dollars, and Ethw by Bitwise lost 24 million dollars.
Bitcoin-ETF restore the turnover and overtake their analogues Ethereum-Source: Sosovalue
… Since Ethereum Etf recorded a negative flow of $ 135 million After a few days of leadership, ETF Ethereum take a break and are inferior to a place Bitcoin ETF . According to Nick Cancer, Director of LVRG Research, quoted by The Block, this situation may be due to the fact that institutional investors “Redeem their portfolios to take advantage of the perceived stability of Bitcoin in an indefinite macroeconomic context” .
Indeed, though profitability which he offers Ethereum is attractive, the market remains more by a volatile, than the Bitcoin market, and Institutional investors who are careful by nature, they may well prefer that the king of cryptocurrency survives winter.
But despite this, both cryptocurrencies continue to raise capital and institutional investors who finally have access to these digital assets through ETF. And this is not the end! Over 90 stock products are waiting for their time And it is expected to raise billions of dollars as soon as they become available.
Source: Journalducoin.com
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