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Spot ethereum ETFs outpace bitcoin ETF inflows
Inflows into spot ethereum ETFs are flipping bitcoin’s. On Wednesday, around $309.5 million entered into US spot ethereum ETFs, extending a five day streak of positive inflows, data from SoSoValue shows. Notably, so far in August, ethereum ETFs have notched $4 billion billion in inflows, while US spot bitcoin ETFs have seen $803 million of outflows, the second-highest on record, a sign of investor rotation away from bitcoin. Matt Hougan, the chief investment officer of crypto asset manager Bitwise said in an X post, “There is a relentless bid for ETH atm.” Top holders of ethereum ETFs include Goldman Sachs ... (full story)
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