After the solid end in January, the bitcoin Spot ETFs have shown some mixed reactions to macroeconomic uncertainty that began with the rates of the president of the United States Trump.
In contrast, the ETFs of ethereum have enjoyed last week by registering more net tickets than their btc counterparts for the first time.
ETF of ethereum see a substantial demand
Remember that the beginning of the ETF ethereum at the end of July of last year was anything but impressive since investors were in a hurry to take out their funds from the gray scale, which now became a bottom quoted in the stock exchange. However, unlike the case with btc, where they transferred most of the amount to Ibit and other ETFs, all ethereum products were red for many weeks.
However, things <a target="_blank" href="https://farside.co.uk/ethereum-etf-flow-all-data/” data-wpel-link=”external” target=”_blank”>change A few weeks after the US elections, and the ETFs had a period of 19 consecutive days with only net entries or at least without reportable exits. A similar but smaller streak recovered in mid -January and in the last week and a half too. January 29 was the last date for the net exits of the spot eth Ethfs, with a lower $ 4.7 million that leaves the funds.
Since then, it has been fine in green or without departure. Only last week he saw $ 83.6 million on Monday, a notable $ 307.8 million on Tuesday and $ 18.1 million more modest on Wednesday, as well as $ 10.7 million on Thursday. Friday was a day without action.
This puts the total of the week at $ 420.2 million, which is quite impressive given economic uncertainty. Meanwhile, however, the eth price has fallen by more than 14% and has now struggled to remain over $ 2,600.
Different bitcoin story
The Spot bitcoin ETF, which recently celebrated its first birthday, had a different week. On Monday, the first business day after tariffs against China, Mexico and Canada, investors withdrew $ 234.4 million of the funds, followed by another $ 140.2 million on Thursday.
He <a target="_blank" href="https://farside.co.uk/bitcoin-etf-flow-all-data/” data-wpel-link=”external” target=”_blank”>positive numbers On Tuesday ($ 340 million), Wednesday ($ 66.4 million) and Friday ($ 171.3 million) managed to compensate for losses, and btc ETFs ended the week with $ 203.8 million in net tickets. However, it points out an important change (or Flipping, if you wish) between the ETFs of ethereum and the bitcoin counterparts.
Within this period of time, the price of btc was also hard south, throwing less than $ 92,000 on Monday, but has lost 3% more modest on a weekly scale, compared to the 14% fall of eth .
Free Binance $ 600 (Cryptopotato Exclusive): Use this link to record a new account and receive an exclusive welcome offer of $ 600 in Binance (Complete details).
Limited offer for Cryptopotate readers at Bybit: Use this link to register and open a free $ 500 position in any currency!
<!– ai CONTENT END 1 –>