{"id":15861,"date":"2024-08-06T11:18:00","date_gmt":"2024-08-06T08:18:00","guid":{"rendered":"https:\/\/forklog.com\/en\/investors-increase-ethereum-etf-holdings-amid-crypto-market-downturn\/"},"modified":"2024-08-06T11:18:00","modified_gmt":"2024-08-06T08:18:00","slug":"investors-increase-ethereum-etf-holdings-amid-crypto-market-downturn","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/investors-increase-ethereum-etf-holdings-amid-crypto-market-downturn\/","title":{"rendered":"Investors Increase Ethereum ETF Holdings Amid Crypto Market Downturn"},"content":{"rendered":"<p>On August 5, total inflows into ETH-ETF reached $48.7 million, marking the second-highest result since the products were approved. This data is provided by <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-eth-spot\">SoSoValue<\/a>.<\/p>\n<p>The net outflow for the entire period decreased to $462 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1140.webp\" alt=\"1-1140\" class=\"wp-image-238411\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Total withdrawals from the Grayscale Ethereum Trust (ETHE) increased to $2.16 billion. On August 5, the figure rose by $46.8 million.<\/p>\n<p>Positive trends in the products were driven by inflows into ETHA from BlackRock ($47.1 million).<\/p>\n<p>In addition, inflows were recorded for:<\/p>\n<ul class=\"wp-block-list\">\n<li>ETHV from VanEck \u2014 $16.6 million;<\/li>\n<li>FETH from Fidelity \u2014 $16.2 million;<\/li>\n<li>ETH from Grayscale \u2014 $7.6 million;<\/li>\n<li>ETHW from Bitwise \u2014 $7.2 million;<\/li>\n<li>EZET from Franklin Templeton \u2014 $0.9 million.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-853.webp\" alt=\"2-853\" class=\"wp-image-238412\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>BTC-ETF<\/strong><\/h2>\n<p>Spot Bitcoin ETFs continued to experience negative inflow dynamics. Net outflows were recorded at $168.4 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-482.webp\" alt=\"3-482\" class=\"wp-image-238413\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Trading volume increased.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/38915\" data-width=\"100%\"><\/script><\/p>\n<p>Investors contributed $21.8 million to BTC from Grayscale, $3 million to HODL from VanEck, and $2.9 million to BITB from Bitwise.<\/p>\n<p>This was insufficient to offset withdrawals from GBTC by Grayscale ($69.1 million), ARKB by 21Shares ($69 million), and FBTC by Fidelity ($58 million).<\/p>\n<p>No changes were recorded for other instruments.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-307.webp\" alt=\"4-307\" class=\"wp-image-238414\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Total inflows <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">since the approval<\/a> of BTC-ETF in January have decreased to $17.3 billion.<\/p>\n<p>In a related development, 15,000 financial advisors at Morgan Stanley will begin offering their clients exchange-traded funds based on the first cryptocurrency, according to media reports.<\/p>\n<p>Previously, Bitwise CIO Matt Hougan predicted Bitcoin could reach $100,000 by the end of the year. He cited the <a href=\"https:\/\/u1f987.com\/en\/news\/bitwise-predicts-imminent-access-to-bitcoin-etfs-for-major-investment-platforms\">approval of instruments<\/a> by major capital management platforms, including Morgan Stanley and Wells Fargo, as a driving factor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 5, total inflows into ETH-ETF reached $48.7 million, marking the second-highest result since the products were approved. This data is provided by SoSoValue. The net outflow for the entire period decreased to $462 million. Data: SoSoValue. Total withdrawals from the Grayscale Ethereum Trust (ETHE) increased to $2.16 billion. On August 5, the figure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,1145],"class_list":["post-15861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15861"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15860"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}