Ethereum ETFs Lead with $524M as Bitcoin ETFs Record $65.94M Inflow

Ethereum ETFs Score Big with $524M 

The rising Ethereum ETFs inflow are making waves in the industry of cryptocurrency. According to SoSoValue the daily total net Inflow of Ethereum ETFs has been recorded at $523.92M, cumulative sum of $11.36B and has a sum of $27.6 billion. 

If you compare Ethereum ETFs highs and lows from the data of past 6 days, then would come to know that it reached its highest on August 8 with the daily overall of $1.02B, lowest on August 4 with -$523.92 (huge downfall) and at both the times, coin was trading at $4,259 -$3,669.  This shows that it was raised in just 3 days, made a record and is now running at green path, coin is leading the way. 

Source: SoSo Value

As per the data of CoinMarketCap the coin is trading at $4,620.57, up 7.59% today, hovering around all-time high. Big players like BitMine Immersion, holding 1,150,263 ETH and planning $24.5M more and are fueling the rally and intensifying investor competition.

The Blackrock is leading the charge with daily sum of $318.67 million with a cumulative net inflow of $10.81B. Whereas, Fidelity(FETH) followed it with total inflow of $144.93 million with a  cumulative influx of $2.8 Billion.

Spot Bitcoin ETFs See $65.94M influx

Bitcoin is currently trading at $119,785 (at the time of writing) and has risen by 0.64% in 24 hours. The total daily sum of BTC is $65.95 million and overall value is $155.02B. 

If compared to the last 6 days then BTC went at its highest daily influx of $403.88 million on August 8 and lowest recorded at -$196.18 million.  

Source: SoSo value 

Although, Bitcoin ETF inflow is less from yesterday’s $178.15 million, it might surge soon as the investors and big institutions trust blindly on this asset. More buyings might surge its price and Bitcoin inflow soon. 

ETH Dominates, Leaving Bitcoin Behind

As if you compare the prices of both the coins then there is huge difference between them and it is very much difficult for the coin to come parallel to Bitcoin at the current scenario.

But on the other hand if you observe the slow moving ETH, prices rising per day and inflows are also increasing on a daily basis. This might help Ethereum to win investors' trust and confidence to invest in it more. 

Final Thoughts 

Ethereum ETFs are gaining serious momentum, raking in $524M in a single day and hitting record highs. With prices climbing and big players like BlackRock and BitMine backing it. Its  steady rise in inflows could soon challenge Bitcoin’s dominance, boosting investor confidence in altcoin's long-term potential.

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