The ETF Ethereum attract almost USD $ 300 million while the ETF Bitcoin see exit

By Hannah Pérez

The ETF Ethereum and the ETF Bitcoin took opposite directions on Monday, with the former attracting millions while the latter broke the prolonged run of tickets. The flows were the line with the price action.

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The ETF Ethereum and the ETF Bitcoin took opposite directions on Monday.
ETH funds expanded ticket streak with USD $ 296.59 million more.
Meanwhile, their Bitcoin peers saw their first exit in days for USD $ 131 million.
ETF flows were in line with the price action of the crypto market.
BTC lost its domain giving signs of the return of the Altcoins season.

The funds quoted in the stock market (ETF) of Ethereum in cash in the United States, another day of net capital tickets were secured while their peers based on Bitcoin They break the positive streak.

On Monday, the 9 ETF with direct exposure to Ether of the US market They jointly attracted USD $ 296.59 million of investors, extending the run of daily tickets per dozava consecutive session, show the data of Sosovalue.

Last week, the fund cohort had established a new historical record by capitalizing income for more than USD $ 2 billion for the first time in a commercial period of five days. The ETF of Ethereum In cash they now accumulate a streak of 10 consecutive weeks of net tickets, adding about USD $ 5.3 billion to Monday.

Etha of Blackrock and Feth of Fidelity They were the main responsible for the joint net tickets of Monday, attracting each USD $ 102 million and USD $ 126.3 million respectively. Also the ETF mini of Grayscale and ethw of Bitwise contributed with tickets for USD $ 54.9 million and USD $ 13.1 million, respectively.

The ETF Ethereum in cash managed by Blackrock He has dominated tickets, attracting just over 2,626 million dollars since July 3, according to data based on the data.

The ETF Ethereum shine in corporate interest

The extension of the ticket streak occurred in the middle of a rebound of more than 20% in the price of Ether (ETH) in the week.

The second largest cryptocurrency arose during the weekend to reconquer the USD $ 3,800 area, last view in December. The bullish action extended to Monday, when ETH momentarily touched a price of USD $ 3,850 in the graphics before a slight setback. Its price is now USD $ 3,695, 1.5% lower in 24 hours, according to Coinmarketcap.

The high corporate demand and regulatory clarity in the United States have promoted the prices of Ether and others Altcoins. Public companies such as Sharplink Gaming and Bitmine They have been buying ETH aggressively in recent weeks as they rush to form treasury strategies focused on the second cryptocurrency.

“Ethereum stole the show“investigators wrote yesterday Coinshares In its weekly report of global cryptocurrency investment products, as ETH funds entries helped to boost global tickets to a new weekly record of 4,390 million dollars.

The ETF of Ethereum The cash reach total tickets for USD $ 7.78 billion since its debut last July, a figure that reflects the solid appetite of institutional investors. Assets under management (AUM) are approaching USD $ 20 billion.

The ETF Bitcoin become negative, break positive streak

While ETFs based on the second main digital currency shone, their peers Bitcoin They countered the trend thus breaking an accumulated streak of twelve continuous entry sessions.

The 12 ETF of Bitcoin in cash in the US Investors withdrew USD $ 131.35 million in the day. This marked the first net exit for July 1and the second since June 6. The ETFs had added more than USD $ 6,000 billion until July 18, during the positive period of twelve sessions in a row.

None of the funds observed income during the day on Monday, but five registered net outings: FBTC of FidelityBitb of BitwiseHodl of VaneckArkb of ARK Invest and GBTC of Grayscalethey saw respectively USD $ 12.8 million, USD $ 1.9 million, USD $ 2.5 million, USD $ 77.5 million and USD $ 36.7 million in the day. The other ETF Bitcoin They remained neutral on Monday, including the dominant fund of BlackrockIbit.

The total accumulated entries of the ETFs Bitcoin in cash.

ETF flows were In line with a deceleration in the price of Bitcointhat on Monday it went back to the area of $ 116,000 by 5.6% below its high -price historical (ATH) of USD $ 123,000, conquered only one week earlier.

The domain of Bitcoin In the cryptocurrency market also fell on Monday to its lowest level since 2022, an indicator that suggests the beginning of the season of Altcoins. Beyond eth, other main cryptocurrencies showed rebound in contrast to Bitcoin, which is negotiated around USD $ 119,000 at the time of writing these lines, 3% below its AT.

Hannah Estefanía Pérez / Diariobitcoin

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