The ETF Ethereum eclipsed those of Bitcoin in August with tickets for USD $ 3.8 billion

By Hannah Pérez

The ETF Ethereum in cash more than doubled the weekly entries of their Bitcoin pairs of USD $ 440 million. Globally, Ethereum led tickets between cryptocurrency investment products.

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• The ETF Bitcoin in the US.
• The ETF Ethereum in cash more than doubled the weekly entries of their Bitcoin peers.
• Ethereum also led among cryptocurrency investment products globally.

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The funds quoted in the stock market (ETF) of Ethereum in cash in the United States they have significantly exceeded their counterparts of Bitcoin During August, consolidating an upward trend for the second largest cryptocurrency for market capitalization.

According to data from Sosovaluethe ETF of Ethereum They registered net tickets of joint capital per USD $ 3.8 billion in the monthwhile the ETFs of Bitcoin In cash they faced net exits of USD $ 751 million, marking the third worst month for these last funds since its launch in January 2024.

This performance places August as the second best month for the ETFs of Ethereumonly behind July, when USD $ 5.4 billion attracted. In contrast, the funds of Bitcoin They have shown a relative weakness, with modest weekly tickets of USD $ 440.7 million compared to USD $ 1 billion of the ETFs of ETFs Ethereum In the week that ended on August 29.

This positive impulse for Ethereum (ETH) coincided with a new high -price historical maximum for that cryptocurrency, which on August 24 reached an unprecedented level of USD $ 4,950 in the graphics in a quarterly rise of more than 70%.

ETP attract USD $ 2.48 billion per week

Globally, cryptocurrency investment products reflected a similar dynamic. According to the weekly report of funds of funds from CoinsharesInvestment products in digital assets registered net tickets of USD $ 2.48 billion last week, raising the total of August to USD $ 4.37 billion and the annual accumulated to USD $ 35.5 billion.

“The flows were solid throughout the week, but they became negative on Friday after the publication of the underlying PCE data, which did not support the expectations of a federal reserve rate cut in September, disappointing investors in digital assets“, Said James Butterfill, head of research of Coinshares.

In regional terms, the United States led tickets with USD $ 2.29 billion, followed by Switzerland (USD $ 109.4 million), Germany (USD $ 69.9 million) and Canada (USD $ 41.1 million), even when many observed departures on Friday.

Butterfill stressed that “The broad regional distribution of tickets suggests that Friday’s departures were probably due to benefits instead of a more worrying trend for asset class“

Ethereum dominated among global products

Ethereum continued to dominate the global panorama, attracting USD $ 1.4 billion in weekly tickets compared to USD $ 748 million Bitcoin, According to the report. Throughout the month, investment products based on Ethereum accumulated USD $ 3.95 billion, while those of Bitcoin They registered USD $ 301 million.

In addition, optimism around possible ETF launches in cash in the US Solarium and XRP, with USD $ 177 million and USD $ 134 million, respectively.

Despite the strong input flows, assets under management (AUM) in cryptocurrency investment products fell 10% since their recent peak, standing at USD $ 219 billion, due to the bearish pressure in prices after the US inflation report.

At the close of this edition, ETH is negotiated slightly below USD $ 4,4001.9% less in the last 24 hours and an extended correction of 11% from its recent. Meanwhile, BTC is priced at USD $ 109,220 in the graphics, a slightly positive variation of 0.6% in the day and 12% below its USD $ 124,000 record, according to data from Goingcko.

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Article written with the help of AI, edited by Diariobitcoin

Image generated with AI tool, under free use license

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