U.S. spot Bitcoin ETFs continued their positive inflows on August 15th, while spot Ethereum ETFs experienced significant outflows.
Bitcoin ETF Highlights
– Total inflows for the 12 U.S. spot Bitcoin ETFs were $11.11 million.
– Fidelity’s FBTC led with $16.2 million inflows.
– Grayscale’s GBTC saw the only outflow of $25 million.
Ethereum ETF Highlights
– Total outflows for the 9 Ethereum ETFs were $39.21 million.
– Grayscale’s ETHE led with outflows of $42.5 million.
– Fidelity’s FETH and BlackRock’s ETHA saw modest inflows.
Other Interesting Developments
– The SEC approved a new leveraged MicroStrategy ETF (MSTX) by Defiance.
– The broader crypto market showed a muted response, with Bitcoin and Ethereum experiencing minimal gains.
– Bitcoin is currently retesting support at the bottom of its trading channel.
Rekt Capital believes maintaining price stability at this level could be positive for Bitcoin’s future upward trend.
Overall, the contrasting flows between Bitcoin and Ethereum ETFs suggest a selective investor approach in the market. While leveraged products like MSTX are attracting some interest, the overall market response remains cautious.
