Translation of the Title: 'U.S. Spot Bitcoin and Ethereum ETF Holdings Changes'
Publication Time:2024-08-07 21:56:07
In recent times, the crypto market tracking platform Lookonchain released new data indicating that on August 7th, there was a collective reduction in holdings for spot Bitcoin exchange-traded funds (ETFs) in the U.S. market. Specifically, ten spot Bitcoin ETFs were involved in this operation, collectively reducing 1,899 Bitcoins, which would amount to approximately $109.14 million based on the Bitcoin price on that day. Meanwhile, on the same day, the spot Ethereum ETF showed a clear opposite trend, with nine ETFs participating and adding up to 44,447 Ethereum, making this increase worth roughly $110.1 million. This series of holding changes reflects the preferences and strategy adjustments of market participants for different cryptocurrencies, as well as attracting attention and discussion among investors regarding the market's direction.
Translation of Keywords: 'US Spot Bitcoin ETF', 'US Spot Ethereum ETF', 'Cryptocurrency Investment', 'Holding Changes'