Outflows from GBTC and ETHE Funds: Analysis of Bitcoin and Ethereum ETF Market Conditions
Publication Time:2024-08-21 07:06:06
On August 20th, the Grayscale Bitcoin Trust (GBTC), an American spot Bitcoin ETF, saw outflows of $12.8 million, while the spot Ethereum ETF, ETHE, experienced outflows of as much as $37 million. Notably, during the same period, other Bitcoin-related ETFs such as BITB, BTC, and EZBC did not show any significant inflows or outflows. In the Ethereum sector, ETHE's outflow was significantly higher than its counterparts, whereas ETHW had inflows of $3.7 million, indicating different investment preferences and strategies among investors in the Ethereum market. Additionally, during this period, there were no significant capital movements in the Ethereum-related ETFs EZET and ETH. These data provide important clues about current market sentiment and capital flows for investors.
ETHE
GBTC
Ethereum ETF
Bitcoin ETF
Capital Flows