- Bitcoin ETFs outperform Ethereum, with BTC inflows surging while ETH ETFs struggle with outflows.
- Bitcoin’s dominance and first-mover advantage reinforce its lead over Ethereum in the ETF market.
Bitcoin [BTC] Exchange Traded Funds (ETFs) have significantly impacted the crypto market, showing strong performance since their launch.
Bitcoin and Ethereum ETF analysis
According to the latest update from Farside Investors, BTC ETFs recorded net inflows of $252 million.
Leading the pack was BlackRock’s IBIT, with $86.8 million in inflows, followed by Fidelity’s FBTC, which saw $64 million.
However, amidst this inflow race, Grayscale’s GBTC faced challenges, recording $35.6 million in outflows as of 23rd August.
On the other hand, Ethereum [ETH] ETFs have struggled, primarily experiencing outflows since their inception. As of 23rd August, ETH ETFs recorded $5.7 million in outflows.
Notably, BlackRock’s ETHA saw zero…
