Ethereum ETFs Surge to Historic $2.85B Weekly Inflow Record

Why Ethereum ETFs Are Breaking Records While Bitcoin ETF Slows Down

Ethereum ETFs Hit Historic $2.85B Weekly Inflow

According to the data for SoSo Value, Ethereum ETFs have hit its all time high weekly inflow of $2.85. This massive  surge has created waves in the world of cryptocurrency and also boosted the confidence of the ETH  audience as well as news investors  who see a strong green signal before investing. 

Earlier, it set a weekly inflow record of $2.18 billion with a total net asset value of $18.37 billion when coin was trading around $3,551.59. And this time, ETH went even further, breaking its own record and pushing inflows to a new high.

Source: SoSo Value 

Currently, according to the data of CoinMarketCap the coin is trading at $4,256.36 (at the time of writing) and today running low by 4.66%. This might be due to Fed rate cuts and rising geopolitical tensions added more uncertainty to the market. 

Source: CMC 

Investors should stay positive as Ethereum ETFs inflows keep rising, and the current price dip looks temporary. 

Spot Ethereum ETFs Surge With Massive Influx

As per the last updated record of SoSo value on August 15, the Total net asset value of Ethereum ETFs is $28.15 billion which is 5.34% of its market cap and the Cumulative sum net Influx of $12.67B. 

Apart from this the Total value traded by Ethereum ETFs is $3.4 billion with a daily sum net outflow of $59.34 million. 

As of August 15, Blackrock (ETHA) has shown a daily sum net influx of $338.09m and cumulative net influx of $12.16B, whereas Grayscale(ETHE) and Fidelity (FETH) is showing an outflow of $101.74, and $272.23M.

BTC ETF Inflows Weaken With Just $548M for the Week

Bitcoin has made its all time high by gaining its price to $124k on August 14 and currently it is trading at $115,223.40 and running low today by 2.36%, according to the data of CoinMarketCap.  

It might be a reason that as big Bitcoin holders moved a huge amount of BTC to exchanges that hints they might sell which is putting downward pressure on the price. 

At the same time geopolitical risks could also be a reason for the lowering price of Bitcoin. 

Source: X 

But if you compare the BTC ETF inflow whose weekly total ETF inflow is $547.82 million which is little high if compared with the previous week which was $246.75M. 

The total net asset value of $151.98B which is 6.54% of BTC market cap and the total value traded by BTC is $3.28B, Cumulative total net inflow of $54.97B. The daily total Bitcoin ETF in flow is $14.13million. 

Source: SoSo Value

Although the BTC ETFs are not showing as positive signals like Ethereum ETFs inflow. 

Why BTC Inflows Struggle While ETH Hits milestone

• Many big investors like BitMine and Sharplink are buying ETH aggressively and boosting their treasuries. Whereas recently World Liberty Financial which is a DeFi project linked to the Trump family, has invested $18.6 million in the coin which shows that it is slowly leading the market. 

• ETH just set a new benchmark, giving investors a positive signal, while Bitcoin’s $3.38B weekly ETF inflow record in 2024 still stands unbroken, keeping investors' confidence steady. 

Conclusion 

ETH's new record boosts investor confidence, while Bitcoin’s old ETF inflow record keeps the market cautious.