Ethereum-based ETFs have large inflows in July. In the first and second weeks of the ETF, more than $4.4 billion was invested in ETH ETFs. There was also an increase in confidence in ETH-based assets, with BlackRock reporting single-day inflows of $726.7 million on July 18, 2022, alone.
In the meantime, the daily net outflows in Bitcoin ETFs have been registered. The data estimates indicate that investors withdrew approximately $289 million in BTC-related funds since July 21. This difference suggests that confident investors are shifting their preferences towards Ethereum, potentially in the hope of gaining exposure to its broader applications in decentralized finance (DeFi) and smart contracts.
BlackRock’s victory with ETHA showcases the evolving trends in crypto asset management. The firm’s product is appealing to investors seeking to diversify their cryptocurrency holdings.
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