Crypto ETFs Split as Bitcoin Draws $170M, Ether Funds Retreat
Key Insights
- Crypto ETFs recorded mixed flows as Bitcoin funds attracted fresh capital.
- Bitcoin products reversed their previous session’s $265.37 million outflow.
- Ethereum and HYPE funds posted withdrawals, while XRP products gained.
U.S. crypto ETFs recorded mixed flows on Aug. 3, led by renewed Bitcoin demand. SoSoValue data showed Bitcoin products gained $170.09 million, while Ether funds posted withdrawals.
The split followed a weaker July 31 session for Bitcoin funds. It also showed investors differentiated between assets rather than buying the entire crypto ETF category.
Crypto ETFs Show Split Daily Demand
SoSoValue’s U.S. spot crypto ETF tracker recorded 2,657 Bitcoin entering listed funds. The holdings were estimated at $170.09 million during the session.
The same dataset recorded 5,805 Ether leaving U.S. products. Those redemptions represented approximately $11.42 million, reversing the prior session’s positive reading.
XRP products attracted 1.06 million tokens, valued near $1.15 million. HYPE funds lost 17,770 tokens, worth approximately $964,320.
… Continue reading the full article at the original source below.
