Crypto Blog
It has been almost three months since the launch of the exchange-traded funds tracking the performance of the second-largest cryptocurrency, and CryptoQuant decided to observe the differences between their inflows compared to the data from the BTC ETFs’ initial days.Although the highly anticipated bull run in this halving year has yet to transpire, 2024 will go down in the history books as the one when two cryptocurrencies received massive validation by US regulators by having their own ETFs.
The similarities end here as investors’ perception and behavior toward the two assets have been entirely different. CryptoQuant’s data from the first 79 days after the ETFs’ respective launches confirms previousWithin the first few months of trading, the ETH ETFs saw more than $4 billion in net outflows. The same timeframe for the BTC ETFs shows net inflows of over $29 billion.went live on July 23, and the underlying asset’s price stood at around $3,500 that day.
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