{"id":136013,"date":"2024-08-22T14:00:47","date_gmt":"2024-08-22T11:00:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136013"},"modified":"2024-08-22T12:45:40","modified_gmt":"2024-08-22T09:45:40","slug":"ethereum-etfs-attract-2-billion-yet-trail-behind-bitcoin-funds","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-etfs-attract-2-billion-yet-trail-behind-bitcoin-funds\/","title":{"rendered":"Ethereum ETFs Attract $2 Billion, Yet Trail Behind Bitcoin Funds"},"content":{"rendered":"

Nate Geraci, CEO of ETF Store, remarked<\/a><\/strong> that if all Ethereum<\/a><\/strong> ETF inflows were consolidated into a single fund, it would rank as the fourth-largest ETF debut ever. Currently, only Bitcoin<\/a><\/strong> ETFs\u2014BlackRock\u2019s IBIT, Fidelity\u2019s FBTC, and ARK 21Shares\u2019 ARKB\u2014exceed this total.<\/p>\n

\"\"<\/a><\/p>\n

Bloomberg\u2019s Eric Balchunas highlighted that, globally, ETF investments have reached $911 billion for the year, with US-based spot crypto ETFs contributing $17 billion, or about 2% of the total. IBIT is now the third-largest ETF by inflows, approaching $20.5 billion, while FBTC has nearly $10 billion.<\/p>\n

Despite hitting the $2 billion mark, Ethereum ETFs are not performing as well as their Bitcoin counterparts. Bitfinex analysts link this to Ethereum\u2019s recent downturn, which saw its value fall by 40% in the last month.<\/p>\n