ETH ETF Outperforms Bitcoin ETF in Digital Asset Fund Report
In the latest digital asset fund report, the Ethereum exchange-traded fund (ETH ETF) has shown remarkable performance, outperforming the Bitcoin ETF in the institutional investment race. Despite market weaknesses, ETH spot ETF funds saw inflows of approximately US$105 million last week, while Bitcoin Spot ETF saw outflows of around $170 million. Institutional investors are closely monitoring these trends, with Grayscale’s new Grayscale Ethereum Mini Trust (ETH) garnering significant attention.
Inflows Amid Market Volatility
Amid last week’s crypto woes triggered by geopolitical tensions and stock market declines, digital asset investment products saw inflows of about $176 million. This surge in investment indicates that investors are seizing the opportunity to purchase more assets during market downturns. Despite the recent fluctuations, total assets under management (AuM) have recovered to $85 billion after falling to $75 billion.
Country-Based Inflow Data
Country-based data on financial inflows reveals interesting insights into investor sentiment. The United States recorded inflows of $89 million, while Switzerland saw $20 million in inflows. Additionally, Brazil and Canada experienced inflows of US$19.9 million and US$12.6 million, respectively. However, despite the positive inflows, the United States also had the highest net outflow at about $306 million, indicating a mixed sentiment towards digital asset investments.
