Comparison between Ethereum and Bitcoin ETFs:
As we mentioned earlier on the Arab Bitcoin platform, Ethereum ETFs collected $106 million in net inflows on their first day.
Despite large withdrawals from the Grayscale Fund (ETHE) amounting to approximately $500 million, flows into other funds, such as ETHA and ETHW, helped mitigate the negative impact.
However, the next three days saw a change in trend, as flows shifted to daily withdrawals of $133.3 million on July 24, $152.4 million on July 25, and $162.7 million on July 26.
This worrying trend has led to increased outflows, with the Grayscale (ETHE) fund alone losing $326.9 million, $346.2 million, and $356.3 million sequentially.
Bitcoin ETFs saw larger inflows in their first four days, reaching $650 million on the first day, $203 million on the second day, and $453.8 million on the fourth day.
The third day alone witnessed external inflows worth $52.7 million, bringing the total net inflows to approximately $1.260 billion in just four days, which is a huge difference.
