Bitcoin ETFs have attracted $5B net inflows while Ether ETFs have seen $500M net outflows. BlackRock’s IBIT leads with over $224M in a single day, currently holding over 350,000 BTC. Ether ETFs are struggling due to liquidity issues and Grayscale’s $2.5B outflows.

Recent trends in the cryptocurrency exchange-traded funds (ETF) market have highlighted a significant divergence in the performance of Bitcoin and Ether ETFs. Comparing Bitcoin ETF Flow data to Ethereum ETF Flow data on Farside Investors, Ether spot ETFs have underwhelmed compared to their Bitcoin counterparts. Since their launch, Ether ETFs have experienced net outflows of approximately $500 million, a stark contrast to the $5 billion net inflows recorded by BTC ETFs during a similar period following their debut. Several factors contribute to this disparity. To start with, Bitcoin’s “first mover advantage,” higher liquidity, and lack of staking opportunities in Ether ETFs have made Bitcoin more appealing to institutional investors. Additionally, unexpected outflows from Grayscale’s Ethereum Trust (ETHE), amounting to $2.5 billion, far exceeding the bank’s initial $1 billion estimate, have further dampened Ether ETF performance. To counter these outflows, Grayscale introduced a mini-Ether ETF, but it has only managed to attract $200 million in inflows. In contrast, BTC ETFs have shown resilience and robust performance with US-based BTC ETFs recording an impressive eight-day winning streak, with net inflows totalling $202 million led by BlackRock’s iShares Bitcoin Trust (IBIT). On August 26 alone, IBIT attracted over $224 million in net inflows bringing its total Bitcoin holdings to over 350,000 BTC, solidifying its dominance in the market.

Competing funds such as those managed by Franklin Templeton and WisdomTree also saw positive inflows, while others, including Fidelity, Bitwise, and VanEck, reported negative flows. Notably, Grayscale’s Bitcoin Trust (GBTC) saw a decline in redemptions over the past two weeks, indicating stabilization in the market. As investor confidence in Bitcoin ETFs grows, asset managers are increasingly exploring combined ETFs that offer exposure to both Bitcoin and Ethereum, reflecting the evolving dynamics of the cryptocurrency investment landscape.

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On October 22-23, Dubai will host the 13th international forum Blockchain Life 2024 – one of the largest global events in the field of web3, cryptocurrencies, and mining. The forum will feature over 10,000 leading experts, crypto entrepreneurs, and enthusiasts from 120 countries. Participants and speakers will discuss current issues of crypto market development and new trends ahead of the bull cycle. Among the speakers at the forum:

Paolo Ardoino – CEO Tether Justin Sun – Founder of TRON Yat Siu – Co-Founder of Animoca Brands  Pascal Gauthier – CEO Ledger  Dr. Marwan Alzarouni – CEO Dubai Blockchain Center Xinxi Wang – Co-Founder of Litecoin Foundation Sunny Lu – CEO Vechain Sergei Khitrov – Founder of Jets Capital, Listing.Help Arthur Breitman – Co-Founder of Tezos Eowyn Chen – CEO of Trust Wallet Sunny Aggarwal – Co-Founder of Osmosis Labs Kostas Chalkias – Co-Founder of Sui (Mysten Labs)  Sasha Plotvinov – Founder of Notcoin Mustafa Al-Bassam – Co-Founder of Celestia Labs Tiago Henriques – Google Cloud Zied Brini – Сonsensys

All forum participants will have exclusive and free access to simultaneous interpretation of speeches into 70 languages. Traditionally, the event will include speeches from over 200 speakers, an exhibition featuring more than 180 booths from leading companies and startups, a Startup Pitch, the Blockchain Life Awards 2024, and a legendary AfterParty.

As part of Blockchain Life Week, which runs from October 18 to 28, there will be over a hundred side events. A VIP ticket to the forum allows free access to some of them for free. Use promo code COINJOURNAL to receive a 10% discount on any ticket. Purchase tickets on the website: https://blockchain-life.com/ 

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