BlackRock's ETF significantly outperforms the Bitcoin ETF

according to Data Filed by SoSoValue, BlackRock's Ethereum (ETH) exchange-traded fund managed to attract nearly $44 million in inflows on Tuesday.

The iShares Ethereum Trust ETF (ETHA) now has net assets of $3.65 billion.

For comparison, the iShares Bitcoin Trust ETF (IBIT) recorded significant outflows of $188 million.

Overall, Bitcoin ETFs lost a whopping $338 million on Tuesday. Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) recorded outflows of $83.16 million and $75 million, respectively.

Bitwise Bitcoin ETF (BITB) is the only ETF product in the green with $8.5 million in inflows. The company's Ethereum ETH is also in the green with nearly $6 million in inflows.

“More grateful than ever to investors who choose Bitwise to manage their assets in this space. I am excited about the road ahead,” said Hunter Horsley, Bitwise CEO.

Of course, one should not lose sight of the trees when analyzing the latest ETF data. Despite recent poor performance, BlackRock's Spot Bitcoin ETF remains a highly successful product, which will likely be seen as the biggest cryptocurrency story of the year. Overall, IBIT has attracted nearly $54 billion in net assets in less than a year.

As reported by U.Today, Bitwise has predicted that the total inflows recorded by Bitcoin ETFs this year could exceed those recorded in 2024.

Recently, Bitcoin ETFs surpassed Satoshi in terms of the total amount of Bitcoin held on exchanges.



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