Wall Street's Bitcoin (BTC) and Ethereum (ETH) Buying and Selling Activity This Week
This week, Wall Street showed heightened interest in Bitcoin (BTC) and Ethereum (ETH) through ETF trading activities. Bitcoin spot ETFs saw net inflows of $32.4 million, indicating strong demand. Conversely, Ethereum spot ETFs recorded a net outflow of $14.10 million, reflecting bearish sentiment for ETH.
From August 12 to 16, Bitcoin ETFs notably added 604.56 BTC, while Ethereum ETFs saw a different picture with 5,690 ETH sold. This mixed performance shed light on varying investor strategies amidst fluctuating market conditions.
- Bitcoin ETF Inflows: 604.56 BTC added over five days
- Ethereum ETF Outflows: 5,690 ETH sold
The report highlights BlackRock's iShares Bitcoin Trust as the primary buyer while Grayscale’s products exhibited selling trends. Additionally, the overall cryptocurrency market observed a bearish week, affecting both BTC and ETH prices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.