Funds quoted in ether exchange (ETF) They have registered four consecutive days of exits, marking an acute turn in the feeling after a month of heavy tickets that saw them overcome their Bitcoins counterparts
In the last four negotiation sessions, Spot Ether ETFS showed $ 505.4 million combined, according to data compiled by Farside investors. On the contrary, Bitcoin ETFs brought $ 283.7 million during the same period. This reversal follows a surprising return from August when Ether ETFS saw more than $ 4 billion in tickets, compared to only $ 629 million for Bitcoin funds.
The change seems linked to the price action. Ether fell to $ 4,209 on Monday, marking its lowest level since mid -August. This is similar to past observations that have also seen ETF ETF outings after considerable price decrease.
This behavior suggests that investors often move apart instead of buying the dip. This behavior can reflect a loss of confidence in the short -term rise or a reluctance to maintain possible greater decreases.
Read more: Ether leads cryptographic prices in the shocking investment of the early rally
The current divergence in the flows between the two largest cryptographic assets points to a cooling of the specific ether enthusiasm, even when Bitcoin manages to attract new capital.
Even so, the past performance suggests that the pendulum could turn again. If Ether’s price stabilizes or rises, they can follow ETF flows.
