The funds quoted in the US exchange.
Reditions represent almost 6% of the total of $ 6.77 billion in assets held by ETF Spot Ether, according to Sosavocalue data. Only one day of this month, March 4, positive tickets, with $ 14.58 million. In comparison, January and February saw tickets of $ 101 million and $ 60 million, respectively.
The ETF Spot Bitcoin also faced withdrawals, with $ 893 million in net exits this month, but the scale in relation to the assets under administration, approximately 0.9% of $ 94.35 billion, was much less serious. Bitcoin’s funds are still positive for the year after strong tickets of $ 5.25 billion in January.
The contrast reflects the recent market performance. Since March 1, Ether has fallen about 8.5%, while Bitcoin has won more than 3%. To date, Ether has yielded more than 37% to around $ 2,080. Bitcoin, although it is also down, has been better with a 7.5% decrease to approximately $ 87,300. The broader Coendesk 20 index fell 21% in the same period.
Despite the recession, ETFs of Ether still have a net ticket of $ 2.42 billion since its launch. But that is eclipsed by the $ 36.05 billion attracted by Bitcoin’s counterparts, highlighting the gap in the appetite of investors between the two assets.
