Bitcoin ETF inflows dominate as BlackRock leads: ‘No place for ETH’

Quick Summary:

Bitcoin ETFs saw $50.6M inflows on 1st August, while ETH ETFs faced significant outflows.

Interestingly, the performance of BTC ETFs contrasted sharply with that of Ethereum [ETH] ETFs.

Here, George is underlining that Ethereum doesn’t have a unique or necessary function in a market dominated by Bitcoin and Solana [SOL].

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United States

Topics: Ethereum Altcoin News 1 Social News Trading View Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 13:00:47 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21898055

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 20 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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