Investors during late August and early September pulled roughly $1.2 billion out of the funds over eight consecutive days, the longest streak of exits so far.
BlackRock’s ETHA and other Ethereum funds have collected billions of dollars worth of inflows. Massive outflows from the Grayscale Ethereum Trust (ETHE) have overshadowed that, though.
ETHA holds over $860 million in net assets. Only Grayscale’s küçük ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined.
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.
The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, the report said.
The product will be launched by Brazil-based asset manager Hashdex in partnership with local investment bank BTG Pactual.
Some traders expect market movements nearer to Friday when Federal Reserve chair Jerome Powell is scheduled to speak at the Jackson Hole symposium.
Recent flows show GBTC experiencing outflows, while BlackRock’s ETHA saw inflows, contributing to this shift.
During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.
The investment bank says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F.
