Ether -exchanged funds (ETFS) Recorded four consecutive days of flowers, marked a sharp turn after a month of heavy flowing that saw them more than their bitcoin Companions.
During the past four trading sessions, ETF spots have poured a joint $ 505.4 million, according to data combined by investors. By contrast, Bitcoin ETFs brought $ 283.7 million at the same time. This return -looking complies with a remarkable August performance when the Ether ETF has seen more than $ 4 billion flow, compared to just $ 629 million for Bitcoin funds.
Shift appears to be tied to price action. Ether dropped to $ 4,209 on Monday, marked at the lowest level since mid -August. This is similar to previous observations that have also seen eth ETF flows following a huge price decline.
This behavior suggests investors often move on the sideways instead of buying the sinking. That behavior may reflect either the loss of confidence in the short-term upside down or a reluctance to handle potential further decline.
Read more: Ether leads to crushing crypto prices in shocking return from the early rally
The current variation in the flows between the two largest crypto assets points to a cooling ether that is specific enthusiasm, even though Bitcoin manages to attract fresh capital.
However, the past performance suggests a pendulum may return again. If the price of ether is stabilizing or climbing, ETF flows can be followed.
