Bitcoin News
By Julie Binoche
1 / 15
Capital Flows Tell a Different Story Than Net Assets. Net assets and capital flows are two different things, and it's worth being clear on that.
2 / 15
What Investor Behavior Says About the Broader Market. There's a broader story here about how crypto investing has matured.
3 / 15
The Asset Gap Won't Close Overnight. Even if Ether funds keep matching Bitcoin ETF inflows week after week, closing that one-eighth…
4 / 15
Ether funds are on a run. Over the past three weeks, they've pulled in capital nearly matching what Bitcoin ETFs attracted — a striking gap given that Ether funds hold only about…
5 / 15
That ratio is worth sitting with for a second. One-eighth the assets. Nearly equal capital flows.
6 / 15
Net assets and capital flows are two different things, and it's worth being clear on that. Net assets reflect everything accumulated over time — years of inflows, price…
7 / 15
But the flow numbers don't care about history. Right now, investors are sending money into Ether funds at a rate that's nearly matching Bitcoin ETFs.
8 / 15
Why? Probably a few things. Ether has its own investment case — it's not just a smaller version of Bitcoin.
9 / 15
There's a broader story here about how crypto investing has matured. A few years ago, Bitcoin was basically the only game in town for institutional-style crypto exposure.
10 / 15
The fact that Ether funds can attract capital flows close to Bitcoin ETFs while holding a fraction of the assets is kind of remarkable when you think about it.
11 / 15
More context: Ethereum and Bitcoin ETFs Both Bleed on Friday Despite Strong July Inflow Totals
12 / 15
It's also worth noting that this doesn't mean Bitcoin ETFs are struggling. They're not. They're still pulling in serious capital.
13 / 15
No details were available on which specific Ether funds led the inflows or which Bitcoin ETF products saw the closest competition.
14 / 15
Even if Ether funds keep matching Bitcoin ETF inflows week after week, closing that one-eighth asset gap takes a long time. Compounding works slowly.
15 / 15
But the trend is the thing. Three weeks of near-equal capital flows is enough to get analysts talking.
The Currency Analytics
Want the full story?