The latest data on digital assets fund flows report CoinShares reported that Bitcoin had $519 millions in inflows and Ethereum experienced $285 million outflows. BTC inflows for the month to date have been $3.6bn, while year-todate BTC inflows are $19bn.
Fund flows also reflect in price changes for each asset. BTC has risen nearly 11% over the past two weeks, and 14% in comparison to last month.
Also Read: Ripple: XRP Surges, Beats Bitcoin, Ethereum, And SOL On Major Exchanges
Ethereum on the other had risen by 1.2% during the past two months and 0.1% the prior month. CoinShares reported that ETH ETF received $2.2 billion but experienced significant selling.
Can Ethereum keep up with Bitcoin?
BTC’s recent rise is most likely due to Donald Trump’s speech at the Bitcoin 2024 conference. Trump was bullish in his comments during the conference. Trump’s comments have fueled speculation about a BTC reserve policy if Donald Trump is elected president.
Also Read: Bitcoin and Ethereum: August Price Predictions Analysis
Ethereum ETFs have seen significant inflows of money, though not to the same extent as Bitcoin ETFs launched this year. ETH experienced significant outflows, bringing net flows down to a negative amount of $285 million.
Data on CoinCodexETH will remain at current prices for a while. The asset is expected to reach $3472.62 by Aug. 11 2024 and then continue trading around this level for the remainder of the month. CoinCodex, on the other hand is a better option. predicts Bitcoin has reached a record-breaking high. The $89,000 figure in August was surpassed.
Also Read: BRICS: United States to Use Bitcoin to Save the Dollar?
According to CoinCodex, Ethereum’s speed will never catch up with Bitcoin’s.
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Source: watcher.guru