Bitcoin and Ethereum exchange-traded funds both recorded sizable net inflows on Aug. 24, according to monitoring data cited by Techub News from Lookonchain. Bitcoin ETFs saw a daily net inflow of 3,598 BTC, worth about $282 million, while the seven-day cumulative net inflow reached 26,651 BTC, or roughly $2.09 billion. Ethereum ETFs posted a daily net inflow of 68,135 ETH, equivalent to around $170 million, with seven-day cumulative net inflows totaling 283,932 ETH, worth about $707 million.
Techub noted that Bitcoin and Ethereum ETFs are exchange-traded funds designed to track the price performance of BTC and ETH, giving institutional investors regulated exposure to digital assets. Flow data tied to these products is commonly watched as a reference point for shifts in institutional crypto allocation.
On Aug. 24, both Bitcoin and Ethereum exchange-traded funds posted hefty net inflows, according to Lookonchain data cited by Techub News.
For Bitcoin ETFs, the daily net inflow totaled 3,598 BTC, or roughly $282 million. Over the past seven days, net inflows rose to 26,651 BTC, about $2.09 billion.
Ethereum ETFs had a strong session too. Daily net inflow hit 68,135 ETH, valued at around $170 million. Across seven days, cumulative net inflow reached 283,932 ETH, or roughly $707 million.
ETF flow data remains a key institutional gauge
Bitcoin ETFs and Ethereum ETFs are exchange-traded funds linked to the price performance of BTC and ETH, respectively. They give institutional investors regulated exposure to digital assets. And yes, flow data from these products is still widely used as a reference point for tracking institutional allocation trends across the crypto market.
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