Institutional Investors Buy The ETH Dip as Spot ETF Flows Turn Positive:

Institutional investors appear to be buying the dip as spot Ethereum exchange-traded funds flip back to positive inflows, but the same can’t be said for Bitcoin funds.

U.S. spot Ethereum ETFs had a positive day of inflows following a massive market crash that sent the asset tumbling 23% in less than 24 hours.

On August 5, the aggregate inflow for the nine newly launched spot ETH ETFs was $49 million, its second-highest inflow day since the funds started trading.

Additionally, it is only the fourth day of inflows in the past ten days of trading, suggesting that institutional investors were indeed buying the Ethereum dip.

Moreover, the notion was confirmed by ETF specialist James Seyffart in a post on X on August 6.

“ETF investors, in aggregate, likely bought the dip on Ethereum today.”