TL;DR
- $BTC continues to dominate the cryptocurrency market, particularly in institutional investment, while $ETH struggles to attract ETF demand.
- Grayscale's $ETH fund has seen significant outflows, totaling 1.18 million Ether since July, despite launching a new mini trust aimed at long-term investors.

$BTC's dominance is evident in the cryptocurrency market, especially regarding institutional investment. In contrast, $ETH has faced challenges, particularly in attracting demand for ETFs since its launch in late July. The analysis reveals that most $ETH ETF wallets have not garnered positive demand from investors, highlighting a stark difference in performance between the two leading cryptocurrencies.

Grayscale's $ETH fund has experienced significant outflows, with 893,696 Ether leaving since July, alongside 292,263 Ether transferred to a newly launched mini trust. This indicates a total outflow of 1.18 million Ether in under two months. While the mini trust attracted some inflows, it has not been enough to offset the massive outflows from the primary fund.

On the other hand, $BTC ETFs have shown resilience, bouncing back after periods of outflows. Despite a challenging period with $1.2 billion in outflows recently, $BTC funds quickly recovered, seeing net inflows of over $400 million. This demonstrates the ongoing interest and confidence in $BTC, even amid market fluctuations.

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