ETH ETFs Expected to Surpass BTC ETFs in Supply Held by September
Ethereum ETFs may soon surpass Bitcoin ETFs in supply held, indicating a shift in institutional crypto markets.
- Bitcoin ETFs hold 6.38% of total BTC supply; Ethereum ETFs hold 5.08% of total ETH supply.
- By September, Ethereum ETF holdings are projected to exceed those of Bitcoin.
- On August 18, Ethereum spot ETFs experienced net outflows of $197 million, while Bitcoin spot ETFs faced outflows of $122 million.
- Bitwise's BITB was the only Bitcoin ETF to report net inflows during this period.
- The ETH/BTC pair reached 0.0368, the highest level this year, with Ethereum's trading volume nearly three times that of Bitcoin.
- In derivatives, the ETH/BTC perpetual futures open interest ratio rose to 0.71, indicating increased investor interest in Ethereum.
- Market analytics suggest Bitcoin could drop below $100,000 in September, facing significant resistance in the $100k–$110k range.
September is anticipated to be volatile as ETF dynamics and market pressures on Bitcoin unfold.