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Reverse Trend: Ethereum ETFs Gain, Bitcoin ETFs Decline
The recent developments in the world of cryptocurrency exchange-traded funds (ETFs) have presented an unexpected scenario. According to BTC-ECHO | Bitcoin & Blockchain seit 2014, while Ethereum ETFs have seen a significant influx of $134 million over three trading days, Bitcoin ETFs experienced outflows amounting to $455 million. This shift has been particularly beneficial for Grayscale's Ethereum Mini Trust and other major players like BlackRock and Fidelity.
This trend indicates that institutional investors are increasingly turning their attention towards Ethereum. A notable example is Michigan’s pension fund acquiring shares worth $11 million in an Ethereum ETF. Despite this positive momentum for ETH, most US-based Bitcoin ETFs reported substantial losses except for BlackRock's iShares Bitcoin Trust ETF which saw inflows of $268 million.
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Ethereum Price: Is ETH Facing a -20% Correction?
Bitcoin2Go reports on the impressive performance of Ethereum with a 37% increase within just 30 days; however, caution is advised as indicators suggest potential corrections ahead. The Relative Strength Index (RSI) shows bearish divergence indicating possible price drops between $2815 and $3246 before potentially rising again towards long-term targets ranging from $5325 to nearly $6893.
The analysis highlights how short-term fluctuations could lead into broader market movements driven by technical patterns such as Elliott Waves, suggesting further growth opportunities despite temporary setbacks. According to experts closely monitoring these dynamics through various analytical tools like MACD charts, there remain favorable trends overall.
Sources:
- Verkehrte Welt: Ethereum ETFs legen zu, Bitcoin ETFs verlieren
- Ethereum Kurs: Steht ETH vor einer Korrektur um -20 % ?
- Webinar: Wie Sie Ihr Portfolio für 2025 mit Bitcoin, Ethereum und Co. gestalten
- QCP Capital: Krypto-Optimismus wächst, da Bitcoin 95.000 $ erreicht und Ethereum 4.800 $ ins Visier nimmt
- Ethereum Layer-2-Netzwerke befeuern Uniswap
- Ethereum Prognose: Auf dem Weg zur nächsten Kursexplosion
