ETH Dip Bought by Institutional Investors as Spot ETF Flows Turn Positive

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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.

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