Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

Spot Ethereum ETFs Outpace Bitcoin Inflows By Nearly 2x Since July

US-based spot Ethereum ETFs (exchange-traded funds) had a really slow start—compared to their Bitcoin counterparts—following their trading debut more than a year ago. The performance of these ETH-linked investment products has experienced a positive turnaround in the past few months.

As expected, the exploits of the spot Ethereum ETFs have been significantly reflected in the price of ETH, which reached a new all-time high of $4,887 on Friday, August 22. Interestingly, the latest market data shows the ETH exchange-traded funds are currently outperforming their Bitcoin counterparts.

Spot Ether ETFs Register $8.2 Billion Inflows Since July

In a recent post on the X platform, the NovaDius Wealth Management President, Nate Geraci, revealed that spot Ethereum ETFs are enjoying more attention from investors than the Bitcoin exchange-traded funds. This observation comes as the ETH products continue to set new records with their performance over the past two months.

According to data provided by Geraci, the US-based Bitcoin ETFs have registered more than $1.2 billion in net outflows so far in the month of August. On the other hand, the Ethereum exchange-traded funds have posted more than $2.8 billion in total net inflows in the same period.

Geraci also highlighted that the ETH-linked investment products have attracted almost double the capital of the Bitcoin exchange-traded funds since the start of July. Data from the ETF expert shows that the Ethereum ETFs have added over $8.2 billion in capital, while the spot BTC funds have attracted $4.8 billion in the past two months.

Data from SoSoValue shows the spot ETH exchange-traded funds registered a daily net inflow of $337.63 million on Friday. This single-day performance marked the end of a negative streak, which saw almost $1 billion withdrawn from the Ethereum funds in the first four trading days of the past week.

Ethereum ETFs

Cumulatively, the spot Ethereum ETFs recorded a net outflow of nearly $579 million in the past week, the worst weekly performance by the funds since launch. This week’s action is in stark contrast to the previous week’s $2.85 billion record, the ETFs’ best weekly performance so far.

Ethereum Price At A Glance

As mentioned earlier, the price of ETH has been quite reflective of the positive sentiment surrounding the ETH ETF market. As of this writing, the Ethereum price stands at around $4,750, reflecting a mere 0.3% decline in the past 24 hours. According to data from CoinGecko, the second-largest cryptocurrency is up by nearly 8% in the last seven days.

Ethereum ETFs



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