On September 8, Bitcoin ETFs came back strong, seeing nearly $368 million in new investment, the largest inflow in recent weeks. But Ethereum funds saw their sixth straight day of losses, losing nearly $97 million. So is institutional investor confidence really shifting permanently to Bitcoin?
What do you think about?
Institutional investors who have been pouring into Bitcoin via ETFs have shown renewed confidence on September 8. This is the largest inflow in a long time.
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At the same time, Ethereum funds have been losing money for 6 consecutive days, meaning investors are getting discouraged and withdrawing money from Ethereum. On the other hand, Bitcoin is being considered a safe and treasury asset like digital gold, while there is uncertainty about the future of Ethereum. Because Ethereum's ETF approval, regulatory pressure, and staking risks are all a big uncertainty, many institutions are choosing Bitcoin over Ethereum to survive in the market. Institutional investors are again heavily entering Bitcoin, and exiting Ethereum. This may indicate that the long-term confidence of big players is leaning towards Bitcoin. Finally, it is understood here that big institutions are no longer buying Bitcoin just for profit, but are accumulating it as a strategic asset for the future. And this indicates that Bitcoin is now going to become a reserve asset in mainstream finance.