Bitcoin and Ether ETFs Break Outflow Streaks with Modest Gains
- Bitcoin ETFs gained $3.05 million on June 4, ending a streak of 13 consecutive outflow days.
- Blackrock’s IBIT led the Bitcoin ETF inflows with $47.66 million, while Morgan Stanley’s MSBT added $9.87 million.
- Ether ETFs saw a net inflow of $19.30 million, marking the end of a 17-day outflow period.
- HYPE ETFs continued their positive momentum with a net inflow of $12 million over a span of 16 days.
- XRP ETFs recorded an inflow of $3.83 million, all directed into Franklin’s XRPZ fund.
- Solana ETFs were the only group to see outflows, losing $278,500 entirely from Invesco’s QSOL.
The recent gains in Bitcoin ETF and Ether ETF markets signal a cautious pause in selling pressure after weeks of redemptions, driven by significant contributions from major players like Blackrock and Morgan Stanley.
Despite the modest recovery in market sentiment, total traded values indicate ongoing caution among investors as they navigate selective recovery across different crypto assets.(Source)
