Bitcoin ETFs Face Outflows While Ether and Altcoins Attract Inflows
- Bitcoin ETFs experienced $64.09 million in net outflows, despite inflows from Blackrock’s IBIT ($66.45 million) and Grayscale’s Bitcoin Mini Trust ($10.60 million).
- Ether ETFs saw $22.5 million in net inflows, with Fidelity’s FETH leading by adding $17.62 million.
- HYPE ETFs led altcoin performance, adding $17.19 million, while Solana and XRP also posted gains with inflows of $2.81 million and $2.82 million respectively.
The data indicates a shift in investor interest from Bitcoin to other cryptocurrencies like Ether and altcoins, as shown by the inflows into their respective ETFs.
Despite some funds attracting new investments, Bitcoin ETFs faced significant outflows totaling $64.09 million, contrasting with the positive inflow trends for Ether and altcoin funds such as HYPE and Solana ETFs.
