Bitcoin ETFs See Modest Inflows as Ether Outflows Persist
- Bitcoin exchange-traded funds (ETFs) attracted $21.13 million on Friday, breaking a streak of heavy redemptions.
- Blackrock’s IBIT led the inflows with $22.38 million, while Fidelity’s FBTC saw a $3.58 million outflow.
- Ether ETFs continued their outflow trend, losing $56.10 million over nine consecutive sessions.
- NEAR ETFs gained $5.13 million in capital, contrasting with Solana’s $3.76 million outflow.
Friday marked a potential shift in institutional sentiment for Bitcoin ETFs, which saw modest inflows after significant redemptions earlier in the week. Meanwhile, Ether ETFs faced persistent selling pressure, highlighting a divergence in investor interest between the two major cryptocurrencies.
The stabilization in Bitcoin ETF flows could signal easing institutional pressure, but sustained growth may require renewed capital influxes from new investors and institutions. (Source)
