Bitcoin ETFs See $119M Inflows as Ether ETFs Face Continued Outflows
- Bitcoin exchange-traded funds (Bitcoin ETFs) recorded $119 million in net inflows on Tuesday.
- This rebound follows a loss of $90 million on Monday, highlighting a significant shift in investor sentiment.
- As of Tuesday, Bitcoin (BTC) traded at $83,971, down by 2.1% over the past day.
- Ether ETFs experienced outflows totaling $202 million, marking an increase from approximately $51 million the previous day.
- Total outflows for Ether ETFs have reached about $408 million over recent sessions.
- Other crypto ETFs showed mixed results, with XRP attracting $3.1 million and Solana experiencing outflows of $3.7 million.
The fluctuation in Ethereum ETF flows contrasts sharply with the resurgence of Bitcoin ETFs, indicating varying investor confidence across different cryptocurrencies.
With Bitcoin ETFs reversing their losses and securing significant inflows, this trend may influence market dynamics despite BTC’s current price dip to below $84,000.(Source)
