Bitcoin ETFs See Continued Inflows While Ether ETFs Experience Outflows
- US spot Bitcoin ETFs recorded $241.1 million in net inflows last week.
- Cumulative net inflows for Bitcoin ETFs now total $57.8 billion.
- Ether ETFs saw a significant decline with $138 million in weekly net outflows, following a previous week of $690 million in inflows.
- Year-to-date net inflows for Ether stand at approximately $1.5 billion.
- Bitcoin is trading at about $86,200, up by 3.7% over the past week, while Ether is around $2,727, up by 3%.
- Zcash funds reported their first-ever outflow of around $94 million.
The recent performance of Bitcoin and Ether reflects shifting investor sentiment in the cryptocurrency market, particularly with Bitcoin maintaining strong inflows while Ether faces challenges.
Overall, Bitcoin ETFs have seen consistent growth with cumulative net inflows reaching $57.8 billion, contrasting sharply with the recent outflows from Ether ETFs totaling $138 million last week.
