Bitcoin ETFs See Continued Inflows While Ether ETFs Experience Outflows
- US spot Bitcoin ETFs attracted $241.1 million last week, totaling cumulative net inflows of $57.8 billion.
- The year-to-date net inflows for Bitcoin ETFs are approximately $1.2 billion.
- In contrast, Ether ETFs saw $138 million in outflows after a previous week of $690 million in inflows.
- Year-to-date net inflows for Ether stand at about $1.5 billion.
- Bitcoin is currently trading at around $86,200, a rise of 3.7% over the past week.
- Zcash funds reported their first weekly outflow, losing approximately $94 million.
The recent performance indicates a strong interest in Bitcoin as evidenced by its significant inflow numbers, while Ethereum’s decline in ETF investment reflects shifting market sentiments.
Overall, Bitcoin ETFs have shown robust growth with an influx of over $240 million last week alone, contrasting with Ether’s recent outflow trend.(Source)
