Bitcoin ETF Outflows, Ethereum ETF Experiences Inflows
- Bitcoin spot ETFs saw a capital outflow for four consecutive days, totaling $209.82 million.
- Significant outflows from IBIT ($219.48 million) and BITB ($8.93 million) affected the sector.
- BlackRock’s Bitcoin ETF was a major contributor to the outflows.
- Ethereum spot ETFs experienced an inflow of $1.15 million, led by Bitwise’s ETHW product.
- This marks a reversal for Ethereum after $354.04 million in prior outflows over four days.
The cryptocurrency market shows divergent trends with Bitcoin ETFs facing substantial outflows, notably from BlackRock’s product, while Ethereum ETFs see renewed inflows led by Bitwise’s ETHW.
