Bitcoin ETFs See $210M Outflows as Ethereum Funds Attract Modest Inflows
Bitcoin spot exchange-traded funds (ETFs) recently faced significant net outflows totaling $210 million, highlighting ongoing turbulence in the cryptocurrency market.
Major Bitcoin ETFs, including GBTC, FBTC, and ARKB, were hit hardest, with withdrawals of $89.01 million, $113.6 million, and $92.36 million, respectively.
These movements have pushed the total net asset value (NAV) of Bitcoin spot ETFs to $108.981 billion.
In contrast, Ethereum spot ETFs demonstrated more stability, recording a modest net inflow of $1.15 million. The total NAV for Ethereum ETFs now stands at $11.398 billion, with cumulative historical inflows reaching $2.414 billion.
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XRP Reached its Highest Level in 6 YearsThese diverging trends underscore shifting investor sentiment between Bitcoin and Ethereum as both navigate an uncertain regulatory and economic landscape.
While Bitcoin faces larger withdrawals, Ethereum’s steady inflows suggest a more stable outlook for funds tied to the second-largest cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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