On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a significant outflow of $81.36 million, suggesting a bearish sentiment among investors towards Bitcoin. This outflow follows two days of steady inflows, indicating a potential shift in market dynamics.
In contrast, spot ethereum ETFs had a much more positive trading session, attracting $10.77 million in investments. This highlights a growing interest and confidence in Ethereum during the same period.
The contrasting performance of Bitcoin and Ethereum ETFs underscores the current divergence in investor sentiment between these two major cryptocurrencies.