US Bitcoin ETFs Soar With $192M Boost; Ethereum ETFs Record Modest Loss
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The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) present a contrasting picture. Bitcoin ETFs experienced a significant boost, with $192.56 million in inflows. In contrast, Ethereum ETFs recorded a modest loss, with around $2.87 million in net outflows. This divergence in performance highlights the varying investor interest and sentiment towards these two major cryptocurrencies.
On Thursday, BlackRock's IBIT led the gains among Bitcoin ETFs, contributing substantially to the overall inflows. Meanwhile, Ethereum ETFs struggled to attract the same level of investor confidence, resulting in their net outflows. The data showcases the ongoing shifts in the crypto market dynamics, emphasizing the different trajectories of Bitcoin and Ethereum ETFs.
Source: news.bitcoin.com ↗
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