Bitcoin Spot ETF inflows reached a record $3.38 billion last week, marking seven consecutive weeks of growth. Leading the inflows were major financial entities, BlackRock and Fidelity. This surge in demand for Bitcoin ETFs highlights growing investor confidence in Bitcoin.
Conversely, Ethereum ETFs experienced net outflows, indicating a shift in investor preference towards Bitcoin over Ethereum in the ETF market space. As institutional interest in Bitcoin continues to rise, the dynamics between these two leading cryptocurrencies are evolving.