August saw $751M exit U.S. #bitcoin ETFs even as #Ethereum funds pulled in nearly $4B, underscoring diverging institutional appetites as $BTC stalls
What to know:
Bitcoin ETFs experienced significant outflows in August, while Ethereum ETFs saw strong inflows, indicating a potential shift in institutional investment strategies.
On-chain data suggests Bitcoin is at risk of further declines, with short-term investors currently facing losses.
Ethereum's steady inflows have helped it gain 25% over 30 days, contrasting with Bitcoin's recent struggles.
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August delivered a rare reversal in the ETF tide: Bitcoin spot funds shed $751 million in net outflows just weeks after powering the asset to a $124,000 all-time high, while Ethereum ETFs quietly absorbed $3.9 billion, according to market data.
