Bitcoin ETFs Surge with Massive Inflows While Ethereum Sees a Pullback
U.S. Bitcoin ETFs are on fire! According to data from Lookonchain via PANews, May 2 witnessed a major bullish move in the crypto ETF space. Ten U.S. Bitcoin ETFs saw a net inflow of 3,215 BTC, signaling strong investor confidence. BlackRock led the pack with a whopping 3,636 BTC inflow, pushing its total holdings to 607,685 BTC—now valued at an impressive $58.86 billion!
Meanwhile, Ethereum ETFs faced some turbulence. Nine ETH ETFs experienced a net outflow of 358 ETH, with Grayscale ETHE seeing the largest drop of 4,070 ETH. Despite this, Grayscale still holds 1.14 million ETH, valued at approximately $2.09 billion.
