The flow of funds into Bitcoin and Ethereum exchange-traded funds (ETFs) stopped last Friday, marking the first net outflows after a long period of positive inflows.
According to reports, Bitcoin funds experienced outflows of $14 million, while Ethereum funds saw much larger outflows of $59 million. This shift comes after a strong bullish wave in recent weeks, especially for Ethereum funds that recorded record trading volumes.
A detailed analysis reveals that the overall negative flows were primarily driven by certain funds such as Grayscale's GBTC, Grayscale's ETHE, and Fidelity's FETH. In contrast, some leading funds like BlackRock's IBIT and BlackRock's ETHA continued to record strong inflows, indicating that investors are still showing confidence in these products.
This volatility is normal in cryptocurrency markets and often reflects profit-taking by some investors after periods of significant rises.
Important risk notice:
Trading cryptocurrencies involves high risks and may lead to capital losses. You should make your investment decisions wisely and after conducting thorough research. This information is not financial advice.
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