Outflows from Bitcoin ETFs continue, Ethereum ETFs are gaining momentum!
The spot Bitcoin ETF sector has faced its third consecutive day of capital outflows, losing $267.52 million. The largest outflows were recorded from IBIT ($130.44 million), ARKB ($73.91 million), and FBTC ($50.11 million). Even GBTC showed an outflow of $16.47 million. Only BITB managed to attract $3.41 million, while the other funds showed no movement of funds.
At the same time, spot Ethereum ETFs are demonstrating impressive dynamics, marking the 11th consecutive trading day with capital inflows, which has become the longest period of inflows for the second-largest cryptocurrency funds since the beginning of the year. The total inflow amounted to $78.17 million. The leaders were ETHA from BlackRock ($48.40 million) and FETH from Fidelity ($29.78 million).
This situation shows an interesting trend in the market: while Bitcoin ETFs are experiencing a correction period, investors are actively switching to Ethereum, possibly in anticipation of new growth catalysts.
