Bitcoin spot exchange-traded funds (ETFs) experienced significant net outflows totaling $284 million, reflecting changing market dynamics.
Bitcoin Spot ETFs See $284 Million Net Outflows; BlackRock ETF Leads Inflows
Despite the broader outflows, BlackRock’s IBIT Bitcoin ETF stood out, recording net inflows of $29.46 million, the most among Bitcoin spot ETFs for the day.
Ethereum Spot ETFs Continue to Make Outflows
Ethereum spot ETFs reported a net outflow of $39.43 million, marking the fourth consecutive day of withdrawals. However, BlackRock’s ETHA Ethereum ETF bucked the trend with net inflows of $12.89 million, the largest among Ethereum spot ETFs during the same period.
The contrasting inflows into BlackRock’s ETFs underscore growing investor confidence in the asset manager’s cryptocurrency offerings, even amid broader outflows from the spot ETF market.
Both Bitcoin and Ethereum spot ETFs remain closely watched indicators of institutional and retail sentiment in the cryptocurrency market.
*This is not investment advice.
