Bitcoin spot exchange-traded funds (ETFs) experienced a total net outflow of $210 million, reflecting ongoing market volatility.
Ethereum ETFs See Modest Inflows, Bitcoin Spot ETFs Record $210 Million Outflows
Major Bitcoin ETFs including GBTC, FBTC, and ARKB saw significant outflows of $89.01 million, $113.6 million, and $92.36 million, respectively.
The total net asset value (NAV) of Bitcoin spot ETFs currently stands at $108.981 billion, underscoring the impact of these withdrawals.
As Bitcoin ETFs continue to surge, the Bitcoin price was trading at around 96,800 at the time of writing.
In comparison, Ethereum spot ETFs recorded a mild net inflow of $1.1527 million on the same day. The total NAV of Ethereum spot ETFs reached $11.398 billion, while the historical cumulative net inflow was $2.414 billion, reflecting the stable investor interest in Ethereum-based funds.
Ethereum, which has not seen as many highs as Bitcoin, was around $3,200 at the time of writing.
The opposing trends highlight the divergent investor sentiment between Bitcoin and Ethereum ETFs as the digital asset market continues to navigate a challenging regulatory and economic environment.
*This is not investment advice.
