Bitcoin ETF Outflows Hit $120M as Investors Flock to Altcoins

U.S. bitcoin ETFs experienced $120.24 million in net outflows on Wednesday, continuing a two-day decline as investors moved capital into altcoin ETFs.

The outflows were led by Ark & 21Shares' ARKB, with nearly $78 million withdrawn, while Ether ETFs gained $34.75 million, led by Blackrock's ETHB.

XRP and Solana ETFs also attracted fresh investments, signaling growing interest in these altcoins.

Despite the short-term outflows, industry experts expect stronger ETF inflows in Q4 as institutional investors expand their crypto allocations.