Crypto
Bitcoin ETFs Crash as Ethereum Funds Defy Gravity
The Bitcoin ETFs saw a significant downturn last week, with net outflows reaching over $460 million. This is a stark contrast to their previous performance, where they attracted over $1.9 billion in just one week in mid-August.
The trend change began on Tuesday of the past business week, with net withdrawals amounting to $46.65 million. The outflows continued throughout the rest of the week, totaling $462.73 million by Friday.
In contrast, Ethereum ETFs saw significant net inflows last week, with a two-week peak of $216.41 million on Friday. This is quite a turnaround from earlier in the week when investors withdrew over $24 million on Monday.