Bitcoin ETFs Post Record Outflows as Investors Flock to Ethereum
Bitcoin ETFs witnessed a significant outflow of $72.67 million on September 14, according to data from @lookonchain. The daily net flow for Bitcoin ETFs was -933 BTC, while over seven days it was -5,892 BTC. This trend aligns with the historical movement in institutional allocations between Bitcoin and Ethereum.
In contrast, Ethereum ETFs saw a substantial inflow of +74,493 ETH on September 14, amounting to $186.65 million. Over seven days, they recorded an even higher net flow of +31,407 ETH. These figures indicate that investors are favoring Ethereum over Bitcoin in their portfolios.
It is essential to note that these trends are part of the ongoing shift in institutional allocations between the two assets. This movement highlights the changing investment landscape and the preferences of institutional investors.