Bitcoin ETFs See Surge in Interest as Ethereum Funds Experience Outflows
Spot cryptocurrency exchange-traded funds (ETFs) traded in the US showed distinct patterns of investor activity. According to SoSoValue data, spot Bitcoin ETFs recorded a net inflow of $32.11 million, while spot Ethereum ETFs experienced a net outflow of $18.65 million.
Institutional investors continued to show interest in Bitcoin, while short-term profit-taking was observed in Ethereum funds. BlackRock's iShares Bitcoin Trust (IBIT) fund recorded the highest net inflow with $89.83 million in a single day, bringing its cumulative net inflow to date to $60.42 billion.
Conversely, the largest outflow was seen in Fidelity Wise Origin Bitcoin Fund (FBTC), which experienced a net outflow of $43.08 million, while its historical total net inflow stands at $9.96 billion.