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Crypto

Bitcoin Outflows Amidst Ethereum ETF Influx

Guavy AI Editorial Team
Instruments
BTC ETH
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US crypto spot ETFs experienced a notable divergence in flows last week, with Bitcoin ETFs witnessing significant outflows while Ethereum ETFs observed substantial inflows.

This contrasting movement highlights a growing investor inclination towards Ethereum over Bitcoin in the current market climate. The outflows were primarily driven by sales from Fidelity and Grayscale ETFs, which collectively sold 2,017 BTC.

The net outflow from Bitcoin spot ETFs was approximately $61.53 million, equivalent to around 915 BTC, while Ethereum spot ETFs recorded a net inflow of $27.42 million, equivalent to about 5,230 ETH.

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