Crypto
Bitcoin Spot ETF Sees Significant Outflows as Ethereum Inflows Skyrocket
Yesterday, the Bitcoin spot ETF saw a significant net outflow of $11.6 million according to Farside Investors data, shared by BlockBeats news on July 28.
The largest contributor to this outflow was BlackRock's IBIT with a net withdrawal of $8.8 million, followed by Fidelity's FBTC at $2.8 million. The other Bitcoin ETFs reported zero capital flows that day.
On the other hand, Ethereum spot ETFs saw a total net inflow of $11.7 million yesterday. BlackRock's ETHA was responsible for this influx with a single-day net inflow of $11.7 million, while other Ethereum ETFs remained unchanged.