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Crypto

BlackRock's Crypto Fund Flows Show Bitcoin, Ether Split

Guavy AI Editorial Team
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BTC
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The daily flow picture for U.S. spot crypto ETFs on July 27 revealed a stark contrast between Bitcoin and Ether funds, according to data from SoSoValue.

Bitcoin funds shed a net $11.64 million while Ether products drew in $9.23 million in fresh capital, with BlackRock's IBIT being the largest spot Bitcoin ETF by assets that recorded an outflow of $8.82 million.

The symmetry between BlackRock's product suite reflecting the cross-currents defining crypto markets is notable, especially considering its role as the world's largest asset manager overseeing $15.3 trillion.

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