Ethereum ETFs Soar as Bitcoin Funds Drain $462 Million

Bitcoin ETFs have been experiencing outflows for four consecutive days, losing $13.29 million on September 11 and a total of $462.73 million over the week.

The biggest contributor to this decline was BlackRock's IBIT, which saw significant withdrawals.

However, Ethereum ETFs showed a stark contrast with $216.41 million in inflows during the same period, led by BlackRock's ETHA.

This marks a fourth positive week for Ethereum ETFs and indicates growing institutional interest in ether.