US Bitcoin Spot ETF Sees Record Outflow Amid Shift to Ethereum
Bitcoin spot ETFs in the U.S. saw a significant outflow of $389.7 million last week, marking the largest such movement in six weeks.
This shift came as Ethereum ETFs recorded a modest inflow of $6.7 million, indicating a capital flow between the two assets.
The current market conditions for Bitcoin are neutral, with its price trading at $63,072.93 within the Bollinger Bands.
The 50-day Exponential Moving Average (EMA) is acting as immediate resistance at $63,796.87, while the 200-EMA caps upside at $63,694.2.