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Crypto

US Crypto ETFs Diverge as Bitcoin Loses $11.64M, Ether Gains $9.23M

Guavy AI Editorial Team
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Crypto exchange-traded funds (ETFs) in the US diverged on July 27 as Bitcoin funds lost $11.64 million, while Ethereum products gained $9.23 million.

The divergence occurred despite falling exchange reserves softening the bearish signal from fund outflows.

BlackRock's iShares Bitcoin Trust led the losses with $8.82 million in withdrawals, but its iShares Ethereum Trust offset withdrawals elsewhere by gaining $11.75 million.

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