"Bitcoin spot ETFs recorded a net inflow of $167.23 million, snapping a three-day outflow streak. The recovery was led decisively by Blackrock's IBIT, which pulled in $160.81 million."
"Despite Grayscale's GBTC posting an outflow of $25.87 million, the strength of inflows outweighed the redemptions, pushing the market back into positive territory."
"Ether ETFs, however, continued to drift in the opposite direction, recording its fourth consecutive day of outflows, totaling $16.18 million."
"The contrast is clear. Bitcoin is still attracting institutional demand when sentiment stabilizes, while ethereum continues to face persistent selling pressure."
Bitcoin ETFs saw a resurgence with net inflows of $167.23 million, led by Blackrock's IBIT, which attracted $160.81 million. Fidelity's FBTC contributed an additional $41.70 million. Despite Grayscale's GBTC and Ark & 21shares' ARKB experiencing outflows, the overall inflow strength pushed the market into positive territory. In contrast, Ether ETFs faced continued outflows, totaling $16.18 million, primarily driven by Blackrock's ETHA. Trading activity remained robust, with Bitcoin ETFs showing strong institutional demand while smaller ETF segments remained inactive.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]