"Bitcoin ETFs recorded a sharp $291.11 million in net outflows, marking one of the largest single-day withdrawals in recent sessions. The underlying flow was mixed, but the imbalance was decisive."
"Ether ETFs edged into positive territory, recording $9.44 million in net inflows, with ETH transactions rising 41% to 3.6 million, hinting at growing activity."
"Despite the heavy outflows from Bitcoin ETFs, trading activity remained robust at $2.44 billion, with net assets standing at $94.51 billion, indicating institutional repositioning."
Bitcoin ETFs faced substantial outflows of $291.11 million, primarily driven by Fidelity's FBTC. In contrast, Ether ETFs gained $9.44 million, with ETH transactions increasing by 41%. XRP saw a slight inflow of $1.46 million, while Solana experienced no activity. Despite the outflows, trading activity remained high at $2.44 billion, suggesting institutional repositioning rather than a complete withdrawal from the market. The overall sentiment indicates a cautious approach among investors towards Bitcoin, while Ether shows signs of growing interest.
Read at news.bitcoin.com
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