US Spot Bitcoin ETFs Experience Significant Net Inflows as BTC Approaches $60,000

Wednesday, 18 September 2024, 09:31

Bitcoin ETFs recorded $187 million in net inflows as BTC stabilizes around $60,000. Conversely, Ethereum ETFs faced $15.1 million in net outflows. This shift highlights investor sentiment in the growing cryptocurrency market and the divergence in asset flows between Bitcoin and Ethereum.
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US Spot Bitcoin ETFs Experience Significant Net Inflows as BTC Approaches $60,000

Bitcoin ETFs Performance Highlights

Recent data shows that Bitcoin ETFs have logged $187 million in net inflows yesterday, as BTC remains steady around $60,000. This indicates strong investor interest amid the cryptocurrency's fluctuating dynamics.

Ethereum ETFs Facing Challenges

In contrast, the U.S. spot Ethereum exchange-traded funds recorded $15.1 million in net outflows for the second consecutive day. This trend raises questions about investor confidence in the Ethereum market.

Implications for Investors

These contrasting flows showcase the evolving landscape of cryptocurrency investments. Investors are increasingly leaning towards Bitcoin as it stabilizes, while the challenges faced by Ethereum ETFs could signal a shift in market dynamics.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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