Spot Bitcoin ETFs Experience $81 Million Outflow as Spot Ether Funds Gain
Thursday, 15 August 2024, 05:43
On Wednesday, U.S. spot Bitcoin ETFs recorded a staggering $81.36 million in net outflows, breaking a two-day positive flow streak. In contrast, spot Ether ETFs attracted $10.77 million in inflows, highlighting a notable shift in investor interest.
Market observers are keen to analyze this change, as it reflects broader sentiment towards digital assets. With this outflow, Bitcoin's performance may face increased scrutiny amidst the rising popularity of Ether, suggesting a need for vigilant investment strategies.
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.