Bitcoin ETFs Experience a Net Inflow of 1,382 BTC, Ethereum ETFs Face 9,120 ETH Outflow

In Brief:

10 Bitcoin ETFs recorded a net inflow of 1,382 BTC ($142 million) today, with Blackrock's iShares seeing the largest contribution of 682 BTC ($70.26 million).

Meanwhile, 9 Ethereum ETFs saw a net outflow of 9,120 ETH ($21 million), led by Fidelity's outflow of 9,242 ETH ($21.28 million).

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According to data from Lookonchain, Bitcoin ETFs saw a strong performance today with a net inflow of 1,382 BTC, translating to approximately $142 million. The largest contributor to this growth was Blackrock's iShares, which alone saw an inflow of 682 BTC, worth $70.26 million. This brings iShares’ total BTC holdings to 621,600 BTC, valued at $64.07 billion.

In contrast, Ethereum ETFs struggled today, with 9 of them recording a combined net outflow of 9,120 ETH, worth around $21 million. Fidelity, one of the major players, led the outflows with a withdrawal of 9,242 ETH, which amounts to $21.28 million. Despite this setback, Fidelity’s total ETH holdings stand at 404,163 ETH, valued at $931 million.

The contrasting trends between Bitcoin and Ethereum ETFs reflect shifting investor sentiment in the crypto market, as Bitcoin continues to see positive flows while Ethereum faces some challenges.

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