$BTC
$ETH
On the 20th, ETH ETFs returned to net inflows of $6.9 million, but that was nowhere near enough to offset the previous day's outflows.
This also explains why Ethereum has consistently underperformed during Bitcoin's recent rebound.
Institutional investors currently prefer allocating to BTC rather than actively increasing their exposure to ETH.
$MSTRB
BTC Attracted nearly $600 million
ETH Why is it still struggling to rise?
Both are crypto assets that institutions can access through ETFs, but BTC and ETH have recently seen a clear divergence in fund flows.
On October 19, spot Bitcoin ETFs saw net inflows of $526.7 million, while Ethereum ETFs recorded net outflows of $103.3 million.
#crypto
$ETH
On the 20th, ETH ETFs returned to net inflows of $6.9 million, but that was nowhere near enough to offset the previous day's outflows.
This also explains why Ethereum has consistently underperformed during Bitcoin's recent rebound.
Institutional investors currently prefer allocating to BTC rather than actively increasing their exposure to ETH.
$MSTRB
BTC Attracted nearly $600 million
ETH Why is it still struggling to rise?
Both are crypto assets that institutions can access through ETFs, but BTC and ETH have recently seen a clear divergence in fund flows.
On October 19, spot Bitcoin ETFs saw net inflows of $526.7 million, while Ethereum ETFs recorded net outflows of $103.3 million.
#crypto