⚡ Bitcoin $BTC ETF saw net outflows of 462.73 million USD from 8 to 11/9, while Ethereum $ETH ETF attracted net inflows of 216.4 million USD on just 11/9.
September 10 was the worst day for BTC ETF, with 282.7 million USD fleeing the funds, mainly from ARKB and GBTC; Bitcoin’s price fell 2.9% over the week, from about 79,000 USD to 77,324.76 USD. Ethereum ETF reversed course thanks to BlackRock’s ETHA (148.8 million USD) and ETHB (18.3 million USD).
Why is this noteworthy?
After 3.52 billion USD flowed into BTC ETF in August, September’s fund flows show investors are shifting toward Ethereum.
Put simply:
Money is being withdrawn from Bitcoin funds and flowing into Ethereum funds.
#CryptoNews
🔗 Source: AMBCrypto
⚠️ Information is for reference only and not investment advice. Do your own research before making any decision (DYOR).
September 10 was the worst day for BTC ETF, with 282.7 million USD fleeing the funds, mainly from ARKB and GBTC; Bitcoin’s price fell 2.9% over the week, from about 79,000 USD to 77,324.76 USD. Ethereum ETF reversed course thanks to BlackRock’s ETHA (148.8 million USD) and ETHB (18.3 million USD).
Why is this noteworthy?
After 3.52 billion USD flowed into BTC ETF in August, September’s fund flows show investors are shifting toward Ethereum.
Put simply:
Money is being withdrawn from Bitcoin funds and flowing into Ethereum funds.
#CryptoNews
🔗 Source: AMBCrypto
⚠️ Information is for reference only and not investment advice. Do your own research before making any decision (DYOR).