$BTC ETF finally stopped the bleeding!
It recorded a net inflow of $21.13 million in a single day.
BlackRock's IBIT attracted $22.38 million!
But ETH ETFs have now seen outflows for 9 consecutive days.
The gap between BTC and ETH fund flows keeps widening!
On October 9, U.S. spot BTC ETFs ended their recent string of large outflows, recording a net inflow of $21.13 million for the day. BlackRock's IBIT saw net inflows of $22.38 million, while Fidelity's FBTC recorded net outflows of $3.58 million. The inflows are still relatively modest, but after several days of hundreds of millions of dollars in withdrawals, they at least suggest that the outflow pressure on BTC ETFs may be easing.
The picture for ETH is clearly weaker. Spot ETH ETFs saw another $56.10 million in net outflows that day, all of it from BlackRock's ETHA. That marks 9 consecutive trading days of net outflows. The key thing to watch now is this divergence in fund flows: if BTC ETFs move from stabilizing to sustained net inflows while ETH continues to struggle to attract capital, institutional money may keep favoring BTC in the short term.
BTC ETFs have finally shifted from heavy outflows back to net inflows.
ETH has been bleeding for 9 straight days. It's becoming increasingly clear which asset institutional investors prefer!
Tap the card below to get started! 👇
$ETH $ZEC
It recorded a net inflow of $21.13 million in a single day.
BlackRock's IBIT attracted $22.38 million!
But ETH ETFs have now seen outflows for 9 consecutive days.
The gap between BTC and ETH fund flows keeps widening!
On October 9, U.S. spot BTC ETFs ended their recent string of large outflows, recording a net inflow of $21.13 million for the day. BlackRock's IBIT saw net inflows of $22.38 million, while Fidelity's FBTC recorded net outflows of $3.58 million. The inflows are still relatively modest, but after several days of hundreds of millions of dollars in withdrawals, they at least suggest that the outflow pressure on BTC ETFs may be easing.
The picture for ETH is clearly weaker. Spot ETH ETFs saw another $56.10 million in net outflows that day, all of it from BlackRock's ETHA. That marks 9 consecutive trading days of net outflows. The key thing to watch now is this divergence in fund flows: if BTC ETFs move from stabilizing to sustained net inflows while ETH continues to struggle to attract capital, institutional money may keep favoring BTC in the short term.
BTC ETFs have finally shifted from heavy outflows back to net inflows.
ETH has been bleeding for 9 straight days. It's becoming increasingly clear which asset institutional investors prefer!
Tap the card below to get started! 👇
$ETH $ZEC