Bitcoin ETFs Fuel Inflows; Ethereum ETFs Witness Outflows

Cryptocurrency exchange-traded funds (ETFs) have shown divergent flows this week, with Bitcoin ($BTC) ETFs experiencing significant inflows while Ethereum ($ETH) ETFs saw substantial outflows. According to data from Lookonchain, Bitcoin ETFs added a noteworthy $1.147 BTC in total value, driven by strong inflows into the iShares Bitcoin Trust ($IBIT), which surged to 955 BTC, marking a new high for this ETF. Other Bitcoin ETFs also saw considerable inflows. Notably, BlackRock’s iShares Bitcoin Trust ($IBIT) recorded significant inflows of $80.73 million.