Record Bitcoin ETF Outflows Fuel Ethereum Preference Surge

Recent data reveals record outflows of $616.1 million from Bitcoin ETFs, signaling a shift in investor sentiment towards Ethereum ETFs. Inflows for Ethereum-based ETFs surged by $70.2 million during the same period, indicating a growing preference for alternative investment vehicles. This trend aligns with wider market shifts characterized by risk aversion and increased interest in Ethereum-related assets, particularly DeFi tokens.