Bitcoin ETF Inflows Surge Amidst Ethereum Outflows

Institutional investors are shifting investment strategies, driving substantial inflows into Bitcoin ETFs and prompting a first outflow from Ethereum-based products. On June 13th, U.S. Bitcoin ETFs witnessed a net inflow of $301.7 million, while Ethereum ETFs experienced a net outflow of 795 ETH, valued at roughly $2.1 million. This divergence in flows reflects varying investment tactics by major financial institutions like BlackRock and Fidelity. These contrasting movements saw Grayscale’s inflows further highlight the diverse strategies employed by key players.