Bitcoin & Ethereum ETFs Witness Significant Capital Reversal Following Market Drop

The cryptocurrency exchange-traded fund (ETF) market experienced a notable rebound following Monday’s substantial $755 million net outflow. ETFs tracking Bitcoin and Ethereum attracted $340 million in net inflows, partly offsetting the previous week’s losses. This surge was driven by increased demand for Fidelity’s FBTC and FETH ETFs. While FBTC witnessed a significant influx of $132.67 million, BlackRock’s IBIT saw an outflow of $30.8 million and Valkyrie’s BRRR experienced a withdrawal of $14 million. Ethereum ETFs also saw inflows, totaling $236.22 million, notably led by Fidelity’s FETH ETF. )