Bitcoin ETF Outflows Surge Amid Ethereum’s Inflow Boom

BlackRock’s Bitcoin and Ethereum ETFs witnessed significant trading activity today, reflecting a divergence in institutional sentiment towards the crypto market. While BlackRock’s Bitcoin ETF (IBIT) faced outflows of -51 BTC ($5.57 million), highlighting investor disengagement with the cryptocurrency’s price volatility, Ethereum ETFs saw substantial inflows of nearly $170 million, driven by investment interest in the burgeoning Ethereum ecosystem. This trend suggests a potential shift in institutional focus from Bitcoin to Ethereum. ]