Bitcoin ETFs See Continued Growth, Ethereum Funds Face Outflows

Despite a recent positive Pectra upgrade, Ethereum funds experienced net outflows totaling $17.59 million in the latest session. This trend reflects growing caution amidst Ethereum’s ongoing challenges. Bitcoin, on the other hand, saw continued inflows from institutional investors, likely driven by macroeconomic confidence and its status as a digital store of value. Analysts believe these contrasting trends indicate shifts in investor sentiment between the two leading cryptocurrencies. Bitcoin ETFs have remained resilient, while Ethereum’s recent volatility has prompted some capital rotation towards Bitcoin.