CandleFocus Bitcoin Spot ETFs Witness $1.00B in Inflows, Ethereum ETFs Bear Outflows Despite Price Surge
2024-11-22
Author: Content Editor
Bitcoin spot ETFs saw significant net inflows on November 21, totaling $1.005 billion, indicating growing appeal among institutional investors. The top gainers in the Bitcoin ETF market were IBIT, FBTC, and BITB, with IBIT leading with $608.41 million in cumulative inflows. On the other hand, Ethereum spot ETFs experienced outflows of $9.05 million, with only three Ethereum ETFs seeing inflows. This shift in investor interest from Ethereum to Bitcoin highlights the increasing attention and market stability of Bitcoin ETFs.
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