On September 16, 2024, Bitcoin exchange-traded funds (ETFs) in the U.S. experienced a significant decrease in net inflows compared to the previous week, coinciding with a decline in Bitcoin's price. However, certain ETFs managed by prominent institutions like BlackRock and Fidelity continued to gain traction. BlackRock's Bitcoin ETF (IBIT) saw a recovery with $15.8 million in inflows after 13 consecutive days of no positive net flows. Ethereum-focused ETFs, on the other hand, saw net outflows of $9.4 million, with Grayscale's Ethereum ETF (ETHE) accounting for the largest portion of this outflow. The decline in ETF inflows may be attributed to the recent cryptocurrency price decline, but the continued inflows into BlackRock and Fidelity ETFs indicate investor confidence in established funds. Overall, the divergence in inflows between Bitcoin and Ethereum ETFs reflects shifting investor sentiment, and it remains to be seen how these funds will perform in the future.
Wintermute to launch predictions market called OutcomeMarket, beginning with TRUMP and HARRIS tokens