The US Bitcoin exchange-traded funds (ETFs) experienced outflows, ending a seven-day streak of strong inflows. BlackRock's iShares Bitcoin Trust (IBIT) remains a major buyer, acquiring a significant amount of BTC over the past week and increasing its total holdings. Meanwhile, Ethereum ETFs had a modest inflow, signaling potentially improving sentiment for Ethereum investors. Despite a drop in Bitcoin's price, its market dominance and investor interest remain strong. The market volatility for both Bitcoin and Ethereum may be a cause for concern.
- Content Editor ( coinedition.com )
- 2024-10-23
Bitcoin ETFs See Outflows, But BlackRock’s iShares Trust Keeps Buying