According to on-chain analytics platform Lookonchain, Bitcoin ETFs have experienced significant outflows, with a net flow of 2,846 BTC ($157.68 million) leaving the ETFs. Fidelity, a prominent platform in the Bitcoin ETF sector, saw a net outflow of 1,596 BTC ($88.39 million), although it still holds 171,122 BTC ($9.48 billion). On the other hand, Ethereum ETFs recorded slight inflows, with a net flow of 1,786 ETH ($4.11 million). The Grayscale Mini Trust played a major role in driving these inflows, with 3,062 ETH ($7.04 million) flowing into the ETF. Overall, this suggests increasing confidence and interest in Ethereum compared to Bitcoin.
- Content Editor ( blockchainreporter.net )
- 2024-09-10
Bitcoin ETFs Struggle Continues as Ethereum ETFs Record Inflows on September 9