Key Points:
- Bitcoin Spot ETF outflows totaled $186M, while IBIT attracted significant inflows.
- Ethereum Spot ETFs experienced a net outflow of $22.46M, adding to market concerns.
Bitcoin Spot ETF Outflows reached $186M on Feb 10, while BlackRock’s IBIT saw $55.36M inflows. Ethereum Spot ETF also recorded a $22.46M net outflow.
Bitcoin Spot ETF Outflows Surge Amid Market Fluctuations
On February 10, Bitcoin Spot ETFs witnessed huge outflows of $186M, showing that investors have changed their minds. In contrast, BlackRock’s IBIT ETF inflow was $55.36M, which is a divergence in the movement of funds.
These changes indicate different levels of confidence among institutional investors. According to Sosovalue, while some funds are suffering from capital flight, others, like IBIT, continue to attract inflows, showing mixed reactions in the market.
Read more: Top Altcoins ETF Approvals: Bloomberg’s Predictions
Ethereum Spot ETF Faces Outflows Amid Bitcoin Market Trends
Additionally, Ethereum Spot ETFs contributed to the turmoil with a net outflow of $22.46M. It seems investors are realigning their positions for Ethereum not much different from Bitcoin Spot ETF Outflows.
Despite losses from Ethereum, BlackRock‘s IBIT ETF showed resilience with positive inflows. This trend invites questions of investor preference and its long-term ramifications for the crypto ETF market.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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