📉 Bitcoin ETF funds outflow, Ethereum ETF bucks the trend and attracts funds, has the altcoin season officially begun? 🔥
Bitcoin spot ETFs suffered a large net outflow yesterday, while Ethereum spot ETFs ushered in capital inflows.
According to SoSoValue's data yesterday, we saw two interesting trends. First, Bitcoin spot ETFs experienced a wave of capital outflows yesterday, with a total of US$91.76 million.
Among them, the top three net outflows were ARK 21Shares with a single-day net outflow of US$60.28 million, Grayscale's GBTC ETF with a single-day net outflow of US$27.31 million, and BlackRock's IBIT ETF with a single-day net outflow of US$13.74 million; while Fidelity's FBTCC bucked the trend and had a single-day net inflow of US$21.08 million.
On the other hand, Ethereum spot ETFs ushered in the spring of funds yesterday, with a total net inflow of US$14.45 million. Among them, BlackRock's ETHA ETF and Franklin Templeton's EZET performed well, with net inflows of $18.04 million and $1.81 million, respectively.
💼 Viewpoint:
This divergence in fund flows may reflect the market's different views on different cryptocurrencies. Although Bitcoin ETFs have seen outflows overall, the inflows of funds into Ethereum ETFs may indicate that investors are optimistic about Ethereum's long-term prospects. This also makes us think about whether the market is looking for more diversified cryptocurrency investment opportunities.
In short, in the world of cryptocurrency, new stories happen every day. Whether it is a net outflow of Bitcoin or a net inflow of Ethereum, these may be a reflection of changes in market sentiment and investor strategies. Remember, invest carefully, keep paying attention, and make wise decisions.
💬 What do you think of this fund flow? Do you think this is a trend signal for the market's cryptocurrency alt season? Or is it just a short-term fluctuation? Welcome to share your views in the comment section!
