📈 Bitcoin ETFs maintain a surge for 7 days, while Ethereum ETFs face a cooling 🔄
The latest data is truly exciting; Bitcoin spot ETFs are enjoying a continuous influx of funds, garnering another $294 million yesterday, with net inflows for 7 consecutive days.
It seems investors' enthusiasm for Bitcoin is as high as the recent temperatures. In particular, BlackRock's ETF IBIT is a money magnet, with a single-day net inflow of up to $329 million, bringing its total to an astonishing $23.17 billion.
However, at the same time, Ethereum spot ETFs have encountered headwinds, with a net outflow of $20.8 million yesterday. Among them, Grayscale's ETHE Trust ETF was a major contributor to the outflow, with a single-day net outflow of $29.58 million. Does this mean that market confidence in Ethereum has weakened?
But, hold on before jumping to conclusions; BlackRock's ETHA and VanEck's ETHV still saw decent net inflows yesterday, recording net inflows of $4.86 million and $3.92 million respectively, indicating that there are still many investors optimistic about Ethereum's long-term potential.
🤔 This may reflect differing opinions and strategies among investors regarding different cryptocurrencies. As the leader in the crypto space, Bitcoin continues to attract significant funds. Meanwhile, Ethereum, despite facing some recent challenges, still has strong development momentum and application prospects in the long run.
🔮 This is like a game of capital; each player has their own cards and strategies. As observers, what we can do is closely monitor market dynamics, seize investment opportunities, and also remember risk management.
