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Bitcoin ETF Attracts $332M Amid $135M Outflows for Ethereum ETF

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by Giorgi Kostiuk

2 days ago

The crypto market remains mostly flat as traders await economic reports. During this period, Bitcoin ETFs have seen notable inflows.

Bitcoin Experiences Significant Inflows

Bitcoin ETFs recorded inflows of $332 million, the highest level since August 8. This indicates growing institutional confidence in Bitcoin, which continues to trade above $111,000 with a 0.81% gain.

Ethereum ETF Sees Capital Outflow

While Bitcoin ETFs attracted fresh demand, Ethereum ETFs faced outflows of $135 million, reflecting shaky investor sentiment towards ETH. Ethereum fell 1.44% to $4,315, underperforming Bitcoin.

Market Outlook Remains Neutral

The Fear & Greed Index (FGI) held steady at 55, signaling neutral market sentiment. Total crypto market capitalization is currently at $4.04 trillion, indicating stability despite mixed ETF flows. However, liquidations reached $240 million, emphasizing ongoing volatility risks.

The divergence between inflows into Bitcoin and outflows from Ethereum ETFs highlights a shifting stance among institutional investors towards the crypto market amid uncertainty.

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