Ether ETFs Shine Amid $79M Outflow from Bitcoin Funds

U.S. spot bitcoin ETFs saw a significant loss on Tuesday, with $79.09 million in net outflows, despite gains from BlackRock, Fidelity, and VanEck.

However, Ark Invest and 21Shares lost $134.74 million, pushing total net inflows since January to $21.15 billion. Meanwhile, ether ETFs gained $11.94 million, driven entirely by BlackRock’s ETHA, reducing cumulative outflows to $488.85 million since July.

These movements highlight contrasting trends between bitcoin and ether ETFs, reflecting ongoing shifts in investor sentiment within the crypto market.

Clever Robot News Desk 24^th October 2024