Bitcoin ETFs Experience Significant $359 Million Outflow as Ether ETFs Thrive
The Bitcoin ETF market saw a dramatic shift as it ended its 10-day streak of inflows, facing an outflow of $359 million. This downward trend was primarily driven by significant withdrawals from industry leaders like Fidelity and Grayscale. In contrast, Ether ETFs demonstrated robust momentum, achieving their ninth consecutive day of inflows with a total of $91.93 million. This divergence in ETF performance highlights the evolving dynamics of the cryptocurrency market and investor preferences amid changing regulatory landscapes.