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Bitcoin ETF Inflows Return as Ether Funds See Fresh Outflows
['Sabica Tahira']
TechJuice
U.S. spot Bitcoin exchange-traded funds (ETFs) returned to positive territory on Wednesday, recording $32.1 million in net inflows and ending a four-session streak of outflows.
The rebound came after Bitcoin ETFs suffered more than $500 million in combined outflows over four consecutive trading sessions.
Since their launch, cumulative net inflows across Bitcoin ETFs have reached $51.36 billion.
Meanwhile, spot Ether ETFs moved in the opposite direction, posting $18.65 million in net outflows on Wednesday.
However, Ether ETFs continue to outperform Bitcoin ETFs on a monthly basis, attracting around $342.9 million in net inflows during July.