ETH Continues to Outpace BTC Amid Biggest Bitcoin ETF Outflows in Months: Bitfinex Alpha
Following a period of substantial inflows, U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) are facing a season of major outflows. During this time, Bitcoin ETFs are leading, and these withdrawals are reflecting the price of the underlying asset.
Data reviewed by analysts at the crypto exchange Bitfinex revealed that investors withdrew at least $1.18 billion from spot Bitcoin ETFs last week. Their Ethereum counterparts saw fewer outflows, possibly due to the ongoing capital rotation into the altcoin market.
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ETH Continues to Outpace BTC Amid Biggest Bitcoin ETF Outflows in Months: Bitfinex Alpha
Following a period of substantial inflows, U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) are facing a season of major outflows. During this time, Bitcoin ETFs are leading, and these withdrawals are reflecting the price of the underlying asset.
Data reviewed by analysts at the crypto exchange Bitfinex revealed that investors withdrew at least $1.18 billion from spot Bitcoin ETFs last week. Their Ethereum counterparts saw fewer outflows, possibly due to the ongoing capital rotation into the altcoin market.
Read More