Bitcoin ETFs just bled $265M in a brutal 24 hours, and Ethereum’s supposed rescue is another BlackRock illusion

Share

U.S. spot Bitcoin ETFs posted net outflows of $265.4 million on July 31, reversing a $233.1 million inflow the prior session. Ethereum showed a $9 million net inflow, but only because BlackRock’s staked Ethereum fund (ETHB) drew $15.4 million. Without ETHB, Ether ETFs would have ended the day in outflow. Five-session data shows no evidence of persistent rotation toward Ethereum, with Bitcoin funds losing $36.2 million while Ethereum products lost $69.7 million. The broader market was also lower, with Bitcoin near $62,958 (down 2.09%) and Ethereum at $1,868 (down 1.09%).

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles