Bitcoin ETF outflows hit $390M – Are investors turning to altcoins?

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Bitcoin ETFs recorded $390 million in net outflows last week, with Fidelity FBTC and BlackRock IBIT seeing the largest redemptions at $153.1 million and $129.1 million respectively. Ethereum ETFs also experienced $2.26 million in outflows, despite Grayscale ETH attracting $15.1 million in inflows. This trend contrasts with smaller altcoin ETFs, which mostly recorded inflows, with SOL leading at $10.26 million, followed by HYPE at $2.74 million and XRP at $2.25 million. Bitcoin’s price fell from around $64,000 to $63,256 while Ethereum dropped from $1,900 to $1,893, with the broader crypto market remaining in fear territory at 31.

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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.

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