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Bitcoin & Ethereum Diverge—ETF Flows Just Flipped The Narrative

Spot Bitcoin ETFs are experiencing a shift after a period of positive inflows. Unlike Bitcoin, Ethereum spot ETFs continue to attract net inflows. These ETFs provide traditional investors access to crypto price movements without navigating complex wallets. The US SEC approved Bitcoin ETFs in January 2024 and Ethereum ETFs in July 2024. Ethereum ETFs have seen four consecutive weeks of net inflows, adding 97,800 ETH. Ethereum ETF holdings are approaching, but haven't yet surpassed, their February peak. Bitcoin ETF holdings initially grew, exceeding their February high last month. However, Bitcoin ETFs have experienced net outflows for the past week, ending an eight-week streak. Bitcoin ETF holdings are down approximately 11,500 BTC from their late-May peak. The divergence in demand between Bitcoin and Ethereum ETFs warrants observation for future market trends.
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Bitcoin & Ethereum Diverge—ETF Flows Just Flipped The Narrative
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