ETF NetFlow Update: Bitcoin Outflows and Ethereum Inflows
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According to Lookonchain, on October 4, Bitcoin ETFs experienced a net outflow of 1,258 BTC, equivalent to $77.38 million. Notably, ARK21Shares alone saw outflows of 954 BTC, valued at $58.7 million, and currently holds 47,219 BTC, worth approximately $2.91 billion. In contrast, Ethereum ETFs saw a net inflow of 2,695 ETH, amounting to $6.43 million. iShares contributed significantly to this with inflows of 5,150 ETH, valued at $12.29 million, and now holds 400,568 ETH, worth about $955.76 million. These movements indicate a shift in investor focus from Bitcoin to Ethereum.
SourceLookonchain
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