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$1.2 Billion Withdrawn from US Bitcoin ETFs as London Sees Crypto Revival

$1.2 Billion Withdrawn from US Bitcoin ETFs as London Sees Crypto Revival

Spot Bitcoin ETFs saw $446 million in weekly inflows, reflecting renewed institutional interest, while Ether funds posted a second consecutive week of outflows.

BTC
ETH

Summary

Spot Bitcoin ETFs recorded $446 million in weekly inflows, indicating increased institutional confidence in Bitcoin. In contrast, Ether-focused funds experienced net outflows for the second week in a row, underscoring differing investor sentiment toward the two major cryptocurrencies.

Terms & Concepts
  • Bitcoin Spot ETFs: Exchange-traded funds that directly track Bitcoin’s price and allow investors to gain exposure to Bitcoin without owning the cryptocurrency.
  • Outflows: The withdrawal of capital from a fund or asset, leading to a reduction in its total holdings.