Bitcoin and Ethereum ETFs Show Diverging Trends
7/29/2024 2:47:07 PM
According to @lookonchain, as of July 29, Bitcoin ETFs experienced a net inflow of 601 BTC, equivalent to $41.32 million. Notably, iShares (Blackrock) saw an inflow of 341 BTC, worth $23.5 million, and currently holds a total of 338,470 BTC, valued at $23.28 billion. In contrast, Ethereum ETFs faced a net outflow of 44,413 ETH, amounting to $147.9 million. Grayscale was a significant contributor to this trend, with outflows of 111,023 ETH, or $369.7 million, and currently holds 2,280,661 ETH. These trends indicate differing investor sentiment towards Bitcoin and Ethereum. (Source)
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