Mixed ETF Flows: Bitcoin Outflows vs. Ethereum Inflows
12/26/2024 3:49:39 PM
According to Lookonchain, on December 26, Bitcoin ETFs experienced a net outflow of 1,620 BTC, equivalent to approximately $155.18 million. Notably, Fidelity had significant outflows of 852 BTC, valued at $81.6 million, but still holds a substantial amount of 202,342 BTC, worth $19.38 billion. In contrast, Ethereum ETFs saw a net inflow of 1,000 ETH, amounting to $3.35 million. Fidelity contributed to this inflow by adding 1,000 ETH, valued at $3.35 million, to its holdings, which now total 435,000 ETH, worth $1.45 billion. This divergence in ETF flows may indicate differing market sentiments towards Bitcoin and Ethereum. (Source)
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