Significant Outflows in Bitcoin ETFs and Inflows in Ethereum ETFs
8/12/2024 4:50:37 PM
According to @lookonchain, as of August 9, there has been a notable net outflow of 4,255 BTC (worth approximately $254.17 million) across 10 Bitcoin ETFs. Specifically, Grayscale's GBTC experienced outflows of 3,090 BTC (valued at $184.56 million) and now holds a total of 233,840 BTC (worth $13.97 billion). In contrast, 9 Ethereum ETFs saw a net inflow of 2,533 ETH (worth around $6.77 million). iShares led the inflows with 7,576 ETH (valued at $20.25 million) and currently holds 293,939 ETH. These movements suggest a shifting investor sentiment towards Ethereum over Bitcoin. (Source)
Bitcoin Ethereum ETH BTC Grayscale GBTC iSharesMore from Lookonchain (@lookonchain): Looking for smartmoney onchain