Bitcoin spot ETFs attracted $397M in fresh investments last week.
Fidelity’s Bitcoin ETF (FBTC) saw $138M in new inflows.
ARK 21Shares Bitcoin ETF (AKRB) brought in $102M.
Ethereum spot ETFs suffered a $26.26M outflow, with Grayscale ETHE losing $46.38M.
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Bitcoin ETFs See Big Wins with Growing Interest
Bitcoin continues to be the shining star in the crypto world as spot exchange-traded funds (ETFs) enjoyed a significant $397 million in net inflows last week. Fidelity’s Bitcoin ETF (FBTC) took the lion’s share, raking in $138 million, while ARK 21Shares Bitcoin ETF (AKRB) followed close behind with $102 million in new investments.
The growing excitement around Bitcoin ETFs comes as investors look for more traditional ways to gain exposure to the leading cryptocurrency. As optimism builds around regulatory approval of spot Bitcoin ETFs, more institutional and retail investors are jumping on board, driving demand and pushing inflows to new heights.
Ethereum ETFs Take a Hit as Investors Pull Back
While Bitcoin is on the rise, Ethereum is hitting a rough patch. Ethereum spot ETFs recorded a net outflow of $26.26 million, with Grayscale’s Ethereum ETF (ETHE) seeing the largest chunk, losing $46.38 million.
Despite Ethereum’s strong reputation in decentralized finance (DeFi) and smart contracts, the recent market environment has caused investors to pull back. Ongoing questions around Ethereum’s staking rewards and upcoming network upgrades may be causing hesitation, as investors wait for more certainty before committing further capital.
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Bitcoin and Ethereum remain the two biggest names in crypto, but their performance in the ETF space tells two very different stories. As Bitcoin ETFs continue to attract new money, Ethereum may need to regain investor confidence in the weeks ahead.
