Bitcoin and Ethereum ETF Flows Update: Blackrock and Grayscale Movements
11/19/2024 4:01:04 PM
According to Lookonchain, as of November 19, Bitcoin ETFs have seen a net inflow of 918 BTC, equivalent to $84.74 million. Notably, Blackrock experienced inflows of 978 BTC, valued at $90.28 million, and currently holds 472,307 BTC, worth approximately $43.58 billion. In contrast, Ethereum ETFs reported a net outflow of 20,121 ETH, amounting to $62.56 million. Grayscale's Ethereum Trust (ETHE) saw significant outflows of 13,353 ETH, valued at $41.51 million, with a current holding of 1,533,464 ETH. These movements suggest a positive sentiment towards Bitcoin ETFs, particularly from institutional investors like Blackrock, while Ethereum ETFs face outflows, indicating potential bearish sentiment. (Source)
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