ETF NetFlow Update: Bitcoin Outflows and Ethereum Inflows
10/4/2024 3:48:28 PM
According to Lookonchain, on October 4, Bitcoin ETFs experienced a net outflow of 1,258 BTC, equivalent to $77.38 million. Notably, ARK21Shares alone saw outflows of 954 BTC, valued at $58.7 million, and currently holds 47,219 BTC, worth approximately $2.91 billion. In contrast, Ethereum ETFs saw a net inflow of 2,695 ETH, amounting to $6.43 million. iShares contributed significantly to this with inflows of 5,150 ETH, valued at $12.29 million, and now holds 400,568 ETH, worth about $955.76 million. These movements indicate a shift in investor focus from Bitcoin to Ethereum. (Source)
Bitcoin Ethereum ETF iShares ARK21SharesMore from Lookonchain (@lookonchain): Looking for smartmoney onchain