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Crypto ETF Flows Show Divergence: Bitcoin Outflows, Ethereum Inflows
The latest data on US crypto ETF flows shows a significant divergence between Bitcoin and Ethereum. Bitcoin ETFs experienced a net outflow of 7,157 BTC, equivalent to approximately $745.93 million, with BlackRock reducing its holdings by 4,113 BTC to now own 660,842 BTC valued at around $68.88 billion. Conversely, Ethereum ETFs saw a net inflow of 26,572 ETH, worth roughly $66.65 million, with BlackRock increasing its holdings by 27,241 ETH, totaling 1,417,021 ETH valued at about $3.55 billion.
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AI Analysis
The recent ETF flow data indicates a clear contrasting trend between Bitcoin and Ethereum in the institutional crypto space. The substantial outflow of Bitcoin from ETFs suggests a possible reduction ...
AI Recommendation
Given the contrasting ETF flow trends, it is advisable for investors to exercise caution with Bitcoin holdings, considering the recent outflows which could imply short-term risk aversion or profit-tak...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.