Bitcoin ETFs Grew $130 Million Last Week, But Ethereum-Centric Funds Shrank $14 Million

May 14, 2024

Bitcoin exchange-traded funds (ETFs) have seen a reversal in outflows, with $130 million entering the funds last week, according to a report from CoinShares. Most of the movement was seen in American funds, particularly the new spot ETFs that provide exposure to Bitcoin for traditional stock investors. However, European investors pulled $14 million out of Ethereum-related funds due to bearish sentiment surrounding the approval of an Ethereum ETF.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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