Bitcoin ETFs Face Net Outflows as Ethereum ETFs Attract Investment
Breaking News: Bitcoin ETFs Experience Significant Net Outflows
In a recent turn of events, Bitcoin ETFs have recorded net outflows for three consecutive days, resulting in a substantial loss of approximately 394.3 billion won. This development comes as a surprise, considering the recent slowdown in investments in Bitcoin ETFs.
Ethereum ETFs Continue to See Strong Net Inflows
In contrast, Ethereum ETFs have continued their streak of net inflows, spanning 11 consecutive days. The total inflow for Ethereum ETFs amounts to about 107.8 billion won. This trend indicates a strong preference among institutional investors for Ethereum over Bitcoin.
Detailed Investment Movements
According to Bitcoin.com, a significant repurchase occurred in the IBIT of Black Rock, leading to a loss of about 17.98 billion won over a single day. Other notable outflows include 101.9 billion won from Ark 21Shares Arkb, 69.1 billion won from FIDELITY, and 22.7 billion won from GBTC in GrayScale. Bitwise’s Bitb, however, recorded a slight inflow of about 4.7 billion won.
Impact on Overall Trading and Net Assets
Despite the net outflows, Bitcoin ETFs’ overall trading price remains steady at 3.214.2 billion won. However, net assets have slightly declined to about 173.85 trillion won. On the other hand, Ethereum ETFs have seen consistent inflows, with notable contributions from ETHA in Black Rock and Fidelity’s FETH, amounting to 66.7 billion won and 41 billion won, respectively.
Expert Insights and Future Implications
The recent movements in Bitcoin and Ethereum ETFs have sparked discussions among institutional investors about the possibility of “rotation trade” between these digital assets. This strategy involves shifting investments from one asset to another to capitalize on short-term market trends. Experts suggest that the current situation may reflect profit-taking and portfolio rebalancing strategies.
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