Daily Market Updates: Bitcoin and ether ETFs record eight-week outflow rebound

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Bitcoin and ether ETFs record eight-week outflow rebound

After eight straight weeks of combined outflows totaling $9.46 billion, this week saw $282 million in combined inflows, recouping about 3% of the prior withdrawals.

Reported · Written up by our desk · Bitcoin

Bitcoin and ether ETFs posted a rebound after weeks of withdrawals, with The Block reporting that the two groups recorded $282 million in combined inflows this week.

That follows an eight-week outflow streak in which investors pulled a combined $9.46 billion from the two ETF categories, The Block said, meaning the latest inflows recovered only about 3% of those earlier outflows.

The Block characterized the move as a modest snap back rather than a full reversal of the prior trend.

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The BlockBitcoin, ether ETFs snap eight-week outflow streaks with $282 million combined inflow

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Bitcoin and ether ETFs record eight-week outflow rebound

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