Bitcoin and ether ETFs see outflows despite price gains, signaling cautious institutional sentiment.
U.S. spot bitcoin ETFs experienced a net outflow of $95 million, led by Fidelity's FBTC and ARKB, while ether ETFs ended a five-day inflow streak with about $52 million in outflows. Despite these fund outflows, bitcoin prices rose 3.5% to nearly $64,000, and ether increased 2.6% to $1,760, driven by positive market sentiment in Asia. The divergence suggests institutional investors remain cautious even as cryptocurrency prices recover from recent geopolitical concerns. Total bitcoin ETF assets stand near $77 billion, and ether ETF assets are about $9 billion.
U.S. spot bitcoin ETFs experienced a net outflow of $95 million, led by Fidelity's FBTC and ARKB, while ether ETFs ended a five-day inflow streak with about $52 million in outflows. Despite these fund outflows, bitcoin prices rose 3.5% to nearly $64,000, and ether increased 2.6% to $1,760, driven by positive market sentiment in Asia. The divergence suggests institutional investors remain cautious even as cryptocurrency prices recover from recent geopolitical concerns. Total bitcoin ETF assets stand near $77 billion, and ether ETF assets are about $9 billion.
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