Analyst: Bitcoin and Ether ETFs Showing Diverging Money Flows
BRN analyst Valentin Fournier said that inflows into the bitcoin and ethereum ETFs have slowed down, but this isn't necessarily bad news as overall trading activity is still strong, but inflows into the two assets are diverging, for example, on the previous day there were $11.8 million in inflows into the bitcoin ETF and $11.7 million outflows from the ethereum ETF. Although inflows are temporarily lower, the continued high trading volumes suggest continued market participation rather than waning interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Whale Accumulates 7074 ETH Buys Today, Worth $13.8 Million
The US Dollar Index DXY is up 23 pips in the short term and is now at 104.13
Trump: tariffs will be flexible because it's reciprocal
Fed's Williams: Fed in no hurry to make next monetary policy decision
Trending news
MoreCrypto prices
More
