The crypto market remains mostly flat as traders await economic reports. During this period, Bitcoin ETFs have seen notable inflows.
Bitcoin Experiences Significant Inflows
Bitcoin ETFs recorded inflows of $332 million, the highest level since August 8. This indicates growing institutional confidence in Bitcoin, which continues to trade above $111,000 with a 0.81% gain.
Ethereum ETF Sees Capital Outflow
While Bitcoin ETFs attracted fresh demand, Ethereum ETFs faced outflows of $135 million, reflecting shaky investor sentiment towards ETH. Ethereum fell 1.44% to $4,315, underperforming Bitcoin.
Market Outlook Remains Neutral
The Fear & Greed Index (FGI) held steady at 55, signaling neutral market sentiment. Total crypto market capitalization is currently at $4.04 trillion, indicating stability despite mixed ETF flows. However, liquidations reached $240 million, emphasizing ongoing volatility risks.
The divergence between inflows into Bitcoin and outflows from Ethereum ETFs highlights a shifting stance among institutional investors towards the crypto market amid uncertainty.