This week marked a significant movement for Bitcoin ETFs as they recorded impressive inflows despite recent outflows, suggesting a confident shift in investor sentiment.
BlackRock Leads ETFs
The total inflows into spot Bitcoin ETFs since Monday reached $785.6 million. BlackRock attracted the largest amount of investor funds. On March 21, BlackRock's ETF gained 1,250 bitcoins, worth $105,554,875. However, taking into account outflows, the total stood at $744.3 million.
Huge Bitcoin Movements
Blockchain sleuth Whale Alert reported a massive Bitcoin transaction involving 2,999 BTC (valued at $252,505,339) transferred from one unknown wallet to another. The community's response varied, with some expressing bullish views, while others wondered about the purpose behind the transfer.
Divergent Ethereum ETF Behavior
In contrast to Bitcoin, Ethereum ETFs show negative flows. The total inflows amounted to -$102.9 million, with recorded outflows reaching -$389.2 million, indicating a shift in investor focus.
While Bitcoin ETFs see a renewed interest with substantial inflows, Ethereum ETFs continue to witness outflows. These trends may indicate a shift in investment preferences in the near future.
