Bitcoin ETF Comot Out $131M; Ethereum ETF Dey Still Get Inflows
Crypto investment products dem get record inflows of $4.4bn last week, e mark 14 weeks straight of net inflow and push assets wey dem dey manage go $220bn. Exchange-traded product turnover near $40bn as institutions dey put capital inside. Ethereum-led inflows total $2.12bn during 24.5% price rally, while Bitcoin ETFs gather $2.2bn for the same time. On July 21, spot Bitcoin ETFs record $131m net outflow, end 12-day inflow streak. ARK Invest’s ARKB lead redemptions, followed by GBTC, FBTC, VanEck and Bitwise. Bitcoin fall below $120k to $116,639 before e bounce back. Since dem launch am, spot Bitcoin ETFs don gather $54.75bn and hold about $152bn in BTC (6.5% of supply). Meanwhile, Ethereum ETFs continue to dey get inflows with $297m as ETH dey trade near $3,705. These flows show strong institutional demand and solid liquidity, but recent Bitcoin ETF outflows fit mean short-term volatility.
Neutral
Di net outflow from spot Bitcoin ETFs fit put short-term downward pressure for Bitcoin price, as e show for drop below $120,000. But dis come after long period of inflow and record digital asset fund inflows, while ETFs don accumulate over $54.75bn in BTC holdings since dem launch am. The quick price rebound and ongoing institutional interest dey reduce sustained bearish momentum, e make market outlook remain neutral for Bitcoin. On the other hand, steady inflows into Ethereum ETFs dey support ETH price path, e also help stabilize the broader crypto market.