Analyst: Bitcoin and Ether ETFs Show Diverging Money Flow Trends
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.
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Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
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