Bitcoin ETFs Attract $332M as Ethereum Faces Outflows
Bitcoin ETFs see biggest inflows since August, while Ethereum ETFs record $135M outflows as traders await key economic data.
- Bitcoin ETFs gain $332M inflows, strongest since Aug 8.
- Ethereum ETFs face $135M in outflows.
- Market trades sideways ahead of economic data.
The crypto market remained mostly flat as traders positioned themselves cautiously ahead of upcoming economic reports. Despite the sideways movement, Bitcoin stood out with its exchange-traded funds (ETFs) attracting $332 million in inflows, marking the highest level since August 8. This renewed interest highlights growing institutional confidence in Bitcoin, especially as it continues to trade above $111,000 with a slight 0.81% daily gain.
Ethereum ETFs See Heavy Outflows
While Bitcoin ETFs attracted fresh demand, Ethereum ETFs recorded $135 million in outflows, showing that investor sentiment toward ETH remains shaky. Ethereum slipped 1.44% to $4,315, underperforming Bitcoin and dragging overall sentiment in the altcoin market. This divergence between BTC and ETH suggests that institutional investors may be favoring Bitcoin as a safer bet in the current uncertain market environment.
Market Outlook Remains Neutral
The Fear & Greed Index (FGI) held steady at 55, indicating neutral sentiment across the market. The total crypto market capitalization currently sits at $4.04 trillion, reflecting stability despite mixed flows in ETFs. However, liquidations reached $240 million, showing that volatility remains a constant risk. Traders appear to be waiting for macroeconomic signals before making larger moves, which could determine whether Bitcoin’s momentum continues or if Ethereum regains strength.
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