Bitcoin ETFs Saw $457 Million Net Outflows Last Week, Ethereum ETFs Recorded $634 Million Net Inflows
Posted On December 2, 2024
Digital asset investment products saw inflows of $270 million last week, setting a new year-to-date record of $37.3 billion, according to a CoinShares report.
What Happened: Bitcoin (CRYPTO: BTC), the largest cryptocurrency, recorded significant outflows of $457 million—the first major outflows since early September, the report stated.
CoinShares attributed this to profit-taking after Bitcoin briefly touched the psychological threshold of $100,000. Meanwhile, Ethereum (CRYPTO: ETH) experienced remarkable inflows of $634 million, signaling a dramatic shift in sentiment …
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