Bitcoin and Ethereum ETFs Performance:
Spot Bitcoin ETFs saw mixed results with BlackRock’s iShares Bitcoin Trust (IBIT) receiving $205.6 million in inflows, while Grayscale Bitcoin Trust (GBTC) and other ETFs experienced outflows. On the other hand, Ethereum ETFs had net outflows, with Grayscale Ethereum Trust (ETHE) facing significant losses but BlackRock’s ETHA gaining inflows.
Market Correction Impact:
Global cryptocurrency market capitalization declined by 3.3%, leading to a 4% drop in Bitcoin price and a 1.3% correction in Ethereum. Despite this, various BTC and ETH ETFs showed different momentum, reflecting the market’s volatility.
