Bitcoin Spot ETFs Record $381M Inflow, Highest Since Jan 30, as BTC Reclaims $88K; Ethereum ETFs See $25.42M Outflow

On April 21, Bitcoin spot ETFs in the U.S. experienced a significant surge in investor interest, recording a net inflow of $381 million, marking the highest daily gain since January 30. This influx of capital into Bitcoin ETFs contrasts sharply with the performance of Ethereum spot ETFs, which saw a net outflow of $25.42 million on the same day, with none of the nine ETFs registering net inflows. The net inflow into Bitcoin ETFs translated to the purchase of approximately 4,480 BTC, while Ethereum ETFs saw the sale of about 16,010 ETH. This data underscores a continued trend of net outflows for Ethereum ETFs, marking eight consecutive weeks of such activity, with the latest week seeing a net outflow of $32.17 million. Notably, none of the twelve Bitcoin ETFs saw net outflows on April 21, and Bitcoin’s price reclaimed $88,000. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant