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Blackrock Pulls $122M Into Bitcoin ETFs as Ether Loses $202M
Published Source: Bitcoin.com NewsRead original
Crypto Insight Summary: U.S. bitcoin ETFs returned to positive territory Tuesday with $118.86 million in net inflows, led almost entirely by Blackrock’s IBIT. Ether funds suffered a sixth consecutive day of withdrawals, while XRP and HYPE attracted modest buying. Bitcoin ETFs Flip Positive With $119M Inflow Institutional positioning split sharply across the crypto exchange-traded fund (ETF) market Tuesday. […] Crypto Insight Analysis: Direction: Bullish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Blackrock inflows signal institutional interest in BTC, while ETH outflows indicate short-term bearish sentiment.