"Bitcoin ETFs recorded net outflows of $89.68 million, marking a second consecutive day of declines. The move was driven largely by Blackrock's IBIT, which posted a sharp $112.25 million exit."
"Ether ETFs mirrored the subdued mood, posting net outflows of $21.80 million, spread across three funds. Blackrock's ETHA led the declines with $13.17 million in exits."
"Despite the outflows, trading activity held steady, with total value exchanged across bitcoin ETFs reaching $1.35 billion, suggesting that while flows have turned cautious, participation has not faded."
Bitcoin ETFs experienced outflows of $89.68 million on April 28, primarily due to Blackrock IBIT's $112.25 million exit. Ether ETFs also faced losses of $21.80 million, signaling a decline in institutional interest. Despite these outflows, XRP ETFs gained $2.20 million, suggesting some opportunistic positioning. Overall, trading activity remained steady with total value exchanged across bitcoin ETFs at $1.35 billion, while net assets in the segment reached $100.39 billion, indicating cautious participation in the market.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]