U.S. spot Bitcoin ETFs experienced net outflows of $225 million on July 23, contrasting with Ethereum ETF inflows of $26.32 million.
U.S. spot Bitcoin exchange-traded funds reported net outflows of $225 million on July 23, marking a shift in investor sentiment. In contrast, spot Ethereum ETFs attracted $26.32 million in net inflows on the same day.
Morgan Stanley’s Bitcoin fund led inflows among Bitcoin ETFs with $5.01 million, while Fidelity’s Ethereum fund topped the category with $14.93 million. The divergence highlights varying investor interest in the two largest cryptocurrencies by market capitalization.
The outflows from Bitcoin ETFs follow a period of volatility in crypto markets, while Ethereum’s recent fund launches may have driven its inflows.