Bitcoin & Ethereum ETFs See Major Outflows—BlackRock Stands Firm 📉
April 3 marked a challenging period for cryptocurrency ETFs as Ethereum ETFs experienced $3.59 million in outflows for the third consecutive day. Bitcoin ETFs faced an even more substantial hit, with $99.86 million in outflows, indicating growing investor caution about the crypto market.
Despite this negative trend, BlackRock's IBIT fund was the exception as the only one to record net inflows, demonstrating its stability and investor confidence during turbulent times. The contrasting performance highlights differing investor sentiment towards various ETFs in the cryptocurrency space.
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