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Bitcoin ETFs recorded their first net outflows in nearly two weeks, led by ARK Invest’s ARKB with $77.46 million in redemptions. Analysts view this as strategic profit-taking rather than a shift in market sentiment. Meanwhile, Ethereum ETFs continued their strong inflow streak.
- ARK Invest’s ARKB Bitcoin ETF saw the highest outflows at $77.46 million, signaling strategic profit-taking.
- Ethereum ETFs extended their inflow streak to 12 days, with $296.59 million added on Monday.
- BlackRock’s IBIT, the largest Bitcoin ETF, remained flat with no activity, while smaller ETFs like BITB and HODL saw minor outflows.
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Other Tags: gbtc, Ark Invest, Fidelity FBTC, Grayscale GBTC, ARKB, BITB, Bitwise, FBTC, HODL, IBIT, VANECK, Cointelegraph, Ethereum ETF