Bitcoin and Ethereum exchange-traded funds witness substantial inflows

For several months, we have observed a trend where IBIT and FBTC inflows have been attempting to offset the outflows from GBTC. However, this pattern is now undergoing a shift. Over a period of time, GBTC has started to witness substantial inflows rather than net outflows. This development is a positive boost for the market, especially considering that ETFs, which were introduced as competitors to GBTC, have not experienced net outflows in the long term for many years. In our previous discussion, we explored the reasons behind GBTC’s anticipated net outflows for several months, as well as the continuous inflows initially seen by other ETFs. Stay updated on the latest technology news by visiting NEWSLINKER.