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Today I noticed something interesting about ETF flows. Bitcoin funds suddenly saw $291 million exit after gains over the past two days. Fidelity's FBTC alone withdrew $229 million - most of the outflows happened here. The total net assets of Bitcoin funds have now fallen to $94.51 billion.
On the other hand, what Ethereum funds are doing is a different story. They are recording inflows every third day - not just $9.44 million, but a total of $159 million has been added over the last three sessions. The total net flow of Ethereum ETFs has now reached $11.68 billion. It seems investors are becoming a bit cautious about investing in Bitcoin funds.