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News Explorer — Bitcoin ETFs Grew $130 Million Last Week, But Ethereum-Centric Funds Shrank $14 Million

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May 13, 7:08 pm
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Bitcoin ETFs Grew $130 Million Last Week, But Ethereum-Centric Funds Shrank $14 Million

Bitcoin exchange-traded funds (ETFs) have seen a reversal in outflows, with $130 million entering the funds last week, according to a report from CoinShares. Most of the movement was seen in American funds, particularly the new spot ETFs that provide exposure to Bitcoin for traditional stock investors. However, European investors pulled $14 million out of Ethereum-related funds due to bearish sentiment surrounding the approval of an Ethereum ETF.

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