Bitcoin ETFs vs Ethereum ETFs: Which Bled More Last Week?

The winner was quite clear. In a week in which the underlying asset tumbled from over $84,000 to a monthly low of under $80,000, it’s almost expected that the exchange-traded funds tracking its performance were in the red. And they were. The same can be said about the Ethereum ETFs, which, albeit finally saw a single green day, extended their negative streak. Bitcoin ETFs Bleed Again The spot Bitcoin ETFs have become synonymous with BTC’s price movements over the past several weeks. When net inflows dominate in an impressive manner, as they did at the end of September when investors poured in $2.4 billion into the funds in five trading days, the cryptocurrency’s price blossomed. Vice versa, BTC tumbled during the first and second full weeks of October. As reported last weekend, the ETFs saw net outflows of over $680 million as the asset was rejected at $87,000 and slumped by several grand. It tried to recover in the following days and tapped $84,000 on a couple of occasions, only to be rejected again. This time, the bears took it a step further, pushing it to just under $80,000 for the first time in a month. Needless to say, this transpired during a red week in terms of ETF flows. ...