Matrixport: Funds flow out of Bitcoin ETF, Ethereum ETF leads strongly
According to online reports, according to Matrixport's latest report, the cryptocurrency market is undergoing a capital rotation from Bitcoin ETF to Ethereum ETF. In the past six weeks, Ethereum products have continued to dominate the flow of funds, while Bitcoin ETFs have fallen into a period of weakness, with net outflows for six consecutive days last week. At the same time, Ethereum ETF continued its net inflow trend and further consolidated its market leading position. The report pointed out that Ethereum treasury-type institutions and the well-known investors behind them continue to attract new capital and media attention, injecting new momentum into the market. It is worth noting that despite Federal Reserve Chairman Powell's dovish signal last week, Bitcoin's trend remains flat, and the impact of fund rotation is more significant. In addition to crypto market participants, some Wall Street investors have also begun to pay more attention to Ethereum.
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