Bitcoin News Today TheBitTimes.com

Ethereum is approximately one-third the size of Bitcoin, and the debut of its spot ETFs was slightly less than commensurate by size. However, ether has outperformed bitcoin when we look at the absolute value of its net flows on the day of its ETFs debut. Ether posted a positive $107 million versus bitcoin’s decidedly negative -$1.5 billion. First-day trading volume of Blackrock’s spot ether ETF totaled approximately one-quarter the volume of first-day trading volume of Blackrock’s spot bitcoin ETF. Combined, trading volume for all nine spot ether ETFs totaled $1.112 billion yesterday — slightly under one-quarter the volume of all spot bitcoin ETFs on their debut day. At the close of after-hours trading on US markets, net flow data was unavailable for two spot ether ETFs: Blackrock (ETHA) and Invesco/Galaxy (QETH). Excluding those two funds with unavailable data, most reporters went to bed reporting that money probably flowed out of spot ether ETFs. Net flows ex-ETHA/QETH tot...

The Bitcoin market has witnessed significant shifts recently, influenced by macroeconomic factors and changing investor sentiments. Last week, digital asset investment products saw substantial out flows , which CoinShares attributed to several key economic updates. These included the release of US CPI data, the Federal Open Market Committee (FOMC) meeting, and Producer Price Index (PPI) figures. These events seemed to spark a rapid surge in Bitcoin price, pushing it briefly towards the $70,000 mark before a swift downturn adjusted the valuation back to around $65,000. Related Reading Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess 7 hours ago Market Shifts: BTC Faces Major Out flows While Some Altcoins Attract Investment So far, this fluctuation in Bitcoin’s price is part of a broader pattern of volat...