CoinShares head of research: Investors are selling bitcoin in favor of buying Ethereum
2024-08-07 08:02:26
Coinshares research director jamesbutterfill platform post said this week bitcoindesk3cryptocurrencydesktopCrypto News
James Butterfill, head of research at CoinShares, said in a post on the X platform that Bitcoin funds had a net outflow of $165 million this week and a monthly net outflow of $544 million, while Ethereum had a net inflow of $175.50 million this week and a monthly net inflow of $170.60 million. The first two days of trading after the market decline showed that investors were selling Bitcoin and buying Ethereum instead. Overall, this week's inflows were $8 million, and the monthly net outflow was $377 million.
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