Matrixport: Funds flow out of Bitcoin ETF, Ether ETF leads strongly

According to a report by Golden Finance, the latest report from Matrixport shows that the crypto assets market is experiencing a fund rotation from Bitcoin ETF to Ethereum ETF. Over the past six weeks, Ethereum products have continuously dominated the flow of funds, while the Bitcoin ETF has entered a phase of weakness, with net outflows occurring for six consecutive days last week. At the same time, the Ethereum ETF continues to experience net inflows, further solidifying its market leadership. The report points out that Ethereum treasury-type institutions and their renowned investors are continuously attracting new capital and media attention, injecting new momentum into the market. It is worth noting that despite Federal Reserve Chairman Powell releasing dovish signals last week, the Bitcoin trend remains flat, with the impact of capital rotation being significant. In addition to crypto market participants, some Wall Street investors are also beginning to show a higher level of interest in Ethereum.