#altcoins

$ALT COIN PARADOX

ALTUSDT

دائم

0.00726

-5.22%

The altcoin paradox

While Bitcoin ETFs were getting most of the attention, the altcoin ETF market was telling a very different story about what big investors currently prefer.

Ethereum followed a pattern similar to Bitcoin, but showed less weakness. It started the week well on the 17th of February, with $48.6 million in new inflows, mainly driven by BlackRock’s ETHA fund.

However, this positive momentum did not last long. By the 19th of February, Ethereum [ETH] ETFs saw a huge outflow of $130.1 million. Out of this, nearly $97 million came from BlackRock alone.

The situation ended on the 20th of February, when ETH ETFs recorded zero net flows, meaning no new money came in and none left.