CoinShares Research Director: Investors are selling Bitcoin and buying Ethereum

Odaily News James Butterfill, head of research at CoinShares, posted on the X platform that Bitcoin had a net outflow of $165 million this week and a monthly net outflow of $544 million, while Ethereum had a net inflow of $175.5 million this week and a monthly net inflow of $170.6 million. The first two days of trading after the market fell showed that investors were selling Bitcoin and buying Ethereum instead. Overall, there was an inflow of $8 million this week and a monthly net outflow of $377 million.