On July 24, 2024, Ethereum ETFs witnessed a significant net outflow totaling -$133.3 million. In contrast, the same day marked a positive turn for Bitcoin ETFs, which saw a net inflow of +$44.50 million. This substantial shift in investments highlights the differing market sentiments and evolving investor preferences between these two predominant cryptocurrencies. While Ethereum faces challenges, Bitcoin appears to be gaining favor among investors, reflecting a dynamic landscape within the crypto investment sphere.
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