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CoinShares Head of Research: Investors Are Selling Bitcoin in Favor of Ether

CoinShares Head of Research: Investors Are Selling Bitcoin in Favor of Ether

Bitget2024/08/07 08:16

James Butterfill, head of research at CoinShares, said in a post 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 following the market's decline show that investors are selling bitcoin and buying ethereum instead. Overall, inflows for the week were $8 million, with a net monthly outflow of $377 million.

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