BlackRock Bitcoin ETF saw net redemptions of $60 million this week, while clients made net purchases of $20 million worth of ETH.
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According to Arkham, BlackRock's spot Bitcoin ETF, IBIT, saw a net redemption of approximately $60 million this week, while its clients made net purchases of over $20 million in ETH during the same period. Arkham pointed out that the fund flows indicate some institutional investors are increasing their allocation to Ethereum while reducing their Bitcoin exposure. Currently, the scale of this change remains a minor adjustment relative to the total assets under management of IBIT.
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