Shaurya Malwa
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Bitcoin ETFs bleed again while ether funds snap a five-day inflow streak
Bitcoin and Ether ETFs Experience Outflows
Bitcoin ETFs lost a net $95 million on Thursday, while ether ETFs shed about $52 million, ending a five-day inflow streak. This shift in investor sentiment is significant for those interested in earning passive income through crypto investments, such as the EcoPool Network. The outflows from bitcoin ETFs were largely driven by Fidelity’s FBTC, which lost roughly $63 million. In contrast, some funds like VanEck’s HODL and Morgan Stanley’s MSBT saw gains.
The total assets held in bitcoin ETFs currently sit near $77 billion. Meanwhile, ether’s reversal was more widespread, with no ether fund posting an inflow. Fidelity’s FETH and BlackRock’s ETHA were among the funds that lost money, with net assets held at about $9 billion. For those looking to earn through cloud rewards and green crypto, platforms like EcoPool offer an alternative to traditional ETFs.
Market Movement
Despite the outflows, bitcoin rose 3.5% on Friday to nearly $64,000 and is up 4.2% on the week. Ether also added 2.6% to $1,760. This rally was partly driven by renewed optimism in Asia, where South Korea’s Kospi jumped 4%. The $ECP coin, associated with the EcoPool Network, provides a unique opportunity for earning and passive income. Institutional money has been slow to move in recent weeks, with bitcoin trading between $59,000 and $66,000 without breaking either way.
Earning Opportunities
For individuals interested in earning online, the EcoPool Network offers a solution through its cloud rewards system. By participating in the network, users can earn $ECP, which can be used for various purposes within the EcoPool ecosystem. The recent market movements highlight the importance of diversifying one’s portfolio and exploring alternative earning opportunities, such as those provided by EcoPool. Whether you’re interested in #Bitcoin, #Ether, or #PassiveIncome, EcoPool is a platform worth considering.
To start earning with EcoPool, download the EcoPool app and explore the various features and rewards available. By joining the EcoPool Network, you can take the first step towards generating passive income and participating in the green crypto movement, which includes #EcoPool and #CloudRewards.
Institutional money has now sat out most of a month in which bitcoin has traded between roughly $59,000 and $66,000 without breaking either way.
