The cryptocurrency market is witnessing divergent trends in exchange-traded fund (ETF) flows as investors position themselves ahead of Federal Reserve ChairJerome Powell's anticipated speech at Jackson Hole.
What Happened: Bitcoin spot ETFs are riding a wave of positive sentiment, marking their sixth consecutive day of net inflows, while Ethereum-based products face persistent outflows, according to data from SoSo Value.
Bitcoin(CRYPTO: BTC) spot ETFs on Aug. 22 recorded a total net inflow of $64.9072 million, continuing a streak of positive investor interest.
This influx brings the total net asset value of Bitcoin spot ETFs to an impressive $55.131 billion.
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