**Bitcoin Sees Surge in ETF Inflows While Ethereum Suffers Outflows**
On Friday, August 16th, the cryptocurrency market witnessed significant movements within exchange-traded funds (ETFs). Spot Bitcoin ETFs experienced a robust net influx, attracting a total of $35.9 million. In contrast, Spot Ethereum ETFs saw investors pulling out, recording a net outflow of $15 million.
These contrasting movements underscore the fluctuating investor sentiment and shifting dynamics within the crypto market. As Bitcoin continues to draw substantial interest, Ethereum faces a challenging period with notable withdrawals. The data reflects the evolving landscape of cryptocurrency investments and the varying confidence levels in these leading digital assets.
*Coin: $BTC $ETH*
Source: https://en.coinotag.com/breakingnews/net-inflows-of-35-9-million-for-spot-bitcoin-etfs-and-net-outflows-of-15-million-for-spot-ethereum-etfs-on-august-16/