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TechFlow news — James Butterfill, Head of Research at CoinShares, tweeted that trading data from the first two days following the market downturn shows investors are avoiding Bitcoin and shifting into Ethereum.
Bitcoin saw a net outflow of $165 million this week and $544 million on a monthly basis, while Ethereum recorded a weekly net inflow of $175.5 million and a monthly net inflow of $170.6 million.
James Butterfill, Head of Research at CoinShares, posted a tweet stating that trading activity in the first two days following the market downturn shows investors are avoiding Bitcoin and shifting toward Ethereum. This week saw a net outflow of $165 million from Bitcoin, with monthly net outflows reaching $544 million, while Ethereum recorded a weekly net inflow of $175.5 million and a monthly net inflow of $170.6 million.
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