Crypto ETFs See Sudden Cash Surge: What's Next?

Crypto investors have been on a rollercoaster ride lately. After pulling out cash from Bitcoin and Ethereum ETFs for days, they suddenly poured in $618. 9 million on Tuesday. But don't get too excited. This cash influx didn't give the prices of these cryptocurrencies a lasting boost. Last week, investors put in $477 million into Bitcoin ETFs and $142 million into Ethereum ETFs. But then, over $1. 4 billion flowed out as crypto prices dropped. Bitcoin and Ethereum both fell by 6%. This week, the trend reversed, but experts are still unsure about what's next. The future of crypto prices is uncertain. There are many factors at play, like trade wars, inflation, and economic worries. James Butterfill, a crypto expert, said it's too early to tell if this is the bottom of the market. He pointed out that gold, often seen as a safe investment, also dropped in value recently. Bitcoin's price is now around $108, 200, down nearly 3% from yesterday. It hit a high of $126, 080 earlier this month before dropping. Ethereum is at nearly $3, 821, down 5% from Tuesday. It dropped as low as $3, 709 last week. ETFs allow traditional investors to buy crypto easily. Sumit Roy, an ETF analyst, said traders might not be done selling. He thinks prices could keep falling or rally, depending on how things play out.