BlackRock Bitcoin ETF net redemption of $60 million this week, customers net purchase of $20 million ETH

According to Arkham, BlackRock's Bitcoin spot ETF IBIT saw a net redemption of approximately $60 million this week, with its clients net buying over $20 million in ETH during the same period. Arkham pointed out that the flow of funds shows that some institutional investors are increasing their allocation of Ethereum while reducing their exposure to Bitcoin, and the current scale is still relatively small compared to the overall managed assets of IBIT.