Ethereum

Flow

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-withdraw-funds-from-bitcoin-etfs/" data-wpel-link="internal">Investors Withdraw Funds from Bitcoin ETFs</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> markets continue to fluctuate, with $81.36 million withdrawn from U.S.-traded spot Bitcoin ETFs on Wednesday. This ended a two-day positive flow streak. On the same day, spot <a href="https://en.coin-turk.com/ethereum-etf-race-begins-potential-impact-on-eth-price-and-adoption/" data-wpel-link="internal">Ethereum</a> ETFs saw an inflow of $10.77 million, maintaining a three-day positive flow streak.</p> 
<h2 style="text-align: justify" id="stagnation-in-bitcoin-etfs-significant-withdrawals-from-various-funds">Stagnation in Bitcoin ETFs! Significant Withdrawals from Various Funds</h2> 
<p style="text-align: justify">U.S. spot Bitcoin ETFs, particularly <strong>Grayscale</strong>‘s GBTC, Fidelity’s FBTC, and Ark-21Shares’ ARKB, saw notable withdrawals. Grayscale’s GBTC fund reported the largest net outflow of $56.87 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-380053 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/spot-btc-etf.png" alt="" width="1638" height="809"></p> 
<p style="text-align: justify">Fidelity’s FBTC fund followed with an $18.05 million outflow, indicating a significant selling wave in the markets. Meanwhile, BlackRock’s IBIT and Franklin’s EZBC resisted this trend, recording net inflows of $2.68 million and $3.42 million, respectively. However, the other six spot Bitcoin ETFs recorded no flows throughout the day.</p> 
<h2 style="text-align: justify" id="ethereum-etfs-maintain-positive-flow-for-three-days">Ethereum ETFs Maintain Positive Flow for Three Days</h2> 
<p style="text-align: justify">Despite the significant outflows in spot Bitcoin ETFs, <strong>Ethereum</strong> ETFs showed an opposite trend on the same day. Spot Ethereum ETFs continued their three-day positive flow streak with a net inflow of $10.77 million on Wednesday. However, Grayscale Ethereum Trust (ETHE) stood out with a $16.95 million outflow, being the only fund in this category to record a negative flow.</p> 
<p style="text-align: justify">On the other hand, BlackRock’s ETHA fund had the largest net inflow of $16.13 million, while Fidelity’s FETH and Bitwise’s ETHW recorded net inflows of $6.65 million and $2.67 million, respectively.</p> 
<h2 style="text-align: justify" id="trading-volumes-decrease">Trading Volumes Decrease</h2> 
<p style="text-align: justify">The fluctuations in Bitcoin ETFs also reflected in trading volumes. On Wednesday, the total daily trading volume of all spot Bitcoin ETFs was recorded at $1.3 billion. Although this was a slight increase from the previous day’s $1.18 billion, it indicates increased volatility. Similarly, Ethereum ETF trading volumes decreased; Wednesday’s trading volume was $155.91 million, down from Monday’s $285.96 million.</p> 
<p style="text-align: justify">The <strong>price</strong> of Bitcoin and Ethereum also experienced significant declines during this period. Bitcoin traded at $58,323, down 4.33% in the last 24 hours, while Ethereum fell 3.19% to $2,642. This indicates that <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> in the <strong>cryptocurrency</strong> markets are leaning towards uncertainty and risk aversion.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-withdraw-funds-from-bitcoin-etfs/" data-wpel-link="internal">Investors Withdraw Funds from Bitcoin ETFs</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-withdraw-funds-from-bitcoin-etfs/" data-wpel-link="internal">Investors Withdraw Funds from Bitcoin ETFs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Withdraw Funds from Bitcoin ETFs

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