Bitcoin

Ethereum

<p>The US crypto ETF sector experienced significant outflows on August 27. Spot On Chain, a prominent on-chain analytics provider, revealed that the <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs witnessed $127M in outflows while $3.4M left the <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum</a> ETFs on the same day. The on-chain analytics platform took to its official X account to offer insights into the present market scenario surrounding ETFs.</p><h2 id="header-0">US Bitcoin and Ethereum ETFs Witness Massive Outflows of $127M and $3.4M Respectively</h2><p>In its exclusive X post, Spot On Chain shared the list of the flows in the ETFs. In line with the data, the Bitcoin ETFs have experienced a massive decline with no inflows at all. In this respect, a cumulative $127M amount has left the Bitcoin ETF sector. A significant contributor to this downturn was ARK 21Shares ($ARKB) with a staggering $102M amount in outflows. Following that, <a href="https://grayscale.com/" rel="noopener noreferrer nofollow">Grayscale ($GBTC)</a> saw an outflow of nearly $18.3M.</p><p>Additionally, Bitwise ($BITB) witnessed $6.8M in net outflows. These outflows have signified the end of an 8-day inflow streak of Bitcoin ETFs. On the other hand, Ethereum ETFs witnessed a significantly lesser amount of outflows in comparison with Bitcoin. Fidelity ($FETH) and Bitwise ($ETHW) reportedly recorded 3.9M and $1.9M in inflows. However, the $9.2M in the outflow of Grayscale ($ETHE) resulted in an overall $3.4M in net outflows from ETH ETFs.</p><p>These flows mark the 9th consecutive day in terms of ETH ETF outflows. As a result of the respective enormous outflows the prices of these assets have also experienced a substantial downturn. Ethereum has reportedly seen a nine percent price dip following a selling spree. This took place following the consistent outflows from the Ethereum ETFs.</p><h2 id="header-1">The Staggering ETF Outflows Lead to Price Downturn and Increased Selling Pressure</h2><p>These outflows from Ethereum and Bitcoin ETFs point toward a likely shift in the sentiment of the crypto investors. Although the long-term outlook for ETH and BTC stays strong, the current short-term movements indicate a relatively increased caution among investors. Hence, an increase has occurred in the selling pressure on both the Bitcoin and ETH investors and may lead to a further downturn.</p>

US Bitcoin and Ethereum ETFs Suffer $130M in Combined Outflows

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