Bitcoin

Ethereum

<p>The US ETF market witnessed another outflow round on September 4th as both the <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum</a> ETFs recorded negative flows. As per the data that the on-chain analytics firm Spot On Chain provided, a cumulative $37M left the $BTC ETFs while the $ETH ETFs witnessed $38M in outflows, denoting an increased caution among the crypto investors. The crypto analytics firm disclosed the details of these ETFs on its official social media account.</p><h2 id="header-0">Bitcoin ETFs See Further Outflows of $37M, with GBTC Accounting for a Staggering $34.2M</h2><p>Spot On Chain noted that Bitcoin exchange-traded funds have now seen negative flows for 6 trading days consecutively. This reportedly signifies a continuous trend of capital outflowing from the market. Grayscale’s Bitcoin ETF (GBTC) again dominated the $BTC ETF outflows with $34.2M. Subsequently, <a href="https://www.vaneck.com/us/en/investments/bitcoin-etf-hodl/" rel="noopener noreferrer nofollow">VanEck (HODL) </a>and Fidelity saw $4.9M and $7.6M in outflows respectively. On the other hand, Bitwise turned out to be the only $BTC ETF recording inflows by adding $9.5M.</p><p>Overall, this prolonged time of outflows highlights the current uncertainty regarding the price performance of Bitcoin. Additionally, the investors are potentially responding to a recent spike in volatility along with other factors like regulatory uncertainty and inflation. $37M in net outflow from $BTC ETFs denotes a bearish investment sentiment.</p><h2 id="header-1">Continued Outflows of $38M from Ethereum ETFs Indicate a Downturn in Investor Confidence</h2><p>Ethereum ETFs went through an analogous downturn, with a cumulative $38M leaving the market on September 3rd. The $ETH ETFs have been seeing a substantially negative net flow for a recent couple of trading days. This points toward a wider trend of capital exiting the Ethereum-focused funds. Grayscale’s Ethereum ETF (ETHE) emerged as the single Ethereum ETF with a net outflow.</p><p>Its net outflow of $40.6M outweighed the $3.1M inflow of Grayscale Mini (ETH). The rest of the 7 $ETH ETFs witnessed no flows at all. The outflow pattern, especially in the case of <a href="https://www.grayscale.com/" rel="noopener noreferrer nofollow">Grayscale</a>, has ignited several apprehensions among investors who keenly observe the price movements of Ethereum. The wider crypto sphere has gone through a massive influence from the regulatory developments.</p><p>Moreover, the transition of Ethereum to the <a href="https://blockchainreporter.net/glossary/proof-of-stake-pos/" rel="noopener noreferrer nofollow">proof-of-stake</a> consensus mechanism has also taken huge attention in the ongoing discussions. As Spot On Chain implies, while the crypto sector keeps on facing a challenging macroeconomic scenario, both Ethereum and Bitcoin ETFs are expressing great caution, with enormous outflows minimizing investor confidence.</p>

US Bitcoin and Ethereum ETFs Face Continued Outflows on September 4

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