Ethereum

Millions

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-pull-out-millions-from-u-s-spot-bitcoin-and-ethereum-etfs/" data-wpel-link="internal">Investors Pull Out Millions from U.S. Spot Bitcoin and Ethereum ETFs</a><br></p>
<p style="text-align: justify">Spot Bitcoin exchange-traded funds (ETFs) in the U.S. experienced a significant net outflow of $43.97 million on Wednesday, marking the end of a two-day positive inflow streak. These net outflows are attributed to investor reactions to recent U.S. economic data, reflecting ongoing volatility in the <a href="https://en.coin-turk.com/what-experts-think-about-the-bitcoin-rally/" data-wpel-link="internal">crypto</a> ETF market. </p> 
<h2 id="major-outflows-in-spot-bitcoin-etfs">Major Outflows in Spot Bitcoin ETFs</h2> 
<p style="text-align: justify">According to data from SoSoValue, the ARKB fund by Ark Invest and 21Shares saw the largest outflow among ETFs, with a net withdrawal of $54.03 million. Grayscale’s GBTC also experienced significant outflows, with investors pulling out a net $4.59 million, while the Grayscale Bitcoin Mini Trust saw a net outflow of approximately $511,230. However, Fidelity’s FBTC led with a net inflow of $12.57 million during the day, followed by Invesco’s BTCO with a $2.59 million net inflow. Meanwhile, seven other funds, including BlackRock’s IBIT, reported neither inflows nor outflows, with IBIT not seeing a net inflow since August 26, indicating a broader trend of cautious investor sentiment. </p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-388263" src="https://coin-turk.com/wp-content/uploads/2024/09/spot-bitcoin-etfler.png" alt="" width="3140" height="1236"></p> 
<p style="text-align: justify">On Tuesday, 12 spot Bitcoin ETFs recorded a total trading volume of $1.27 billion, a significant increase from $712.25 million the previous day. Despite these outflows, Bitcoin funds have accumulated a total net inflow of $17 billion since their launch in January, underscoring sustained interest in digital assets despite short-term fluctuations. </p> 
<h2 id="spot-ethereum-etfs-also-facing-outflows">Spot Ethereum ETFs Also Facing Outflows</h2> 
<p style="text-align: justify">Spot Ethereum ETFs also experienced outflows, with U.S. spot Ethereum ETFs recording a net outflow of approximately $542,870. Seven out of nine funds reported neither inflows nor outflows. VanEck’s ETHV witnessed a net outflow of $171,000, while Fidelity’s FETH was the only fund in the category to see positive activity, with a net inflow of $1.17 million. </p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-388264" src="https://coin-turk.com/wp-content/uploads/2024/09/spot-ethereum-etf.png" alt="" width="3134" height="1044"></p> 
<p style="text-align: justify">The total trading volume for spot Ethereum ETFs rose from $102.87 million on Tuesday to $126.22 million on Wednesday. However, cumulative net outflows for Ethereum-based ETFs amounted to $562.06 million, reflecting a challenging environment for these funds. </p> 
<p>The post <a href="https://en.coin-turk.com/investors-pull-out-millions-from-u-s-spot-bitcoin-and-ethereum-etfs/" data-wpel-link="internal">Investors Pull Out Millions from U.S. Spot Bitcoin and Ethereum ETFs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Pull Out Millions from U.S. Spot Bitcoin and Ethereum ETFs

Table of Contents

COINTURK NEWS

Other articles published on Sep 12, 2024

Top 5 Meme Coins To Invest In Today for Explosive 10X Potential – $NEIRO, $T1500, $PEPU, $BRETT, ...

Analyst Forecasts Bitcoin Price Surge

UK Introduces Landmark Bill to Recognize Digital Assets as Personal Property

Metaplanet Inc. Teams Up with SBI Group for Bitcoin Trading and Custody in Japan

Solana Memecoin Trump Loves Tesla (TRUMPTES) to Rally 14,000% Ahead of Exchange Listing, While Do...

Short-Term Bitcoin Holders Threaten Market Stability

Join our free newsletter for daily crypto updates!