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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/spot-bitcoin-etfs-experience-significant-losses-while-ethereum-etfs-gain-interest/" data-wpel-link="internal">Spot Bitcoin ETFs Experience Significant Losses While Ethereum ETFs Gain Interest</a> 
On October 2, spot Bitcoin ETFs in the United States faced considerable losses, particularly affecting major funds such as those from BlackRock, Ark Invest, and Grayscale. Notably, Fidelity’s fund attracted investments during this period, contrasting the overall trend in the Bitcoin ETF market. Additionally, spot Ethereum ETFs continued to capture investor interest. 
<h2 style="text-align: justify" id="strong-spot-bitcoin-etfs-suffer-major-losses-strong">Spot Bitcoin ETFs Suffer Major Losses</h2> 
U.S.-based spot Bitcoin ETFs closed the previous day with losses amounting to $91.7 million. The majority of these losses stemmed from three major fund companies. The most significant withdrawal was noted from Ark Invest’s ETF, which saw an outflow of $60 million. Grayscale’s fund followed with a $27 million outflow, while BlackRock’s ETF closed the trading day with a $13 million withdrawal. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-393984" src="https://coin-turk.com/wp-content/uploads/2024/10/Spot-Bitcoin-ETF-2-scaled.jpg" alt="" width="2560" height="1069"> 
In contrast, Fidelity’s ETF managed to attract $21 million in investments, demonstrating that some funds still garnered interest despite the general negativity surrounding spot Bitcoin ETFs. 
<h2 style="text-align: justify" id="strong-increased-interest-in-spot-ethereum-etfs-strong">Increased Interest in Spot Ethereum ETFs</h2> 
Despite the outflows in spot Bitcoin ETFs, spot Ethereum ETFs continued to attract investor attention. Recent data indicated an inflow of $14 million into spot Ethereum ETFs, with BlackRock’s fund leading the charge, receiving $18 million. 
These developments in the ETF sector reflect ongoing interest in various asset classes within the <a href="https://en.coin-turk.com/investment-firms-reduce-funds-amid-market-uncertainty/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/stacks-asia-foundation-drives-bitcoin-layer-2-expansion/" data-wpel-link="internal">cryptocurrency</a> market and suggest a growing confidence among investors in Ethereum. The demand for spot Ethereum ETFs may indicate an inclination among investors to diversify their portfolios, even amid the outflows from spot Bitcoin ETFs. 
As overall volatility in the cryptocurrency market persists due to rising geopolitical tensions, the trends within U.S. spot cryptocurrency ETFs present a complex picture for investors. These trends should be closely monitored, as they continue to play a significant role in shaping the future of the cryptocurrency market. 
The post <a href="https://en.coin-turk.com/spot-bitcoin-etfs-experience-significant-losses-while-ethereum-etfs-gain-interest/" data-wpel-link="internal">Spot Bitcoin ETFs Experience Significant Losses While Ethereum ETFs Gain Interest</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Spot Bitcoin ETFs Experience Significant Losses While Ethereum ETFs Gain Interest

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