Ethereum

Major

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/etfs-for-bitcoin-and-ethereum-suffer-major-withdrawals" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETFs for Bitcoin and Ethereum Suffer Major Withdrawals</a><br></p>
<p style="text-align: justify">Recent reports highlight a concerning trend in the U.S. regarding spot <a href="https://en.bitcoinhaber.net/bitcoin-breaks-through-with-wall-streets-opening-bell" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum exchange-traded funds (ETFs), which have faced significant net outflows. On Thursday alone, net withdrawals amounted to $54.13 million for Bitcoin ETFs, contributing to a staggering total of over $388 million over the past three days. The ARKB fund from Ark Invest and 21Shares led the outflow with $57.97 million, while Fidelity’s FBTC fund experienced a $37.21 million withdrawal.</p>
<h2 style="text-align: justify" id="what-is-the-status-of-spot-bitcoin-etfs">What is the status of Spot Bitcoin ETFs?</h2>
<p style="text-align: justify">On the same day, the trading volume for spot Bitcoin ETFs dropped notably, recorded at $1.13 billion compared to $1.66 billion the previous day. BlackRock’s IBIT fund stood out with a net inflow of $35.96 million, alongside Bitwise’s BITB and Invesco’s BTCO funds, which saw minor inflows as well.</p>
<h2 style="text-align: justify" id="are-spot-ethereum-etfs-facing-similar-challenges">Are Spot Ethereum ETFs facing similar challenges?</h2>
<p style="text-align: justify">Yes, spot Ethereum ETFs are also grappling with outflows. On Thursday, these ETFs saw a net withdrawal of $3.2 million, primarily driven by Grayscale’s ETHE fund with a notable $14.69 million outflow. However, BlackRock’s ETHA fund managed to mitigate some losses by recording a net inflow of $12.08 million.</p>
<ul>
 <li>Spot Bitcoin ETFs experienced over $388 million in outflows in three days.</li>
 <li>BlackRock’s IBIT fund was the only one to show a significant inflow.</li>
 <li>Spot Ethereum ETFs also faced substantial withdrawals, totaling $561.05 million since July.</li>
 <li>Market volatility continues to affect investor confidence.</li>
</ul>
<p style="text-align: justify">The notable withdrawals from both Bitcoin and Ethereum ETFs underscore ongoing investor uncertainty amid fluctuating market conditions. Despite some funds managing to attract new investments, the overall trend illustrates a cautious approach by investors in the current economic climate.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/etfs-for-bitcoin-and-ethereum-suffer-major-withdrawals" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETFs for Bitcoin and Ethereum Suffer Major Withdrawals</a></h5>

ETFs for Bitcoin and Ethereum Suffer Major Withdrawals

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