Ethereum

Shift

Bitcoin

U.S. spot bitcoin exchange-traded funds (ETFs) showed divergent investor sentiment on Tuesday, marking a shift from previous days. <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">Data</a> from SoSoValue revealed that these investment vehicles collectively recorded $18.66 million in net outflows, <a href="https://thecoinrise.com/bitcoin-etfs-continue-to-draw-inflows-recording-235-million-in-net-gains/" rel="noopener noreferrer nofollow">halting a recent streak of positive flows</a>.
<h2 id="span-style-font-weight-400-outflows-dominated-by-fbtc-and-gbtc-span">Outflows Dominated by FBTC and GBTC</h2>
Leading the outflows was Fidelity’s FBTC, which saw $48.82 million exiting the fund, reflecting significant investor withdrawals. Grayscale’s GBTC, despite being the second largest by net assets, also experienced notable outflows amounting to $9.41 million after a day of zero flows.
Amidst the outflow trend, BlackRock’s IBIT emerged as an exception with $39.57 million in inflows, signaling continued investor confidence in this particular ETF. Conversely, the remaining nine ETFs reported zero net flows for the day.
The total trading volume for all 12 bitcoin ETFs surged to $1.35 billion on Tuesday, up from $1.22 billion the previous day. Since their inception, these ETFs have amassed a cumulative $18.72 billion in net inflows, underscoring sustained investor interest despite recent fluctuations.
<h2 id="span-style-font-weight-400-ethereum-etfs-face-outflows-span">Ethereum ETFs Face Outflows</h2>
In contrast to bitcoin, spot Ethereum ETFs in the U.S. <a href="https://sosovalue.xyz/assets/etf/us-eth-spot" rel="noopener noreferrer nofollow">saw</a> $8.19 million in net outflows on Tuesday, following a day of zero flows. Bitwise’s ETHW led the outflows with $4.54 million leaving the fund, while Fidelity’s FETH recorded outflows of $3.65 million. The remaining seven ether ETFs reported no flows for the day.
The total <a href="https://thecoinrise.com/spot-ethereum-etfs-reboundblackrock-crosses-1-billion-milestone-as-eth-price-recovers/" rel="noopener noreferrer nofollow">trading volume for these nine Ethereum ETFs</a> declined to $102.37 million on Tuesday, down from $118.43 million the previous day, reflecting reduced trading activity amidst outflow trends.
<h2 id="span-style-font-weight-400-crypto-market-performance-span">Crypto Market Performance</h2>
As per data by CoinMarketCap, the global crypto market cap is $2.18 trillion, a 0.61% increase over the last day.
Bitcoin slightly dipped by 0.32% over the past 24 hours to trade at $62,372, showing marginal stability amid recent market movements. Over the week, Bitcoin has <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">posted</a> a modest gain of around 1.5%. Meanwhile, Ethereum saw a 0.52% increase, trading at $2,445, showcasing resilience in its price action despite outflows from ETFs.
The post <a href="https://thecoinrise.com/bitcoin-etfs-witness-outflows-as-market-dynamics-shift/" rel="noopener noreferrer nofollow">Bitcoin ETFs Witness Outflows as Market Dynamics Shift</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Bitcoin ETFs Witness Outflows as Market Dynamics Shift

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