Ethereum

Major

United

Bitcoin

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/spot-bitcoin-etfs-face-major-withdrawals" data-wpel-link="internal" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs Face Major Withdrawals</a><br></p>
<p style="text-align: justify">In a notable downturn, Spot <a href="https://en.bitcoinhaber.net/bitcoins-price-fluctuations-current-trends" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs in the United States reported a significant outflow of $18.66 million on Tuesday, putting an end to a brief two-day streak of positive inflows. This trend affected multiple funds, particularly Fidelity’s FBTC and Grayscale’s GBTC, while BlackRock’s IBIT stood out with a positive inflow on the same day.</p>
<h2 style="text-align: justify" id="what-caused-the-largest-withdrawals">What Caused the Largest Withdrawals?</h2>
<p style="text-align: justify">Fidelity’s FBTC experienced the most substantial outflow, losing $48.82 million. Grayscale’s GBTC was not far behind, recording an outflow of $9.41 million. Notably, Grayscale had not seen any transactions the previous day, making the sudden withdrawals especially significant. Overall trading volume for 12 spot Bitcoin ETFs rose from $1.22 billion to $1.35 billion.</p>
<h2 style="text-align: justify" id="did-ethereum-etfs-also-suffer-withdrawals">Did Ethereum ETFs Also Suffer Withdrawals?</h2>
<p style="text-align: justify">Yes, U.S. spot Ethereum ETFs faced challenges as well, reporting a net outflow of $8.19 million on Tuesday. The Bitwise ETHW fund led with an outflow of $4.54 million, followed by Fidelity’s FETH, which saw $3.65 million withdrawn. Other Ethereum ETFs remained stable, but the overall trading volume dropped from $118.43 million to $102.37 million.</p>
<ul style="text-align: justify">
 <li>Fidelity’s FBTC experienced the largest outflow of $48.82 million.</li>
 <li>Grayscale’s GBTC recorded a $9.41 million outflow.</li>
 <li>BlackRock’s IBIT was the only fund with a positive inflow, gaining $39.57 million.</li>
 <li>Ethereum ETFs collectively reported an outflow of $8.19 million.</li>
</ul>
<p style="text-align: justify">As trading continued through the week, Bitcoin’s price dipped slightly by 0.32%, settling at $62,372. Meanwhile, Ethereum saw a modest rise of 0.52% to reach $2,445, reflecting the mixed sentiment in the cryptocurrency market.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/spot-bitcoin-etfs-face-major-withdrawals" data-wpel-link="internal" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs Face Major Withdrawals</a></h5>

Spot Bitcoin ETFs Face Major Withdrawals

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