Ethereum

Bitcoin

mini

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/spot-bitcoin-etfs-face-significant-outflows" data-wpel-link="internal" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs Face Significant Outflows</a><br></p>
<p style="text-align: justify">On October 10, a notable withdrawal of $120.76 million was recorded from spot <a href="https://en.bitcoinhaber.net/bitcoin-etf-decision-a-glimmer-of-hope-amid-regulatory-uncertainty" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs), sparking renewed scrutiny within the cryptocurrency market. The absence of inflows has prompted investors to reevaluate their holdings in these financial instruments.</p>
<h2 style="text-align: justify" id="strong-which-funds-experienced-major-withdrawals-strong"><strong>Which Funds Experienced Major Withdrawals?</strong></h2>
<p style="text-align: justify">Among the affected funds, Blackrock’s Bitcoin ETF, IBIT, saw $10.83 million exit, and Grayscale’s GBTC faced a withdrawal of $18.52 million. Fidelity’s FBTC experienced outflows totaling $33.79 million, while Ark and 21Shares’ ARKB ETF recorded $30.30 million in outflows. Grayscale’s mini Bitcoin ETF, <a href="https://en.bitcoinhaber.net/grayscale-to-launch-cost-effective-mini-bitcoin-trust-etf" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>, also witnessed a significant outflow of $21.16 million.</p>
<h2 style="text-align: justify" id="strong-what-trends-are-emerging-in-ethereum-etfs-strong"><strong>What Trends Are Emerging in Ethereum ETFs?</strong></h2>
<p style="text-align: justify">In contrast, spot Ethereum ETFs experienced a net inflow of $3.06 million on the same day. Notably, Blackrock’s ETH ETF attracted $17.85 million, and Grayscale’s mini ETH ETF saw $3.34 million added. Despite this, Grayscale’s ETH ETF recorded an outflow of $10.37 million, leading to a total net asset value for Ethereum ETFs of $6.46 billion.</p>
<ul>
 <li>Spot Bitcoin ETFs total net asset value fell to $55.15 billion.</li>
 <li>Market volatility and U.S. economic uncertainties were cited as potential causes for the outflows.</li>
 <li>Investors remain interested in spot ETFs, especially given the contrasting trends between Bitcoin and Ethereum funds.</li>
</ul>
<p style="text-align: justify">Recent outflows from Bitcoin ETFs illustrate a critical shift in market sentiment, underscoring the potential influence of institutional investor decisions on future trends. Analysts suggest that the current trends warrant close observation as the cryptocurrency landscape evolves.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/spot-bitcoin-etfs-face-significant-outflows" data-wpel-link="internal" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs Face Significant Outflows</a></h5>

Spot Bitcoin ETFs Face Significant Outflows

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