Ethereum

Major

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-suffer-major-withdrawals-while-ethereum-grows" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Suffer Major Withdrawals While Ethereum Grows</a><br></p>
<p style="text-align: justify">On October 10, the cryptocurrency market witnessed notable financial shifts as <a href="https://en.bitcoinhaber.net/bitcoin-stabilizes-in-key-price-range-as-analysts-observe-increased-accumulation" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs experienced significant outflows amounting to $120.76 million. These withdrawals occurred without any compensatory inflows, prompting investors to reconsider their strategies in the cryptocurrency landscape.</p>
<h2 style="text-align: justify" id="strong-which-funds-faced-the-most-withdrawals-strong"><strong>Which Funds Faced the Most Withdrawals?</strong></h2>
<p style="text-align: justify">Several prominent funds contributed to this decline. Blackrock’s Bitcoin ETF, IBIT, saw an outflow of $10.83 million, while Grayscale’s GBTC faced a $18.52 million withdrawal. Fidelity’s FBTC reported outflows of $33.79 million, and ARKB, managed by Ark and 21Shares, lost $30.30 million. The overall net asset value of Bitcoin ETFs dropped to $55.15 billion, a reflection of the current market’s uncertainty and volatility.</p>
<h2 style="text-align: justify" id="strong-what-about-ethereum-etfs-strong"><strong>What About Ethereum ETFs?</strong></h2>
<p style="text-align: justify">In contrast, spot Ethereum ETFs attracted a net inflow of $3.06 million on the same day. Blackrock’s ETH ETF led with inflows of $17.85 million, while Grayscale’s mini ETH ETF gained $3.34 million. Despite some outflows from Grayscale’s ETH ETF and others, the total net asset value for Ethereum ETFs stands at $6.46 billion.</p>
<ul>
 <li>Bitcoin ETFs recorded $120.76 million in net outflows.</li>
 <li>Blackrock’s and Grayscale’s funds were major contributors to these withdrawals.</li>
 <li>Ethereum ETFs showed a contrasting trend with $3.06 million in inflows.</li>
 <li>Investor sentiment appears to be swayed by broader economic uncertainties.</li>
</ul>
<p style="text-align: justify">The fluctuations in the cryptocurrency ETFs have captured considerable attention, with experts predicting sustained interest from investors, particularly from institutions that could significantly influence the market moving forward.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-etfs-suffer-major-withdrawals-while-ethereum-grows" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Suffer Major Withdrawals While Ethereum Grows</a></h5>

Bitcoin ETFs Suffer Major Withdrawals While Ethereum Grows

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