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/bitcoin-and-ethereum-etfs-see-major-outflows" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum ETFs See Major Outflows</a><br></p>
<p style="text-align: justify">On November 4, 2024, significant withdrawals were reported for spot <a href="https://en.bitcoinhaber.net/bitcoin-ascends-to-the-13th-position-among-global-currencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum exchange-traded funds (ETFs) in the United States. Data from Spot On Chain revealed that Bitcoin ETFs experienced outflows totaling approximately $540.9 million, while Ethereum ETFs faced withdrawals of about $63.2 million.</p>
<h2 style="text-align: justify" id="did-blackrock-s-etf-perform-differently">Did BlackRock’s ETF Perform Differently?</h2>
<p style="text-align: justify">In contrast to the general trend, BlackRock’s IBIT ETF showcased a notable inflow of $38.6 million. Most other Bitcoin ETFs, however, encountered considerable losses. Fidelity’s FBTC ETF saw a withdrawal of $169.6 million, while ARK 21Shares’ ARKB ETF experienced outflows of $138.3 million. This disparity highlights BlackRock’s unique position in the current market.</p>
<h2 style="text-align: justify" id="why-are-ethereum-etfs-struggling">Why Are Ethereum ETFs Struggling?</h2>
<p style="text-align: justify">Ethereum ETFs mirrored the Bitcoin trend, with only BlackRock’s ETHA ETF managing a positive inflow of $11 million. Conversely, Grayscale’s, Fidelity’s, and Grayscale Mini ETFs reported outflows of $10.8 million, $31.5 million, and $31.9 million, respectively. This downturn suggests diminishing investor confidence in Ethereum spot ETFs.</p>
<p style="text-align: justify">The recent outflows are attributed to market uncertainties, particularly surrounding the upcoming U.S. presidential elections. Key conclusions include:</p>
<ul>
 <li>Only BlackRock’s ETFs showed positive inflows in a challenging environment.</li>
 <li>Significant withdrawals from both Bitcoin and Ethereum ETFs indicate a trend of decreasing investor interest.</li>
 <li>Market volatility appears to be heavily influenced by political uncertainties.</li>
</ul>
<p style="text-align: justify">As the political landscape evolves, particularly with Donald Trump emerging as a likely frontrunner, the cryptocurrency market may shift. Experts suggest that resolving election-related uncertainties could bolster confidence and lead to increased inflows into these financial instruments.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-etfs-see-major-outflows" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum ETFs See Major Outflows</a></h5>

Bitcoin and Ethereum ETFs See Major Outflows

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