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Bitcoin ETFs witnessed an unprecedented trading volume of almost $3 billion in the first hour of trading, exceeding Ethereum ETFs by more than tenfold.
The surge came as investors hastily shed assets in response to a major global stock selloff, sending the world's two largest cryptocurrencies to their lowest levels in months.
Related News: <a href="https://en.bitcoinsistemi.com/just-in-test-transfer-allegedly-made-from-us-seized-ethereum-funds/" target="_blank" rel="noopener noreferrer nofollow">JUST IN: Test Transfer Allegedly Made from US Seized Ethereum Funds</a>
Data from CoinShares revealed that Bitcoin and Ethereum investment products experienced significant outflows of $400 million and $146 million, respectively, in the week ending August 3. On Friday, Bitcoin ETFs recorded their most significant one-day outflows in nearly three months.
The development marked the first loss in five weeks for Bitcoin funds, halting a winning streak that had attracted more than $3.5 billion. On the other hand, Ethereum ETFs also suffered a two-week losing streak, with total outflows approaching $500 million.
The BTC price is undergoing a slight recovery at the time of writing, after hitting below $50,000 during the day.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/whats-happening-bitcoin-etfs-see-3-billion-in-trading-volume-at-the-start-of-trading-hours/" rel="noopener noreferrer nofollow">What’s Happening: Bitcoin ETFs See $3 Billion in Trading Volume at the Start of Trading Hours</a>

What’s Happening: Bitcoin ETFs See $3 Billion in Trading Volume at the Start of Trading Hours

Bitcoin Sistemi EN

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