Bitcoin

Ethereum

In a surprising turn of events, US Bitcoin ETFs experienced their first significant net outflow in a month, shedding over $300 million despite a slight gain at the week&#39;s end.This shift marks a notable change in market sentiment after three weeks of steady inflows, indicating growing investor caution as Bitcoin prices dipped alongside a broader crypto market pullback.According to SoSoValue, the total weekly outflows reversed a trend that had seen over a billion dollars flow into these funds recently. Initially, the week began on a positive note, but midweek outflows led to a sharp decline, overshadowing the modest inflows that came on Friday. While funds like Bitwise and Fidelity managed to post gains, they were eclipsed by significant losses in the Grayscale fund, which faced heavy outflows.Currently, US Spot Bitcoin ETFs hold about 5% of the total <a href="https://optimisus.com/news/crypto-news/a-crypto-strategist-believes-bitcoin-btc-can-witness-an-abrupt-rally-to-68000/" rel="noopener noreferrer nofollow">Bitcoin market cap</a>. The week’s optimistic outlook quickly turned sour, resulting in a noticeable decrease in total holdings compared to late September.Ethereum ETFs mirrored this trend, suffering net outflows despite a brief recovery. Since their launch, Ethereum ETFs have struggled to maintain positive net flows, with only two weeks of inflows recorded.This rapid shift in investor sentiment underscores the volatility of the cryptocurrency market, as traders exercise increased caution in response to changing economic factors.The pronounced outflows from both Bitcoin and Ethereum ETFs reflect a growing uncertainty, particularly in Ethereum, which has shown a lack of confidence compared to Bitcoin&#39;s relatively stronger performance in recent weeks.

US Bitcoin ETFs see over $300 million in weekly outflows

Optimisus

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