Bitcoin

Ethereum

<p>On the 8th of this month, <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum</a> spot exchange-traded funds witnessed noteworthy outflows, indicating the current market volatility. As per the latest statistics from SoSoValue, an all-inclusive financial research forum for crypto, Bitcoin recorded a cumulative net outflow of up to $18.66M while Ethereum spot ETFs experienced an outflow of nearly $8.19M.</p><h2 id="header-0">Bitcoin ETFs See $18.66M in Outflows, with $FBTC Solely Accounting for $48.28M</h2><p>In line with the data, Bitcoin spot ETFs showed mixed behavior from diverse providers. Interestingly, the $FBTC ETF of Fidelity saw a substantial withdrawal of $48.82M, contributing to the wider negative flow. Contrarily, the $IBIT ETF of BlackRock recorded $39.57M in inflows. This signifies that a few investors are still optimistic irrespective of the overall downturn. Irrespective of the respective mixed signals, Bitcoin spot ETFs have effectively added $18.72B in cumulative inflows on October 8.</p><h2 id="header-1">Ethereum ETFs See $8.19M in Cumulative Outflows</h2><p>Ethereum spot ETFs also expressed a similar turbulent scenario with their net outflow reaching $8.19M. The $ETHW ETF of Bitwise stands among the exchange-traded funds with significant movements. It recorded $4.54M in a cumulative outflow. However, $FETH ETF of beheld a slight outflow, accounting for $3.65M. On the other hand, a few ETFs like $ETHA of BlackRock, maintained a comparatively stable position without any significant outflows.</p><h2 id="header-2">The ETF Sector Experiences Mixed Behavior Throughout the Week</h2><p>Throughout the week, Bitcoin ETFs witnessed a net inflow of $216.53M. Additionally, $BTC ETFs witnessed positive flows for 3 days. In the case of Ethereum ETFs, the weekly net flow went negative to -$8.19M. During the whole week, ETH ETFs recorded positive flows just on 2 days. Nonetheless, on October 7, no funds flowed into Ethereum ETFs.</p><p>These outflows from <a href="https://ethereum.org/" rel="noopener noreferrer nofollow">Ethereum</a> and Bitcoin spot ETFs mirror the wider market struggle amid the volatility. With substantial amounts of assets linked to these exchange-traded funds, the market’s further developments will potentially be impacted by external economic conditions and investor sentiment.</p>

Bitcoin and Ethereum Spot ETFs Experience Massive Outflows Amid Market Volatility

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