Ethereum

Bitcoin ETF

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-etfs-experience-significant-outflows/" data-wpel-link="internal">Bitcoin and Ethereum ETFs Experience Significant Outflows</a> 
As Bitcoin’s price retreats from the critical $60,000 mark, the spot Bitcoin ETF market has witnessed a slight increase in net outflows. On October 9, the total net outflow across ten spot Bitcoin ETFs reached 105 BTC, amounting to approximately $6.5 million. Notably, Fidelity’s FBTC ETF experienced a considerable outflow of 787 BTC, valued at about $48.55 million. Meanwhile, spot Ethereum ETFs also encountered significant withdrawals, totaling 3,442 ETH, equivalent to roughly $8.32 million. The highest outflow in this sector was observed in the Bitwise Ethereum ETF, which lost 1,865 ETH, valued at approximately $4.53 million. 
<h2 style="text-align: justify" id="strong-spot-bitcoin-etfs-draw-attention-with-net-outflows-strong">Spot Bitcoin ETFs Draw Attention with Net Outflows</h2> 
As Bitcoin’s price declines, activity in the ETF market has intensified. Recent data reveals that the FBTC, led by Fidelity, saw a notable amount of outflows. Currently, Fidelity’s total assets amount to 178,778 BTC, valued at nearly $11 billion. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-395947" src="https://coin-turk.com/wp-content/uploads/2024/10/GZgaZi9WsAQkU8F.jpeg" alt="" width="1168" height="678"> 
These outflows are likely linked to investors taking short-term profits or seeking to reduce risk in response to volatility in the leading <a href="https://en.coin-turk.com/the-2023-banking-crisis-and-its-impact-on-cryptocurrencies/" data-wpel-link="internal">cryptocurrency</a>‘s price. 
<h2 style="text-align: justify" id="strong-similar-trends-in-spot-ethereum-etfs-strong">Similar Trends in Spot Ethereum ETFs</h2> 
A similar scenario is evident in the Ethereum sector. On October 9, spot Ethereum ETFs recorded a net outflow of 3,442 ETH, adding up to a total value of $8.32 million. 
The Bitwise Ethereum ETF led the way with the largest outflow, shedding 1,865 ETH, valued at approximately $4.53 million. The rise in ETF outflows, paralleling Ethereum’s overall market trends, indicates that investors are adopting a more cautious approach amid market uncertainties. 
These recent net outflows demonstrate an increasing sensitivity among investors to the rising volatility in the <a href="https://en.coin-turk.com/altcoins-may-lead-the-charge-as-crypto-market-eyes-2-1-trillion-value/" data-wpel-link="internal">cryptocurrency market</a>, prompting them to reassess their positions. Developments in spot Bitcoin and Ethereum ETFs continue to serve as significant signals for market participants. 
The post <a href="https://en.coin-turk.com/bitcoin-and-ethereum-etfs-experience-significant-outflows/" data-wpel-link="internal">Bitcoin and Ethereum ETFs Experience Significant Outflows</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin and Ethereum ETFs Experience Significant Outflows

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