Ethereum

Shift

Reflect

Bitcoin ETF

Bitcoin

<ul class="wp-block-list news-points">
 <li>Bitcoin ETFs see $438M outflows, led by BITB at $280M, ending 5-day inflow streak.</li>
 <li>Ethereum ETFs post $2.8M inflows, contrasting Bitcoin’s trend amid steady trading volumes.</li>
 <li>Last week saw record $3.13B inflows, but European markets faced $141M outflows.</li>
</ul>
Bitcoin ETFs saw significant outflows on Monday, ending a five-day inflow streak. This shift in the crypto market saw total outflows of approximately $438.4 million, suggesting a change in investor sentiment towards Bitcoin as a long-term investment.
Bitwise’s BITB had the largest outflows on Monday, losing over $280.7 million in investor funds. Grayscale’s GBTC followed with outflows of $158.2 million.
Fidelity’s FBTC also had withdrawals of $134.7 million, while Ark’s ARKB and 21Shares had combined outflows of $110.9 million.
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcKe2etcxIDHauiTkvo47nL1PzOGJ4rLU-D6b-D283ZdXJ_Gv6_M7qQBQT1EcF2Ul29_XSwtse5xPysHqQlkevo8FisosSWwgRkBpSD3pwBxS1JiQ4ujeM8mCH1ofiljOffpKNd?key=p4oDhsC8HQH6H3rPmAAP6nUV" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">Source: <a href="https://sosovalue.com/ja/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">SoSoValue</a>
 </figcaption>
 </figure>
</div>
Invesco, Valkyrie, and VanEck spot Bitcoin ETFs also had outflows, adding to the day’s negative trend.
However, a few ETFs went against the trend. BlackRock’s IBIT, the largest spot Bitcoin ETF with $31.6 billion in cumulative inflows, had a net inflow of $267.8 million on Monday. Grayscale’s Mini Bitcoin Trust also had an inflow of $420,460, which sho…
The post <a href="https://coinedition.com/438m-bitcoin-etf-outflows-reflect-investor-shift-toward-ethereum/" rel="noopener noreferrer nofollow">$438M Bitcoin ETF Outflows Reflect Investor Shift Toward Ethereum</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

$438M Bitcoin ETF Outflows Reflect Investor Shift Toward Ethereum

Coin Edition

Other articles published on Nov 26, 2024

Bitcoin News: BTC-backed Stablecoin Surpasses 200M Supply in 2 Weeks

Which AI Crypto to Buy: Top Picks for 2024

Arthur Hayes Points to Altcoin that Will Get Your Portfolio ‘Fat,’ 43,099% Bull Run in the Cards

Trump Media Enters Cryptocurrency Market

$0.0008 Meme Coin Predicted to Surpass PEPE and SHIB in Market Cap by 2025

Australia to Adopt International Crypto Tax Reporting Framework

Join our free newsletter for daily crypto updates!