Bitcoin and Ethereum ETFs Face Major Outflows

user avatar

by Giorgi Kostiuk

2 years ago

The last trading day for spot Bitcoin ETFs in the US recorded notable outflows, indicating a shift in investor interest.

Major Outflows Observed in Bitcoin ETFs

On November 14, spot Bitcoin ETFs in the United States witnessed a significant outflow of $400.67 million. Approximately 4,450 BTC were sold from funds managed by organizations like BlackRock, Fidelity, ARK Invest, Bitwise, and Grayscale. BlackRock received an inflow of $126 million, Fidelity $179 million, ARK Invest $161 million, Bitwise $113 million, while Grayscale noted an outflow of $70 million.

Stagnation in Spot Ethereum ETFs

Spot Ethereum ETFs saw a total outflow of $3.2 million, marking the first negative outcome after six consecutive positive days. Inflows into funds like BlackRock's and Invesco's suggest not all market outlooks are bearish, but Grayscale's significant outflows show investor caution. The total net asset value of spot Ethereum ETFs is $9.27 billion, about 2.48% of Ethereum's total market cap.

Current Cryptocurrency Market Trends

The observed outflows from both Bitcoin and Ethereum ETFs highlight market uncertainties. However, continuous inflows into major funds indicate some level of retained investor confidence.

The recent significant outflows from Bitcoin and Ethereum ETFs signal a more cautious approach from investors, possibly due to market volatility. Nonetheless, steady inflows into major funds suggest that interest remains intact.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

MediaMarkt Saturn Ceases Sales of Ledger Devices Amid Security Concerns

MediaMarkt Saturn has stopped selling Ledger devices due to security concerns following a customer report of a hidden implant.

user avatarRajesh Kumar

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.