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

Payward to Acquire Saldo Bank for European Banking Expansion

Payward, the parent company of Kraken, plans to acquire Lithuania-based Saldo Bank to enhance its banking capabilities and integrate banking products with crypto services.

user avatarMaria Fernandez

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

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.