Outflows of $210 Million in Bitcoin ETFs, Ethereum ETFs See Inflows

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by Giorgi Kostiuk

2 years ago

Bitcoin ETFs experienced a substantial outflow of $210 million in light of ongoing market volatility. Meanwhile, Ethereum ETFs showed a modest inflow, highlighting the unsettled state of the digital asset market.

Major Bitcoin ETFs Experience Outflows

Leading Bitcoin ETFs, including GBTC, FBTC, and ARKB, saw significant outflows of $89.01 million, $113.6 million, and $92.36 million, respectively. The total net asset value (NAV) of Bitcoin ETFs amounts to $108.981 billion, underscoring the impact of these withdrawals.

Ethereum ETFs See Modest Inflows

In contrast, Ethereum ETFs recorded a mild net inflow of $1.1527 million on the same day. The total NAV of Ethereum ETFs reached $11.398 billion, while the historical cumulative net inflow was $2.414 billion, reflecting stable investor interest in Ethereum-based funds.

Divergent Investor Sentiments

The opposing trends highlight the divergent investor sentiment between Bitcoin and Ethereum ETFs as the digital asset market continues to navigate a challenging regulatory and economic environment.

The current ETF market scenario for both Bitcoin and Ethereum reflects complex investor sentiments driven by market volatility and other external factors. Observers continue to monitor these developments in the innovative investment products.

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