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

user avatar

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.

Tier I

Sector: #18291

Sealed Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

BNB Chain Reports Growth in New dApps for August

chest

BNB Chain's August update highlights significant growth in decentralized applications, indicating a healthy ecosystem beyond just BNB price movements.

user avatarMohamed Farouk

Challenges Ahead for Solana Mobile's SKR Token

chest

Challenges Ahead for Solana Mobile's SKR Token

user avatarElias Mukuru

SKR Token Emerges as Top Performer in Crypto Market

chest

Solana Mobiles SKR token has gained significant attention, becoming one of the strongest weekly performers among the top 200 crypto assets.

user avatarDiego Alvarez

Kalshi Issues Lifetime Ban to George Santos for Manipulating Prediction Market

chest

Kalshi has permanently banned former Rep George Santos for manipulating a market tied to his attendance at the State of the Union address, profiting nearly $18,000.

user avatarKenji Takahashi

Sberbank Prepares for Crypto Trading Boom with New Digital Asset Rules

chest

Sberbank anticipates a surge in cryptocurrency trading in Russia following the implementation of new digital asset regulations, planning to accept Ethereum and Tether as collateral for loans.

user avatarMaria Fernandez

Sony Claims Consumers Don't Expect Ownership of Digital Games in Class Action Response

chest

Sony claims that consumers do not expect ownership of digital games purchased on the PlayStation Store in response to a class action lawsuit.

user avatarGustavo Mendoza

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.