Changes continue in the cryptocurrency market: funds are exiting Bitcoin ETFs, and the market is under pressure.
Bitcoin ETF Outflows Analysis
According to SoSoValue data, U.S. Bitcoin ETFs have recorded outflows for the second consecutive day, totaling $30.59 million. ARK 21Shares' ARKB contributed the most, losing $44.47 million, while BlackRock’s IBIT showed an inflow of $13.88 million.
Bitcoin Price Fluctuations and Crypto Market
Bitcoin's price dropped to $60,541, triggering liquidations worth $40 million. The crypto market saw a total of $162.22 million in liquidations, with Bitcoin trading at $61,031 at the time of writing.
Stability for Ethereum ETFs
Ethereum ETFs remained static on the same day with zero inflows. Ethereum's price fell by 1.8% to $2,402, reflecting investor caution.
Despite current trends, experts anticipate future growth in Ethereum ETF interest, potentially increasing assets to $20 billion.