Bitcoin ETFs Suffer $706 Million In Outflows – Should Investors Be Paranoid?
Mainstream Bitcoin ETFs are having a bad time lately, as $706 million of outflows were recorded. This makes it one of the largest sets of withdrawals since May, showing growing unease among investors. Related Reading: Unfazed By Falling Economy: Bitcoin Major Bull Run Looms — Analyst This has been driven by the fall in BTC […]
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US-based crypto ETFs have witnessed a change in dynamics in August, which has seen inflows tipping towards Ethereum ETFs. However, last week’s trend of strong inflows ended with substantial outflows on Friday, with Ethereum ETFs leading the retreat with $164.64 million and Bitcoin ETFs following with $126.64 million. This sudden reversal coincides with an interesting timing of stubborn inflation data that seems to have rattled institutional investors. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock A Sudden Reversal At Week’s End According to....
The Spot Bitcoin ETFs have seen their demand drop since the start of this month, and this was again evident in the considerable outflows recorded on April 26. This poor run has had far-reaching effects on the broader crypto market as Bitcoin’s price has succumbed to unfavorable market conditions. Spot Bitcoin ETFS Record $217 Million Of Outflows Farside Investors revealed in an X (formerly Twitter) post that the Spot Bitcoin ETFs recorded $217 million of net outflows on April 25, one of their largest this month. Grayscale’s Bitcoin Trust (GBTC) accounted for most of these outflows, with....
Following the last trading window, the US Bitcoin Spot ETFs have recorded another week of overwhelming net outflows with investors pulling over $900 million from the market. This development marks the fifth consecutive week of redemptions indicating weak market confidence among institutional investors of the premier cryptocurrency. Related Reading: Ethereum Spot ETFs Outshine Bitcoin Counterparts With Double Market Inflows – Details Bitcoin Institutional Investors Withdraw For The Fifth Straight Week After a strong start to the year which saw the Bitcoin ETFs attract over $5 billion in....
Bitcoin and Ethereum ETFs experienced their worst weekly stretch since debut, as risk appetite declined and investors de-risked heading into quarter-end. Related Reading: Messaging App Bitchat Sees Unprecedented Boom Amid Madagascar Turmoil U.S. spot Bitcoin ETFs saw approximately $902.5 million in net outflows for the week of Sept. 22–26, ending a four-week inflow streak. Ethereum […]
The XRP ETFs continue to see significant demand despite the current bear market conditions, with XRP on the decline. These funds are also outperforming the Bitcoin and Ethereum ETFs, which are seeing outflows as BTC and ETH trend downwards. XRP ETFs Record Steady Inflows Even As Price Declines SoSoValue data shows that the XRP ETFs […]