• 30 September, 2024
Bitcoin ETF News Ethereum

Bitcoin & Ethereum ETFs See Striking Outflows But No Inflows

Bitcoin ETFs experienced $176 million in outflows, extending a week of declines totaling $227 million. Unusually, no U.S. Bitcoin ETFs saw any inflows. Meanwhile, Ethereum ETFs recorded zero net inflows, breaking their activity streak. This suggests investor caution, likely due to market volatility, profit-taking, or regulatory concerns. The absence of inflows for both Bitcoin and Ethereum ETFs reflects a possible shift in market sentiment or emerging competitive pressures in the crypto space.

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