• 29 September, 2024
Bitcoin ETF News

Bitcoin, Ethereum ETFs See Major Outflows, Shift in Strategy

Recent data reveals substantial outflows from Bitcoin and Ethereum ETFs, signaling a shift in investor sentiment or strategy. Bitcoin ETFs, particularly ARK 21Shares, saw a net outflow of around 1,323 BTC (~$76.54 million) on the first trading day of September. Ethereum ETFs also faced outflows, totaling $12.4 million in a week, with zero inflows on some days. These movements suggest possible profit-taking, strategic repositioning, or caution due to market volatility. The crypto market's reaction to macroeconomic news and broader investment trends likely contributed to these outflows.

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