While Ethereum ETFs experienced modest inflows, Bitcoin spot ETFs saw significant outflows! Here are the details.

robot
Abstract generation in progress

Bitcoin spot stock exchange investment funds (ETFs) experienced a total net outflow of 210 million dollars, reflecting the ongoing market volatility.

While Ethereum ETFs see modest inflows, Bitcoin spot ETFs recorded an outflow of $210 million.

Major 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 spot ETFs is currently $108.981 billion, highlighting the impact of these withdrawal transactions.

While the outflows in Bitcoin ETFs continue, at the time of writing this article, the price of Bitcoin was trading around 96,800 levels.

In contrast, Ethereum spot ETFs recorded a slight net inflow of $1.1527 billion on the same day. The total NAV of Ethereum spot ETFs reached $11.398 billion, while the historical cumulative net inflow was $2.414 billion, reflecting stable investor interest in Ethereum-based funds.

Ethereum, which has not experienced rises as high as Bitcoin, was around $3200 at the time of writing this article.

Opposing trends highlight different investor sensitivities between Bitcoin and Ethereum ETFs as the digital asset market continues to navigate a challenging regulatory and economic environment.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)