Spot Bitcoin ETFs in the US experienced significant outflows, especially in Ark Invest, Grayscale, and BlackRock funds. On the other hand, Fidelity's spot Bitcoin ETF managed to attract investment. Spot Ethereum ETFs continued to maintain investor interest, generating $14 million in inflows.
Loss in Spot Bitcoin ETFs
Spot Bitcoin ETFs in the US suffered significant losses on the trading day of October 2, at $60,517. Major funds such as BlackRock, Ark Invest and Grayscale saw large outflows. Notably, Fidelity’s fund received investment during the same period. Also, spot Ethereum ETFs continued to attract investors at $2,340.
US-based spot Bitcoin ETFs closed yesterday with a loss of $91.7 million. The majority of these losses came from three major fund companies. The most notable outflow was from Ark Invest’s ETF, with a $60 million outflow. Ark Invest’s fund was followed by Grayscale with a $27 million outflow, while BlackRock’s ETF closed the day with a $13 million loss. However, Fidelity’s ETF showed a notable trend with a $21 million investment. This situation shows that investors are still interested in some funds despite the general negative sentiment towards spot Bitcoin ETFs.
Interest in Spot Ethereum ETFs$ETH
Despite the outflows in spot Bitcoin ETFs, spot Ethereum ETFs continue to attract investors’ attention. According to the latest data, $14 million in investment inflows were made to spot Ethereum ETFs. The vast majority of these inflows were directed to BlackRock’s spot ETF, with the company’s fund taking the lead with $18 million inflows.
These developments in ETFs show that interest in different asset classes continues in the cryptocurrency market and that investors' confidence in Ethereum in particular has increased. Despite the outflows in spot Bitcoin ETFs, the demand for spot Ethereum ETFs indicates that investors are inclined to diversify their portfolios.
As the cryptocurrency market continues to be volatile amid rising geopolitical tensions, spot crypto ETFs in the US are showing a mixed picture among investors. Trends in ETFs should be monitored carefully as they will continue to play a significant role in the future of the cryptocurrency market.