[Funds in the crypto market continue to flow out, and a new round of crash may be brewing]
Bitcoin prices fell below $60,000 as market uncertainty triggered massive outflows. On August 29, Bitcoin and Ethereum spot ETFs experienced net outflows, totaling $71.73 million, with the Grayscale Bitcoin Trust having the largest outflow, reaching $22.68 million.
Despite significant market volatility, some ETFs continue to attract investor attention. For example, Ark Invest and 21Shares ETFs saw combined inflows of $5.34 million, showing that there remains positive investment demand.
On the other hand, the Ethereum spot ETF also came under pressure, with net outflows reaching $1.77 million. Grayscale Ethereum Trust saw $5.35 million in outflows, but its mini-ETF version attracted $3.57 million in inflows.
Overall, the Bitcoin spot ETF’s total NAV is now $54.36 billion, while the Ethereum spot ETF’s total NAV is $7.03 billion. These data reflect the current market instability and its impact on investor behavior. $BTC
There is currently no big good news, but there are various on-chain transfers of large funds. Please proceed with caution.
