Bitcoin ETF Loses $277 Million, Ethereum ETFs Show Mixed Signals!

Starting the week on a slightly negative note, Bitcoin price fell 2.81% on Sunday and is currently trading at $57,557. The Bitcoin ETF market is facing a bearish trend amid such a market.

Last week, from August 26 to 30, Bitcoin ETFs declined with a total net outflow of $277 million. The majority of the outflows came from ARK Invest and 21Shares' ETF ARKB with a massive $220 million withdrawal. Similarly, Grayscale's GBTC also recorded an increase in outflows of $119 million.

However, Ethereum exchange-traded funds (Ethereum ETFs) were less negative and surprisingly are in recovery mode. The total outflow was just $12.6 million during the same period. Grayscale’s Ethereum ETHE saw $27.86 million in outflows. Meanwhile, BlackRock’s ETHA and Grayscale’s Mini Ethereum Trust saw increases in inflows of $8.4 million and $3.57 million, respectively.

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