📉 Bitcoin and Ethereum ETFs are losing money: funds are showing a continuous outflow trend
Bitcoin spot ETFs saw another outflow of $54.13 million yesterday, and have seen net asset outflows for three consecutive days. Among them, ARKB Bitcoin ETF had a net outflow of $57.97 million yesterday, and has seen net asset outflows for four consecutive days; Fidelity's Bitcoin ETF FBTC also had a net outflow of $37.21 million yesterday;
On the other hand, Ethereum spot ETFs had a total net outflow of $3.2 million yesterday, and the total cumulative net outflow climbed to $561 million. Among them, Grayscale's ETHE ETF and Fidelity's FETH became the leaders of fund outflows, with net outflows of $14.69 million and $587,000, respectively.
Bitcoin spot ETFs have seen net outflows for three consecutive days, and Ethereum spot ETFs were not spared yesterday. Does this indicate a shake in market confidence, or are investors looking for new investment opportunities? This is worth our in-depth discussion.
💬What do you think of this wave of net outflows of ETF funds? What impact do you think this will have on the cryptocurrency market? Feel free to share your views in the comments!
