Bitcoin And Ethereum ETFs Record Massive Outflows
The post Bitcoin And Ethereum ETFs Record Massive Outflows appeared on BitcoinEthereumNews.com.
The crypto ETF sector is experiencing substantial outflows. As per the data from Lookonchain, the Bitcoin ($BTC) ETFs have witnessed 1,567 $BTC in outflows. In the mean time, Ethereum ($ETH) ETFs have also recorded 1,661 $ETH in overall outflows. The on-chain analytics provider revealed this crypto ETF downturn in a recent X post. Bitcoin ETFs See $130.04M in Outflows as Demand Declines Lookonchain’s data points out a wider shift in the crypto market, which has led to the huge in the case of Bitcoin and Ethereum ETFs. This has shifted the investor sentiment along with resulting in likely market recalibrations. The data signifies that the ten Bitcoin ETFs saw a cumulative 1,567 $BTC in net outflow. This figure accounts for a value of nearly $130.04M. Particularly, the Wise Origin Bitcoin Fund of Fidelity went through the biggest single outflow. In this respect, the ETF lost 1,113 $BTC, denoting $92.39M in value. Irrespective of this considerable decline, Fidelity keeps maintaining a resilient status in the market. At present, the exchange-traded fund holds a cumulative 196,933 $BTC with a value of almost $16.35B. In addition to this, the other Bitcoin ETFs recorded different levels of outflows. This indicates that the institutional players are reluctant to invest in crypto exchange-traded funds. The market onlookers associate these outflows with the portfolio rebalancing that takes place by the end of a quarter. Ethereum ETFs Account for $3.03M in Outflows as Investor Sentiment Shifts In the same vein, Ethereum ETFs have also encountered noteworthy outflows over the recent 24 hours. Thus, the total 9 Ethereum ETFs reported an overall outflow of approximately 1,661 $ETH. This amount of outflows reportedly equals $3.03M. Especially, VanEck Ethereum ETFs solely recorded 1,098 $ETH (nearly $2M). Irrespective of these outflows, VanEck still holds a notable value of 46,133 $ETH (up to…
Filed under: News - @ April 1, 2025 7:17 am