The post BTC ETF Sees Net Outflow $43.97M; ETH ETF $0.54M Outflow appeared on BitcoinEthereumNews.com.

As of September 11, US BTC ETF witnessed a net outflow of $43.97 Million and ETH ETF saw a net outflow of $0.54 Million. Thus, Bitcoin ETFs Cumulative total net inflow amounts to $17 Billion, and Ethereum ETF has a cumulative total net outflow of $562.60 Million. When it comes to BTC ETFs, BlackRock ($IBIT) recorded no flows. On the other extreme, Ark ($ARKB) saw an outflow of $54.03 Million. Grayscale ($GBTC) continued its outflow streak and registered an outflow of $4.59 Million. Grayscale mini $BTC saw an outflow of $ 0.51 Million. Fidelity ($FBTC) recorded a net inflow of $ 12.57 M. Invesco ($BTCO) also registered a net in flow of $2.59 M As for other Bitcoin ETFs, Bitwise ($BITB) , Van Eck ($HODL), Wisdomtree ($BTCW), Franklin ($EZBC), and Valkyrie ($BRRR) did not see any flows. Ark ($ARKB), on the other hand saw an outflow of $54.03 M. As for ETH ETFs, for the second consecutive day, Grayscale $ETHE did not see any outflow. This comes off as an interesting development, as Grayscale continued with its outflow streak since its launch. In fact, the outflows were driven by traders selling off their ETFs after purchasing ETHE shares at a discount. Bitwise (ETHW), Invesco (QETH) , 21shares(CETH) and Franklin (EZET) ETH ETFs, too, witnessed zero outflow. Fidelity ($FETH) saw an inflow of $1.17 Million and Van Eck(ETHV) saw an outflow of $1.71 Million. With Fed interest rate cuts expected to be announced around 18 September, further flows into ETFs can be expected. Source: https://www.cryptonewsz.com/btc-etf-sees-net-outflow-43-97m/

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Filed under: News - @ September 12, 2024 3:19 am