The post In a Rare Instance, Ethereum Spot ETFs Record Zero Flows in a Day appeared on BitcoinEthereumNews.com.

The crypto ETF market has seen a noteworthy shift in the overall investor sentiment in the United States. Spot on Chain, a famous on-chain analytics provider, disclosed that the $ETH ETFs recorded zero flows while $BTC ETFs witnessed substantial outflows on August 30. The analytics firm took to its official social media account to offer insights into the present situation of these ETFs. 🚨 US #ETF 30 AUG: 🔴$176M to $BTC and ⚪$0M to $ETH 🌟 BTC ETF UPDATE (final): -$176M • No US Bitcoin ETFs saw an inflow yesterday. • The total flow for the week is -$227M with outflows on the past 4 days! 🌟 ETH ETF UPDATE (final): $0M • All US Ethereum ETFs had $0 net… pic.twitter.com/g2ek81iNSZ — Spot On Chain (@spotonchain) August 31, 2024 $ETH ETFs Record Zero Inflows or Outflows, Denoting the First Instance Since Inception The Ethereum ETFs have seen a complete stagnation in terms of inflows. None of the $ETH ETFs recorded any flows on August 30. This marks the initial instance of completely zero flows since the inception of the $ETH ETFs in the United States. Throughout the week, the $ETH exchange-traded funds beheld $12.4M in cumulative outflows. $BTC ETFs See Enormous $175.6M in Outflows on August 30 According to Spot On chain, Bitcoin ETFs saw $176M in net outflows on the 30th of August. Throughout the past week, the $BTC ETFs experienced consistent outflows. In this respect, more than $227M left the Bitcoin exchange-traded funds in 4 consecutive days. However, a massive outflow of $176M seen on August 30 has surprised the market, underscoring a bearish sentiment. Individually, Invesco (BTCO) and Fidelity (FBTC) recorded $11.1M and $12.9M in outflows. Additionally, Bitwise (BITB) and ARK 21Shares (ARKB) witnessed $16.4M and $65M respectively. As usual, Grayscale (GBTC) went through the highest outflows…

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Filed under: News - @ August 31, 2024 9:11 am