COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin ETF Sees Significant Outflows While Ethereum ETF Experiences Inflows
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Bitcoin ETF Sees Significant Outflows While Ethereum ETF Experiences Inflows
Cryptocurrency News

Bitcoin ETF Sees Significant Outflows While Ethereum ETF Experiences Inflows

In Brief

  • Spot Bitcoin ETFs faced significant outflows, totaling $120.76 million on October 10.

  • Conversely, spot Ethereum ETFs attracted net inflows of $3.06 million on the same date.

  • Investor interest in cryptocurrency products is expected to persist given recent market fluctuations.

Ömer Ergin
Ömer Ergin 7 months ago
Share
SHARE

On October 10, significant net outflows were observed from spot Bitcoin $103,770 ETFs, totaling $120.76 million without any corresponding inflows. This situation raises concerns in the cryptocurrency market, prompting investors to reassess their positions in spot Bitcoin ETFs.

Contents
Major Outflows from Blackrock and FidelityInflows into Spot Ethereum ETFs on the Same Date

Major Outflows from Blackrock and Fidelity

Blackrock’s Bitcoin ETF, IBIT, accounted for a notable outflow of $10.83 million. Similarly, Grayscale’s GBTC saw a withdrawal of $18.52 million, while Fidelity’s FBTC experienced $33.79 million in outflows. Additionally, ARKB, offered by Ark and 21Shares, had outflows of $30.30 million, and Bitwise’s BITB saw $6.16 million withdrawn. Grayscale’s mini Bitcoin ETF also recorded an outflow of $21.16 million.

Following these developments, the total net asset value of spot Bitcoin ETFs fell to $55.15 billion. While there are differing views on the reasons behind these substantial outflows, some attribute the situation to uncertainties in the U.S. economy and volatility in global financial markets.

Inflows into Spot Ethereum ETFs on the Same Date

On the same date, spot Ethereum $2,670 ETFs attracted net inflows of $3.06 million, indicating a different trend for Ethereum compared to Bitcoin. Blackrock’s ETH ETF saw significant inflows of $17.85 million, while Grayscale’s mini ETH ETF experienced inflows of $3.34 million.

Conversely, Grayscale’s ETH ETF experienced outflows of $10.37 million, Fidelity’s ETH ETF saw $3.54 million withdrawn, and Bitwise’s ETH ETF had outflows of $4.23 million. Consequently, the total net asset value of spot Ethereum ETFs is estimated at $6.46 billion.

Recent fluctuations in the cryptocurrency market, particularly in spot ETFs, have drawn significant attention. Experts agree that investor interest in such products will likely continue in the short term, particularly as institutional investors’ decisions can have substantial market impacts.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Andrew Peel Ignites New Crypto Venture in Switzerland

Thailand Takes Bold Step with $150 Million G-Token Initiative

Exciting Surge As Major Companies Snap Up Bitcoin

Crypto Markets Surge as Global Economic Tensions Decrease

Fed Eases Crypto Markets with Strategic Moves

Ömer Ergin 11 October, 2024 - 11:02 am 11 October, 2024 - 11:02 am
Share This Article
Facebook Twitter
Share
Previous Article Significant Outflows from Spot Bitcoin ETFs Prompt Market Reassessment
Next Article LayerZero Initiates Cross-Chain Compatibility on Unichain Testnet
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Cardano Makes Waves with Impressive Price Surge and Market Optimism
Cardano (ADA)
Robinhood Triumphs with a Bold Canada Debut by Acquiring WonderFi
Cryptocurrency Exchanges
Investors Dump TRUMP Tokens as Event Invitations Are Finalized
Altcoin News
Andrew Peel Ignites New Crypto Venture in Switzerland
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?