Bitcoin and Ethereum ETFs Record Outflows Amid Market Turmoil!
Author: Elena R
Elena is an expert in technical analysis and risk management in the cryptocurrency market. She has 10+ years of writing experience – accordingly, she is a passionate journalist who investigates new insights into the crypto arena.
August 30, 2024 11:34
Elena is an expert in technical analysis and risk management in the cryptocurrency market. She has 10+ years of writing experience – accordingly, she is a passionate journalist who investigates new insights into the crypto arena.
On August 29, only the 1 BTC ETF recorded a positive return. As reported, ARK's “ARKB” added $5.3 million while 5 ETFs recorded neutral inflows. In contrast, Fidelity's “FBTC” recorded the highest spending at $31.1 million, followed by Greyscale's “GBTC” at $22.7 million. Blackrock, Bitwise and Valkyrie are among the other losers. On the other hand, Grayscale's “ETH” is the only Ethereum ETF with a positive flow of $3.6 million. With 7 ETFs recording neutral inflows and Grayscale's “ETHE” losing $5.3 million, the day's total inflows were -$1.7 million.
