List of Flash News about Grayscale ETHE withdrawals
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2025-05-14 14:12 |
Bitcoin and Ethereum ETF Net Outflows Surge: May 14 Data Shows $95M BTC and $5M ETH Withdrawals Impact Crypto Market
According to Lookonchain, on May 14, Bitcoin ETFs saw a net outflow of 915 BTC, equating to $95.12 million, with Fidelity alone accounting for 873 BTC ($90.69 million) in outflows, currently holding 198,247 BTC ($20.6 billion). Simultaneously, Ethereum ETFs experienced a net outflow of 1,979 ETH ($5.15 million), led by Grayscale (ETHE) with 3,983 ETH ($10.35 million) in withdrawals, maintaining a balance of 1,129,089 ETH. These significant ETF outflows highlight institutional caution and could signal increased short-term market volatility and downward price pressure for both Bitcoin and Ethereum. Source: Lookonchain on Twitter, May 14, 2025. |