Significant Outflows from Bitcoin and Ethereum ETFs Highlight Market Trends
11/18/2024 6:30:23 PM
According to Lookonchain, on November 19, there were notable net outflows from Bitcoin and Ethereum ETFs. Bitcoin ETFs experienced a net outflow of 3,329 BTC, equivalent to $304.35 million. Notably, Fidelity saw outflows of 1,922 BTC, valued at $175.77 million, and currently holds 190,670 BTC, amounting to $17.43 billion. In the Ethereum space, nine ETFs saw a net outflow of 12,845 ETH, totaling $40.8 million. Grayscale's Ethereum Trust (ETHE) alone accounted for outflows of 7,171 ETH, worth $22.77 million, while holding a total of 1,546,817 ETH. These movements could indicate shifting investor sentiment or strategic reallocations. (Source)
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