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10/3/2024 3:02:14 PM

Significant Outflows from Bitcoin and Ethereum ETFs Noted

Significant Outflows from Bitcoin and Ethereum ETFs Noted

According to Lookonchain, on October 3, there were notable outflows in cryptocurrency ETFs. Ten Bitcoin ETFs experienced a net outflow of 646 BTC, valued at approximately $39.02 million. Specifically, ARK21Shares saw a significant outflow of 998 BTC, worth around $60.3 million, but still holds 48,173 BTC valued at $2.91 billion. In the Ethereum space, nine ETFs recorded a net outflow of 1,289 ETH, equivalent to $3 million. Grayscale's ETHE experienced a substantial outflow of 10,828 ETH, valued at $25.23 million, while maintaining a holding of 1,653,384 ETH, worth $3.85 billion. These movements indicate potential market sentiment shifts and liquidity changes, which are crucial for traders to monitor.

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Lookonchain

@lookonchain

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