On October 13, U.S. Bitcoin and Ethereum spot ETFs experienced combined outflows totaling $755 million, driven by investor fears after one of the largest crypto liquidation events. Bitcoin ETFs saw $326 million withdrawn, while Ethereum ETFs suffered $428 million in redemptions. The sell-off followed U.S.–China trade tensions and heavy market volatility, causing Bitcoin and Ethereum prices to drop over 2.5% and 3.3%, respectively. Despite short-term losses, institutional investors like BitMine increased Ethereum holdings during the dip, signaling continued confidence. Market watchers await Federal Reserve Chair Jerome Powell’s speech for further direction amid tight Bitcoin volatility and ongoing economic uncertainty.
Continue to read Massive $755M Outflows Hit Bitcoin and Ethereum Spot ETFs Amid Market Turmoil and Trade War Fears
On October 13, U.S. Bitcoin and Ethereum spot ETFs experienced combined outflows totaling $755 million, driven by investor fears after one of the largest crypto liquidation events. Bitcoin ETFs saw $326 million withdrawn, while Ethereum ETFs suffered $428 million in redemptions. The sell-off followed U.S.–China trade tensions and heavy market volatility, causing Bitcoin and Ethereum prices to drop over 2.5% and 3.3%, respectively. Despite short-term losses, institutional investors like BitMine increased Ethereum holdings during the dip, signaling continued confidence. Market watchers await Federal Reserve Chair Jerome Powell’s speech for further direction amid tight Bitcoin volatility and ongoing economic uncertainty.
Continue to read Massive $755M Outflows Hit Bitcoin and Ethereum Spot ETFs Amid Market Turmoil and Trade War Fears
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