Ethereum ETFs Lose $320 Million In A Week As Bitcoin Outflows Slow

Share

US spot Ethereum ETFs recorded $320.1 million in net outflows between October 12 and 16, exceeding the $228.4 million lost by Bitcoin funds over the same period. BlackRock, through its ETHA product, alone concentrated nearly 93% of these redemptions, approximately $299 million. This week nevertheless marks a slowdown in Bitcoin outflows compared to the previous week, when Ether funds had already suffered losses of $542 million. Fidelity, through its FETH fund, managed to attract modest positive flows, showing that investors do not treat all issuers identically.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items