Bitcoin, Ethereum ETFs Bleed $755 Million, But Technical Analysis Gives Bulls Hope
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs saw a combined outflow of $755 million, though technical indicators still show resilience, hinting the market may not be as weak as flows suggest.
Bitcoin ETF Outflows Accelerate But BlackRock’s IBIT Defies the Trend
US BTC Spot ETF (Source: SoSoValue)
According to data from SoSoValue, U.S. Bitcoin ETFs saw combined outflows of $326 million on Oct. 13.
Grayscale‘s (NYSE:GBTC) recorded redemptions of $145 million, while Fidelity’s (BATS:FBTC) and Ark’s (S: ARKB) lost $93 million and $211 million, respectively.
BlackRock‘s (NASDAQ:IBIT) remained the outlier, drawing $60 million in inflows and holding net assets of about $93 billion.
Cumulative inflows for all U.S. Bitcoin ETFs remain above $62.4 billion, showing continued long-term institutional participation despite short-term volatility.
Ethereum ETFs Face $428M Blow As Institutional Support Wavers
US ETH Spot ETF (Source: SoSoValue)
Ethereum ETFs faced heavier selling pressure, recording …
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