Ethereum Spot ETFs Record $75.95 Million Net Outflow Across Nine Funds
Bitcoin ETFs saw a total net outflow of over $466 million, while Ethereum ETFs, particularly BlackRock’s, faced a substantial reduction in holdings.
BTC
ETH
Summary
Lookonchain reports that Bitcoin ETFs saw a total net outflow of 4,083 BTC (around $466.29 million), with Fidelity’s ETF leading the decline. Ethereum ETFs experienced a net outflow of 81,358 ETH (approximately $341.7 million), with BlackRock’s holdings seeing a significant reduction. The outflows reflect ongoing shifts in institutional positions across these funds.
Terms & Concepts
- Bitcoin ETF: An exchange-traded fund that tracks the price of Bitcoin, offering investors exposure to Bitcoin without direct ownership.
- Ethereum ETF: An exchange-traded fund that tracks the price of Ethereum, allowing investors to gain exposure to Ethereum without directly holding the cryptocurrency.