Economic news

Investors continue to withdraw funds from BTC-ETFs and ETH-ETFs

Bitcoin- And эфириум-ETF For the second day in a row, they are showing negative dynamics amid a new market downturn. BTC is currently trading at $110,000, while ETH has fallen below $4000.

On October 30, there was a net outflow of funds from spot Bitcoin-funds amounted to $488 million. The biggest losses were suffered by IBIT from BlackRock and ARKB from Ark & 21Shares, each of which saw outflows of more than $290 million and $65 million, respectively, according to SoSoValue.

Outflow of funds from spot эфириум-funds exceeded $184 million. Investors withdrew money from all ETF, with the exception of Grayscale’s ETHE. BlackRock’s ETHA led the way with $118 million in outflows, followed by Bitwise’s ETHW, which saw $31 million.

While Bitcoin- And эфириум-ETF are under pressure from the market downturn, while other cryptocurrency exchange-traded funds are seeing inflows. Recently launched ETF on the base Solana, Hedera and Litecoin attract a stable inflow of funds.

At the same time, the BSOL fund from Bitwise turned out to be the discovery of this week, becoming not only the first ETF on Solana in the US, but also received a record influx of $155 million in just 3 days.

Source

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