Crypto
Bitcoin and Ether ETFs Face Continued Capital Drain Amid Market Tensions
Recent geopolitical uncertainties have led to significant outflows from Bitcoin and Ether exchange-traded funds, with investors withdrawing millions over multiple days.
1 min read
Bitcoin ETFs bled $54.2 million on Thursday, following three consecutive days of net outflows, totaling $361.2 million. The U.S.-listed bitcoin (BTC) and ether (ETH) spot exchange-traded funds (ETFs) have been under pressure, with Bitcoin down 6% and Ether down 10% this week.
Key Highlights:
- The main contributors to the outflows include Ark's ARKB at $58.0 million and Fidelity's FBTC at $37.2 million.
- Notably, BlackRock's IBIT saw an inflow of $36.0 million, whereas Grayscale's GBTC maintained a muted performance with only $5.9 million in outflows this week.
- Investors are reported to have an average gain of 3-10% on their investments, with deposit cost bases ranging from $54,911 to $59,120.
We will continuously monitor the developments regarding Bitcoin and Ether ETFs as they display remarkable resilience amid fluctuating market conditions and geopolitical constraints.
