Bitcoin and Ethereum ETFs See Massive Outflows

The post Bitcoin and Ethereum ETFs See Massive Outflows appeared first on Coinpedia Fintech News

Bitcoin ETFs recorded a net outflow of 3,674 $BTC ($343.96M), with Bitwise leading the withdrawals, losing 2,957 $BTC ($276.84M). Bitwise now holds 40,186 $BTC (~$3.76B). Ethereum ETFs weren’t spared, reporting a net outflow of 1,787 $ETH ($5.92M). Grayscale (ETHE) contributed heavily, offloading 5,941 $ETH ($19.7M), reducing its holdings to 1,502,976 $ETH (~$4.98B). Meanwhile, Bitcoin is trading at $92,415 (+2.14% in 24h) with a $1.83T market cap, while Ethereum sits at $3,393 (+0.84% in 24h), boasting a $408.7B market cap.