$BTC Bitcoin and Ethereum ETFs Face Significant Outflows Amid Market Drop
The latest data shows a notable decline in Bitcoin and Ethereum ETFs, coinciding with a drop in cryptocurrency prices.
1. Bitcoin ETFs have seen a net outflow of $284 million, with major funds like Fidelity's FBTC and ARK 21Shares' ARKB leading the withdrawals.
2. Ethereum ETFs are also experiencing outflows, totaling $39.4 million, driven by funds like Grayscale's ETHE and ETH ETFs.
These outflows reflect a cautious market sentiment, with investors reacting to Bitcoin’s brief dip below $90K. As ETF flows play a crucial role in market sentiment, traders should stay alert to further trends.
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