News & Updates : ETFs for Bitcoin and Ethereum See Major Withdrawals.#BTCReserveStrategy #BTCUnbound #notcoin #news_update $BTC
Recent data reveals significant net outflows from Bitcoin and Ethereum ETFs, with Bitcoin ETFs losing 3,858 BTC and Ethereum ETFs experiencing a drop of 155,688 ETH.
In the latest cryptocurrency news, Bitcoin and Ethereum ETFs have faced considerable outflows, with Bitcoin ETFs reporting a loss of 3,858 BTC, valued at around $440 million, and Ethereum ETFs seeing a withdrawal of 155,688 ETH, totaling approximately $566 million. Meanwhile, JTO's market value surged over 6% following a proposal to distribute protocol revenue to its holders, raising its market cap to $1.355 billion. Additionally, a surge in Bitcoin demand from OTC desks is expected to drive price growth due to a supply imbalance, as corporate treasuries continue to accumulate BTC. JuCoin has also made headlines by establishing its European headquarters in Switzerland's Crypto Valley, aiming to create a diverse ecosystem for users. The global cryptocurrency market cap has reached $3.75 trillion, with Bitcoin trading at $114,078. Amidst these developments, profit-taking remains a focus for market participants, with significant realized profits reported. As the market navigates through fluctuations, the potential for a price rebound is being closely monitored.
