📉 CRYPTO ETFs TURN RED!
On September 30, the Spot Crypto ETFs @Bitcoin US recorded approximately
$149M in net outflows.
None of the 12 funds recorded net inflows: Fidelity FBTC (-$125.6M), Bitwise BITB (-$13.6M), and BlackRock IBIT (-$9.5M) account for the outflows.
@Ethereum follows the trend: -$59.6M in net outflows from the Spot ETH ETFs, with no inflows during the session.
⚠️ About $208M withdrawn from $BTC + $ETH in one day.
But let’s keep things in context: this comes after a period of strong inflows, including +$6.34B into the ETFs #bitcoin in Q3.
So one red day isn’t enough to confirm a trend reversal.
👀 Signal to watch: if outflows repeat over multiple sessions, that would be far more significant.
#DrYo242 — Your shield against volatility.
#Ethereum #etf #crypto
On September 30, the Spot Crypto ETFs @Bitcoin US recorded approximately
$149M in net outflows.
None of the 12 funds recorded net inflows: Fidelity FBTC (-$125.6M), Bitwise BITB (-$13.6M), and BlackRock IBIT (-$9.5M) account for the outflows.
@Ethereum follows the trend: -$59.6M in net outflows from the Spot ETH ETFs, with no inflows during the session.
⚠️ About $208M withdrawn from $BTC + $ETH in one day.
But let’s keep things in context: this comes after a period of strong inflows, including +$6.34B into the ETFs #bitcoin in Q3.
So one red day isn’t enough to confirm a trend reversal.
👀 Signal to watch: if outflows repeat over multiple sessions, that would be far more significant.
#DrYo242 — Your shield against volatility.
#Ethereum #etf #crypto
