🕯 Weekly results for spot Bitcoin and Ethereum ETFs:
📉 Bitcoin funds (Spot BTC ETFs):
Weekly net flows closed in negative territory, falling by approximately $146.19 million. Meanwhile, total net assets under management remain strong at $105.71 billion.
📉 Ethereum funds (Spot ETH ETFs):
They recorded negative flows over the week, with outflows totaling $250.29 million, while cumulative net assets stood at $15.29 billion.
💡 Analysis:
So far, the overall trend is negative, but the outflow volumes are relatively small, so there is absolutely no need to worry. What we're seeing is simply another period of calm (and anticipation) ahead of the upcoming Fed meeting.
$BTC
$ETH
#ETH #BTC
#BinanceSquare #Bitcoin #Ethereum #CryptoETFs #Fed #MarketAnalysis #CryptoTrading
📉 Bitcoin funds (Spot BTC ETFs):
Weekly net flows closed in negative territory, falling by approximately $146.19 million. Meanwhile, total net assets under management remain strong at $105.71 billion.
📉 Ethereum funds (Spot ETH ETFs):
They recorded negative flows over the week, with outflows totaling $250.29 million, while cumulative net assets stood at $15.29 billion.
💡 Analysis:
So far, the overall trend is negative, but the outflow volumes are relatively small, so there is absolutely no need to worry. What we're seeing is simply another period of calm (and anticipation) ahead of the upcoming Fed meeting.
$BTC
$ETH
#ETH #BTC
#BinanceSquare #Bitcoin #Ethereum #CryptoETFs #Fed #MarketAnalysis #CryptoTrading