US ETFs Sector Experiences Massive Outflows of $90M from BTC and $16M from ETH

CoinMarketCap08-10

On the 9th of August, the Bitcoin and Ethereum exchange-traded funds in the United States went through huge outflows. Spot On Chain, a popular on-chain analytics platform stated that the massive ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2458896156?lang=en_US&edition=fundamental","thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/4cad17bf66d64fd28043be752c7c60b5.jpg","is_english":true,"pubTime":"2024-08-10 22:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2458896156","market":"us","top_or_hot":-1,"title":"US ETFs Sector Experiences Massive Outflows of $90M from BTC and $16M from ETH","media":"CoinMarketCap","content":"<div>\n<p>On the 9th of August, the Bitcoin and Ethereum exchange-traded funds in the United States went through huge outflows. Spot On Chain, a popular on-chain analytics platform stated that the massive ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66b7771c2b39282f4a86b531/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US ETFs Sector Experiences Massive Outflows of $90M from BTC and $16M from ETH</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS ETFs Sector Experiences Massive Outflows of $90M from BTC and $16M from ETH\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-10 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/66b7771c2b39282f4a86b531/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On the 9th of August, the Bitcoin and Ethereum exchange-traded funds in the United States went through huge outflows. Spot On Chain, a popular on-chain analytics platform stated that the massive ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66b7771c2b39282f4a86b531/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHW","symbol_name":"Bitwise Ethereum ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/66b7771c2b39282f4a86b531/","article_id":"2458896156","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/4cad17bf66d64fd28043be752c7c60b5.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458896156","pubTimestamp":1723299608,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"On the 9th of August, the Bitcoin and Ethereum exchange-traded funds in the United States went through huge outflows. Spot On Chain, a popular on-chain analytics platform stated that the mass","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHW":"Bitwise Ethereum ETF","QETH":"Invesco Galaxy Ethereum ETF","BITB":"Bitwise Bitcoin ETF","IBIT":"iShares Bitcoin Trust","GBTC":"Grayscale Bitcoin Trust","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","FETH":"Fidelity Ethereum Fund","EZBC":"Franklin Bitcoin ETF","BTC":"Grayscale Bitcoin Mini Trust","ETH":"Grayscale Ethereum Mini Trust","EZET":"Franklin Ethereum Etf","BRRR":"Valkyrie Bitcoin Fund","ETHA":"iShares Ethereum Trust ETF","BTCO":"Invesco Galaxy Bitcoin ETF","ARKB":"ARK 21Shares Bitcoin ETF","BK4588":"碎股","BTCW":"WisdomTree Bitcoin Fund","ETHE":"Grayscale Ethereum Trust","HODL":"VanEck Bitcoin Trust ETF","CETH":"21Shares Core Ethereum ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","ETHV":"Vaneck Ethereum ETF"},"translate_title":"美国ETF行业经历了BTC 9000万美元和ETH 1600万美元的大规模流出","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITB":1,"QETH":1,"IBIT":1,"HODL":1,"GBTC":1,"FETH":1,"FBTC":1,"EZET":1,"EZBC":1,"ETHW":1,"ETHV":1,"ETHE":1,"ETHA":1,"ETH":1,"CETH":1,"BTCW":1,"BTCO":1,"BTC":1,"BRRR":1,"ARKB":1},"content_text":"On the 9th of August, the Bitcoin and Ethereum exchange-traded funds in the United States went through huge outflows. Spot On Chain, a popular on-chain analytics platform stated that the massive outflows of up to $16M and $90M from ETH and BTC ETFs indicate a cautious shift in the crypto market regarding investor sentiment. The analytics provider took to its official social media account to provide the details of the ETF flows.US ETFs World Sees Huge Outflows from Bitcoin and EthereumIn its recent X post, the analytics company pointed out that the Bitcoin exchange-traded funds incurred an outflow of nearly $90M. However, a couple of BTC ETFs witnessed inflows on the same day. In this respect, Grayscale Mini (BTC) recorded net inflows of almost $15.6M. Additionally, BlackRock (IBIT) effectively added $9.6M in terms of inflows on August 9. However, none of the other Bitcoin ETFs saw any inflows.The ETFs with $0 inflows include WisdomTree (BTCW), ARK 21Shares (ARKB), VanEck (HODL), Invesco (BTCO), Valkyrie (BRRR), and Franklin (EZBC). Apart from these Bitcoin ETFs 3 BTC exchange-traded funds witnessed outflows. These ETFs take into account Bitwise (BITB), Fidelity (FBTC), and Grayscale (GBTC) with $18.1M, 19.8M, and $77M in outflows. During the recent week, the ten BTC ETFs in the US recorded cumulative outflows of up to $177 million. They saw these outflows in 3 out of five trading days.On the other hand, Ethereum ETFs went through an outflow of almost $16M. Individually, 3 of the ETH ETFs saw some inflows. BlackRock (ETHA) saw $19.6M in net inflows. Fidelity (FETH) and Grayscale Mini (ETH) also witnessed inflows of $3.9M and $2.4M worth on August 9. Nonetheless, five Ethereum ETFs could not add any inflows. They include Bitwise (ETHW), Invesco (QETH), Franklin (EZET), VanEck (ETHV), and 21Shares (CETH). On the other hand, Grayscale (ETHE) incurred outflows of nearly $41.7M.The Possible Factors Driving This Development Include Market Volatility and Wider Geopolitical ConcernsThe substantial outflows from Ethereum and Bitcoin ETFs, as shown in Spot On Chain data, highlight an increasing cautiousness among crypto investors. The likely factors influencing this scenario include the recent volatility in the crypto market and the wider geopolitical concerns. This suggests that the market may experience more pressure specifically if investor confidence declines further.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Business Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2458896156"}