Bitcoin ETFs See $6.5M Outflow as Ethereum ETFs Lose $8.32M in Net Outflows

The post Bitcoin ETFs See $6.5M Outflow as Ethereum ETFs Lose $8.32M in Net Outflows appeared first on Coinpedia Fintech News

As the Bitcoin price witnesses a minor correction, dropping back to the crucial levels of $60,000, the Bitcoin ETF market witnesses a slight increase in net outflows. From the 10 Bitcoin ETFs, the total outflow on October 9 accounted for 105 BTC worth 6.5 million, with Fidelity’s FBTC leading the way with 787 BTC worth 48.55 million. Currently, Fidelity holds 178,778 BTC worth $11 billion. Meanwhile, the Ethereum spot ETFs lost 3,442 ETH in the outflow worth $8.32 million, leading the way on the Ethereum front. The Bitwise Ethereum ETF faced the largest outflow of 1,865 ETH worth $4.53 million.