Farside's latest data shows an outflow of funds from Bitcoin ETFs in the U.S. equaling $105.3 million.
Of the 11 ETF issuers, six have realized losses, led by ARKB’s ARK, which has lost $59.3 million.
Fidelity’s FBTC saw an outflow of $10.4 million, while Bitwise’s BITB and VanEck’s HODL lost $8.7 million and $10.1 million, respectively.
Grayscale’s products also suffered outflows, with GBTC and BTC withdrawing $8 million and $8.8 million, respectively. Despite the outflows over the last two trading days, BlackRock’s IBIT did not register any outflows.
On the other hand, the Ethereum ETFs showed a slight positive change, registering their first inflow since August 14, with $5.9 million coming in.
Blackrock’s ETHA registered the best performance, attracting $8.4 million, followed by Fidelity’s FETH with $1.3 million.
However, Grayscale’s ETHE continued to report outflows, albeit at a reduced rate, losing only $3.8 million.
Bonk Inu (BONK), a popular meme coin built on the Solana blockchain, has made a significant leap in the global cryptocurrency space.
Cryptocurrency analyst Bluntz has expressed optimism about a newly launched, cat-themed memecoin within the Binance Smart Chain.
The U.S. Securities and Exchange Commission (SEC) has authorized BlackRock to offer options trading on spot Bitcoin ETFs, marking a key milestone in expanding crypto investment products.
Crypto trader Michaël van de Poppe suggested that the Federal Reserve’s recent decision to cut interest rates by 50 basis points could positively influence the crypto market.