On Thursday, U.S. spot Bitcoin ETFs saw significant withdrawals, totaling $211.15 million, marking a week-long trend of outflows.
Fidelity’s FBTC led with $149.49 million in withdrawals, followed by Bitwise’s BITB, which lost $30 million. Grayscale’s GBTC and mini trust also saw declines of $23.22 million and $8.45 million, respectively.
No funds saw gains, while others, including BlackRock’s IBIT, recorded no activity. Trading volumes across 12 ETFs dropped to $1.35 billion, continuing the downward trend.
In the Ethereum ETF space, movements were minimal with $152,720 in outflows. Grayscale’s ETHE lost $7.39 million, but its Ethereum Mini Trust gained $7.24 million.
Other Ethereum ETFs showed no change, and trading volumes decreased to $108.59 million. Since launching, these Ethereum funds have experienced $562.31 million in outflows.
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Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.
For the first time in 4 years, Fed cut the rates for the first time in 4 years, which lead to a notable surge in cryptocurrency prices.
Donald Trump, the Republican presidential nominee, made headlines by becoming the first former U.S. president to make a Bitcoin transaction.
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