Bitcoin and Ethereum ETFs Face Capital Outflows Amid Market Decline
- On March 10, spot Bitcoin and Ethereum ETFs experienced negative trends.
- Total capital outflow from these sectors exceeded $312 million.
- Bitcoin-based funds saw a withdrawal of $278.55 million.
- IBIT lost $89.24 million, FBTC lost $134.04 million, and GBTC reduced by $20.6 million.
- Ethereum-based funds faced an exodus of $34 million, with FETH losing $23.68 million.
The cumulative outflow from Bitcoin and Ethereum ETFs on March 10 surpassed $312 million, marking the sixth consecutive red day for Bitcoin ETFs and the fourth for Ethereum ETFs.
Source (2.6)https://hodl.press/capital-outflows-in-bitcoin-ethereum-etfs-amid-market-dip/?rand=24434
