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News Explorer — Bitcoin and Ethereum ETFs Continue to See Investors Heading for the Exits

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Sep 4, 10:35 am
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Bitcoin and Ethereum ETFs Continue to See Investors Heading for the Exits

Bitcoin spot ETFs experienced their fifth consecutive day of negative flows, with $287.8 million in net outflows on September 3. The Grayscale Bitcoin Trust (GBTC) and Fidelity's FBTC saw significant outflows, reducing the total net asset value of Bitcoin spot ETFs to $52.7 billion. Ethereum spot ETFs also recorded net outflows of $47.4 million, with Grayscale's (ETHE) ETF experiencing a larger outflow. The crypto market is under sell pressure, with Bitcoin and Ethereum prices dropping over the past 24 hours.

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