Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high
US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued to decline. Data from SoSoValue shows that the 12 listed US Bitcoin ETFs lost $484.9 million on Oct. 7, their largest single-day outflow since June 25. BlackRock's iShares Bitcoin Trust (IBIT) led the withdrawals with $207.7 million, […] The post Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high appeared first on CryptoSlate.
Key Takeaways
- US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued to decline.
- Data from SoSoValue shows that the 12 listed US Bitcoin ETFs lost $484.9 million on Oct.
- 7, their largest single-day outflow since June 25.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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